Six units with an established rental history in the heart of Dexter! This unique investment property consists of two duplex buildings-four approximately 1,006 sq. ft. units-plus two detached residences of approximately 2,156 sq. ft. and 936 sq. ft. Five of the six units have undergone extensive renovations, including updated flooring, bathrooms, cabinetry, electrical and lighting, fascia, vaulted and special touches to add character and style. Vaulted ceilings enhance the renovated interiors, giving these residences an open, spacious feel rarely associated with traditional multifamily housing. Set within their own dedicated parking area, the property offers a residential atmosphere in the small agricultural community of Dexter, New Mexico. An established tenant history adds another dimension to this opportunity. Some residents have made these home for more than a decade. With six individual residences, substantial improvements already completed, and only one remaining unit awaiting renovation, this property presents an opportunity for an investor to step into an established rental property while retaining additional value-add potential.
For sale
$750,000
501 W 4th St #A, Dexter, NM 88230
13beds
6baths
6,044sqft
Single Family Residence
Built in 1980
1.32 Acres Lot
$708,900 Zestimate®
$124/sqft
$-- HOA
What's special
Two duplex buildingsDedicated parking areaDetached residencesUpdated flooringVaulted ceilings
- 10 days
- 134
- 6
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Wendie Marley 214-883-3153,
RE/MAX First Place Realtors Roswell 575-622-7191
Source: New Mexico MLS,MLS#: 26001347
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 6
Heating
- Electric
Features
- Flooring: Carpet, Hardwood, Tile
- Has fireplace: No
Interior area
- Total structure area: 6,044
- Total interior livable area: 6,044 sqft
Property
Lot
- Size: 1.32 Acres
Details
- Parcel number: 414507631811400
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1980
Utilities & green energy
- Water: Water - City
Community & HOA
HOA
- Has HOA: No
Location
- Region: Dexter
Financial & listing details
- Price per square foot: $124/sqft
- Tax assessed value: $236,322
- Annual tax amount: $1,948
- Date on market: 9/20/2026
- Listing agreement: Exclusive Right To Sell
- Inclusions: Dishwasher, Dryer, Free-Standing Range, Refrigerator
- Acres allowed for irrigation: 0
Estimated market value
$708,900
$673,000 - $744,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Listed for sale | $750,000$124/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,980 -0.7% | $78,774 +3% |
| 2024 | $1,995 +0.7% | $76,479 +3% |
| 2023 | $1,982 -2.5% | $74,252 -3.1% |
| 2022 | $2,032 +1.9% | $76,648 +1.5% |
| 2021 | $1,994 +0.4% | $75,552 +0.9% |
| 2020 | $1,987 -3.7% | $74,847 -3.8% |
| 2019 | $2,064 +12.5% | $77,804 +21.7% |
| 2015 | $1,835 -48.5% | $63,933 +3% |
| 2014 | $3,563 +118.4% | $62,071 +3% |
| 2013 | $1,631 | $60,263 +3% |
| 2012 | -- | $58,508 |
Find assessor info on the county website
Monthly payment
Est. payment