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For sale
  • $750,000

    501 W 4th St #A, Dexter, NM 88230

    13beds
    6baths
    6,044sqft
    : 
    $4,925/mo
    Get pre-qualified
    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
    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.
    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#: 26001347MLS Logo

      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

        DateEventPrice
        9/21/2026Listed for sale$750,000$124/sqft
        Source: New Mexico MLS #26001347 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 88230

        Getting around

        21 / 100
        Car-Dependent
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating