This versatile duplex in Milan, New Mexico, presents a fantastic investment opportunity with two distinct units. The first unit features 3 bedrooms and 2 baths, while the second offers 2 bedrooms and 1 bath. In addition, the property includes a spacious lot, ideal for parking a manufactured home to add another income-generating unit.Each unit is equipped with separate electric and gas meters, ensuring independent utilities for tenants. Both units currently have long-term renters in place, providing steady income. Swamp coolers offer efficient cooling, while the durable metal roof enhances the property's longevity.
For sale
$139,000
701 Lava Ave, Grants, NM 87020
5beds
3baths
1,922sqft
:
Get pre-qualified$934/mo
Duplex, Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$72/sqft
$-- HOA
What's special
Manufactured homeDurable metal roofSwamp coolersSpacious lot
- 429 days |
- 105 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Anna T Carabajal 505-250-0028,
Realty One of New Mexico 505-883-9400
Source: SWMLS,MLS#: 1084438
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Carpet, Tile
- Has basement: No
Interior area
- Total structure area: 1,922
- Total interior livable area: 1,922 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.38 Acres
Details
- Parcel number: 2058063110323
- Zoning description: R-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1977
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Grants
Financial & listing details
- Price per square foot: $72/sqft
- Annual tax amount: $584
- Date on market: 5/21/2025
- Cumulative days on market: 429 days
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 1105
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$996/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2025 | Listed for sale | $139,000$72/sqft |
Source:  SWMLS #1084438 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87020
Nearby schools
GreatSchools rating
- 3/10Milan Elementary SchoolGrades: PK-6Distance: 0.5 mi
- 3/10Los Alamitos Middle SchoolGrades: 7-8Distance: 4 mi
- 4/10Grants High SchoolGrades: 9-12Distance: 2.8 mi
- $2,5133 bd1 ba540 sqft703 Lava Ave, Grants, NM 87020Off Market
- $2,513-- bd-- ba540 sqft703 Lava Ave, Grants, NM 87020Off Market
- $138,800-- bd-- ba-- sqft715 Lava Ave, Milan, NM 87021Off Market
- $25,5991 bd1 ba726 sqft704 Lava Ave, Milan, NM 87021Off Market
- $23,4477,405 Square Feet717 Lava Ave, Milan, NM 87021Off Market
- $4,776-- bd-- ba-- sqftMilan St, Milan, NM 87021Off Market
- $25,2162 bd1 ba1.6k sqft706 Lava Ave, Milan, NM 87021Off Market
- $8,646-- bd-- ba-- sqft705 Lava Ave, Milan, NM 87021Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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