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About This Home

This 0-bedroom, 0-bathroom residential multi family at 1515 W 18th Street in Portales, NM is listed for $495,000. on a 0.92 acres lot.

Agent Description

ATTENTION INVESTORS! Great opportunity to own an eight-door apartment complex with consistently low turnover. Each unit features one bedroom, one bathroom, and a large walk-in closet. Kitchens come equipped with an electric range and refrigerator. Building 1 has a metal roof, while Building 2 features a composition roof.

Utilities are separately metered, and tenants pay their own utilities. Each apartment offers central heat and air plus covered porches for added comfort. The property also includes 20 concrete block storage units (each approximately 10x10) with concrete foundations and metal roofsa great additional income source or tenant amenity. Situated on a large lot with room to expand, this property offers excellent potential for future growth. POSSIBLE OWNER FINANCNG W/ACCEPTABLE TERMS. Call today for more information!

Key Features

  • 0.92 acre lot

Property Details

1 story

Amenities

A/C

Monthly Cost Estimate

$2,647/mo

20% down · 6.5% · 30 years

Principal$358
Interest$2,145
Insurance$144

Estimates only. Actual payments may vary.

Location

1515 W 18th Street

Portales, NM 88130

Features & Amenities

Interior Features

Walk-In Closet(s)

Property Details

Flooring

VinylCarpetLaminate

Construction

Brick

Heating

Forced Air

Cooling

Central AirElectric

Appliances

Free-Standing RangeRefrigeratorElectric Water Heater

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 1515 W 18th Street is listed at $495,000. The estimated monthly payment is $2,145 based on 20% down at 6.5% interest.

Key features include: 0.92 acre lot. Interior Features: Walk-In Closet(s).

This property is listed by Melinda Wilkinson and can be reached at 5757997070 or melindaw@kw.com.

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MW

Melinda Wilkinson

Agent at Keller Williams Realty - Cl/Ho

(575) 799-7070

Listed by Keller Williams Realty - Cl/Ho

MLS# 20256251· Source: listhub· Updated 162 days ago

Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1515 W 18th Street, Portales, NM 88130

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