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About This Home

This 3-bedroom, 2-bathroom residential multi family at 416 Palm Avenue in Las Cruces, NM is listed for $299,000. Built in 2021, on a 0.29 acres lot.

Agent Description

Check out this incredible investment opportunity featuring two container units on a spacious .29-acre lot! Built in 2021, both units are in excellent condition and thoughtfully designed with quality construction. The larger, two-story unit offers two bedrooms plus a small upstairs office that can easily serve as a third bedroom, along with a half bathroom on the second floor, vinyl flooring throughout, and an open-concept layout.

The second unit includes one bedroom and its own open floor plan. Both homes feature private patios and storage buildings, and everything on the property is included, making this a true turnkey investment. Currently operating as successful short-term rentals, you can continue generating income immediately, or choose to live in one unit and rent out the other.

Situated at the end of a cul-de-sac with a gated entrance, the property offers stunning west-facing sunset views, and plenty of additional land for expansion, RV parking or any other idea you may have in mind.

Key Features

  • Built in 2021
  • 0.29 acre lot

Property Details

2 full
2021

Monthly Cost Estimate

$1,599/mo

20% down · 6.5% · 30 years

Principal$216
Interest$1,296
Insurance$87

Estimates only. Actual payments may vary.

Location

416 Palm Avenue

Las Cruces, NM 88001

Property Details

Construction

Steel Siding

Parking

On Street

Appliances

DryerRefrigeratorDishwasherWasher

Questions & Answers

This 3-bedroom, 2-bathroom residential multi family at 416 Palm Avenue is listed at $299,000. The estimated monthly payment is $1,296 based on 20% down at 6.5% interest.

Key features include: Built in 2021, 0.29 acre lot.

This property is listed by Irma Chavez-May and can be reached at 5756351113 or irma@irmachavezmay.com.

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IC

Irma Chavez-May

Agent at EXIT Realty Horizons

(575) 635-1113

Listed by EXIT Realty Horizons · View on Broker Site

MLS# 2601223· Source: listhub· Updated 1 days ago

Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

416 Palm Avenue, Las Cruces, NM 88001

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