About This Home

This 5-bedroom, 3-bathroom multi-family at 701 Lava in Milan, NM is listed for $139,000 ($72 per sqft). Built in 1977, the home offers 1,922 sqft of living space on a 0.38 acres lot.

Key Features

  • Built in 1977
  • 0.38 acre lot

Property Details

1 story
3 full
1977

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$743/mo

20% down · 6.5% · 30 years

Principal$101
Interest$602
Insurance$41

Estimates only. Actual payments may vary.

Location

701 Lava

Milan, NM 87021

Property Details

Flooring

CarpetTile

Construction

Frame Stucco

Heating

CentralForced Air

Appliances

Refrigerator

Questions & Answers

This 5-bedroom, 3-bathroom multi-family at 701 Lava is listed at $139,000 ($72/sqft). The estimated monthly payment is $744 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1977, 0.38 acre lot.

This property is listed by Anna T Carabajal.

AC

Anna T Carabajal

License 50510

Agent at Realty One of New Mexico

Listed by Realty One of New Mexico · Broker phone: (505) 883-9400 · View on Broker Site · Broker website

MLS# 1084438· Source: Southwest MLS· 525 days on PropertySimple

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

701 Lava, Milan, NM 87021

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