1231 5th Street

$320,000

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1231 5th Street

$320,000

Contact Presenting Broker

    Paul Duran

    505.310.5566

    Key Features

    • MLS: 202600425
    • Status: Active
    • Price: $320,000
    • Area: 28-San Miguel Cnty
    • Type: Duplex
    • Acres: 0.18

    About this Property

    Rare opportunity to own a versatile income-producing property featuring two homes on a single lot. Perfectly suited for a savvy investor, this property offers an immediate and reliable cash flow with long-term tenants already in place who boast a stable and proven rental history.The primary residence and secondary unit combined offer approximately 1,500 sq. ft. of living space situated on a spacious 7,754 sq. ft. lot. Nestled in a quiet, well-established neighborhood, the property provides a serene setting that feels like a rural retreat while maintaining city convenience. Residents are within walking distance to local shops, restaurants, and the scenic Gallinas River and walking trails.Located near New Mexico Highlands University, this property is strategically positioned for consistent demand. With a strong tax assessment history and steady value growth, this is a "set-it-and-forget-it" addition to any real estate portfolio. Whether you are looking for a reliable rental stream or a multi-generational living setup, this property is a must see.

    Additional Features

    • Type Duplex
    • Stories Multi/Split story
    • Style Multi-Level
    • Days On Market 3
    • UtilitiesSeparate Meters, Electricity Available
    • Interior FeaturesInterior Steps
    • HeatingElectric
    • Construction MaterialsBrick, Block, Frame, Concrete
    • RoofMetal, Pitched
    • SewagePublic Sewer

    Schools

    • Elementary School: Las Vegas
    • Junior High School: Memorial Jr
    • High School: Robertson High

    Listing Brokerage

    IDX listing

    Geneva Riggs

    HomeSmart Realty Pros

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    The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Keller Williams ® are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.