1140 S Mesquite Street, Las Cruces, NM 88001
$234,000
Property Type:
Multi-Family
Bedrooms:
3
Baths:
3
Lot Size (sq. ft.):
17,060
Status:
Active
Current Price:
$234,000
List Date:
12/01/2025
Last Modified:
12/18/2025
Description
$3000 Seller Credit! Superb Opportunity to Build Your Wealth! Located near NMSU, shopping centers, schools, and major thoroughfares, this 2/3 occupied triplex is the perfect blend of current cash flow and future potential. The property features 3 units- 2 in a great duplex layout along with a detached character-filled A-frame apartment generating reliable rental income from day one. With it's prime location and stable occupancy, this property is ideal for both seasoned investors and first-time buyers looking to house hack using a loan. Live in one unit while the others help cover your mortgage, or hold as a leased asset with room for rent increases. Sitting on a generously sized lot, this property also offers development potential—with space to add a fourth unit or even explore a complete redevelopment into a larger multifamily complex, pending zoning and city approval. The possibilities are abundant for those with a long-term vision.
Supplements: Properties with this level of flexibility, location, and upside are hard to come by in today's market. Whether you're building your portfolio, looking for a smart first purchase, or planning a future development project, this Las Cruces triplex checks all the boxes. Buyer to verify all zoning and development opportunities. Don't miss your chance to secure a high-demand, income-producing property with multiple exit strategies. Schedule your personal tour today!
More Information MLS# 2502119
Contract Information
Qualifying Broker Name: Joseph Arnone
Qualifying Broker License #: 16221
Qualifying Broker Address: 3519 Foothills Rd
Transaction Coordinator Name: Alex Skowronski
Transaction Coordinator Email: [email protected]
Transaction Coordinator License: 49748
Property Sub-Type: Triplex
Number of Units: 3
Marketing Date: 2025-05-01
Asking Price: 234000
Current Price: $234,000
Status: Active
Term Date: 2025-07-09
Location, Tax & Legal
Zip +4: 3787
Account Number: R0207507
Parcel Number: 4-007-136-517-068
Legal: S: 19 T: 23S R: 2E INSTRUMENT# 2222433
Number: 1140
Direction: S
Street Name: Mesquite
St Suffix: Street
County: Dona Ana
State: NM
Zip Code: 88001
Area: 328 - Valley View
Subdivision: N/A
General Property Info
HOA: No
Lot SqFt: 17060
Actual Lot Size Source: Public Records
Lot Acres: 0.39
Property in PID: No
Use of Electronic Document Transmission: Yes
Green Certified: No
Lot Size: .25 to .50 AC
Owner Financing: No
Parking Capacity: 6
Age: 81 to 90 Years
Earnest Money Payable To: Stella-DAT
3rd Party Approval: No
Short Sale: No
Rent/1 BR Each: 825
REO/Bank Owned: No
Rent/2 BR Each: 825
Court Approval: No
Rent/3 BR Each: 800
Gross Income Month: 2450
# Bedrooms: 3
Total Baths: 3
Year Built: 1944
Remarks & Misc
Agent Wrote all Remarks: Yes
Advertising Remarks: $3000 Seller Credit! Superb Opportunity to Build Your Wealth! Located near NMSU, shopping centers, schools, and major thoroughfares, this 2/3 occupied triplex is the perfect blend of current cash flow and future potential. The property features 3 units- 2 in a great duplex layout along with a detached character-filled A-frame apartment generating reliable rental income from day one. With it's prime location and stable occupancy, this property is ideal for both seasoned investors and first-time buyers looking to house hack using a loan. Live in one unit while the others help cover your mortgage, or hold as a leased asset with room for rent increases. Sitting on a generously sized lot, this property also offers development potential—with space to add a fourth unit or even explore a complete redevelopment into a larger multifamily complex, pending zoning and city approval. The possibilities are abundant for those with a long-term vision.
Parking Type
None: 1
Fence
Block: 1
Chain Link: 1
Possession
At Funding: 1
Will Sell
Cash: 1
Conventional: 1
Occupancy
Over 95% Occupancy: 1
Construction
Block: 1
Frame: 1
Stucco: 1
Cooling
Other - See Remarks: mini splits
Type of Tenancy
12 Months: 1
# of Floors
One: 1
Condition
Poor to Fair: 1
Heating
Gas: 1
Roofing
Shingle: 1
Flooring/Foundation
Slab: 1
Wood: 1
Appliances
Oven/Range: 1
Refrigerator: 1
Util/Serv Included In Rent
Electricity: 1
Gas: 1
Trash Collection: 1
Water: 1
Water
City Water: 1
Amenities (Common)
Other - See Remarks: N/A
Sewer
City Sewer: 1
Property Features
Parking Type: None
Fence: Block; Chain Link
Possession: At Funding
Will Sell: Cash; Conventional
Occupancy: Over 95% Occupancy
Type of Tenancy: 12 Months
# of Floors: One
Condition: Poor to Fair
Construction: Block; Frame; Stucco
Roofing: Shingle
Heating: Gas
Appliances: Oven/Range; Refrigerator
Water: City Water
Sewer: City Sewer
Listing Office:
EXIT Realty Horizons
Last Updated: December - 18 - 2025
Information deemed reliable but not guaranteed.