3820 Calle De Las Margaritas, Las Cruces, NM 88005
$475,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
47,480
Status:
Active
Current Price:
$475,000
List Date:
6/25/2025
Last Modified:
7/09/2025
Description
Endless possibilities await with this well-maintained fourplex in the peaceful and highly desirable Mesilla Park area. Situated on 1.09 acres with a charming pecan orchard, this property offers quiet country living just minutes from town. Each of the four 1-bedroom, 1-bath units features low-maintenance tile flooring, a full appliance package, and an open-concept kitchen, living, and dining area, with three units upgraded with new mini-split heating and cooling systems for efficient year-round comfort. With separate utility meters and a shared domestic well, this income-producing property is both functional and full of long-term potential. Its very close proximity to NMSU and Burrell College of Osteopathic Medicine makes this a prime rental location- ideal for student housing or short-term Airbnb stays. Beyond traditional rentals, this property offers multiple streams of potential income including pecan orchard harvests, horse training or boarding, and more. A rare opportunity, call me today!
More Information MLS# 2501032
Contract Information
Qualifying Broker Name: Amy Hummer
Qualifying Broker License #: 19741
Property Sub-Type: Quadruplex
Asking Price: 475000
Current Price: $475,000
Number of Units: 4
Status: Active
Term Date: 2025-04-16
Location Tax Legal
Number: 3820
Street Name: Calle De Las Margaritas
County: Dona Ana
State: NM
Zip Code: 88005
Area: 333 - Mesilla Pk S
Subdivision: N/A
General Property Info
HOA: No
Use of Electronic Document Transmission: Yes
Property in PID: No
Green Certified: No
Lot Size: 1.01 to 1.5 AC
Actual Lot Size Source: Public Records
Lot SqFt: 47480
Lot Acres: 1.09
Parking Capacity: 8
Year Built: 1984
Age: 41 to 50 Years
Earnest Money Payable To: SWAT- Patricia
3rd Party Approval: No
Short Sale: No
REO/Bank Owned: No
Owner Financing: No
Court Approval: No
Type of Tenancy
Other - See Remarks: Airbnb
Cooling
Other - See Remarks: Mini split
Amenities (Common)
Other - See Remarks: none
Water
Other - See Remarks: Domestic Well & EBID
Property Features
Parking Type: None
Fence: Chain Link; Pipe; Wood
Possession: At Funding; Closing
Type of Tenancy: Month To Month
# of Floors: One
Construction: Stucco
Roofing: Pitched; Shingle
Heating: Forced Air; Gas
Cooling: Evaporative Central
Appliances: Oven/Range; Refrigerator
Unit Features: Fenced Area; Kitchen/Family Room Combo; Living Room/Dining Room Combo; Patio
Water: Private
Sewer: Septic Tank
Miscellaneous: Landscaping Pastures; Meters Separate
Listing Office: BHGRE Steinborn & Associates
Last Updated: July - 09 - 2025
Information deemed reliable but not guaranteed.