405 Palm Avenue, Las Cruces, NM 88001
$255,000
Property Type:
Multi-Family
Bedrooms:
2
Baths:
2
Square Footage:
960
Lot Size (sq. ft.):
6,969
Status:
Active
Current Price:
$255,000
List Date:
12/03/2025
Last Modified:
12/24/2025
Description
Incredible investment in the heart of Downtown Las Cruces with this container duplex with a modern and unique feeling that guests are clamoring for in an Airbnb or vacation rental home. Floor plans vary and there are no traditional bedrooms, but the studio style is well thought out and very well sought after with guests rebooking regularly. Live in one and rent the other for income or run a successful vacation rental business. Call for details on purchasing the adjacent property at 409 Palm
More Information MLS# 2501407
Contract Information
Qualifying Broker Name: Padma Valdevit
Qualifying Broker License #: 17630
Qualifying Broker Address: 635 E Griggs, Las Cruces NM 88001
Property Sub-Type: Apartment Complex
Number of Units: 2
Asking Price: 255000
Current Price: $255,000
Status: Active
Term Date: 2025-05-15
Location, Tax & Legal
Zip +4: 1798
Account Number: R1901272
Parcel Number: 4-007-134-182-217
Legal: Legal Summary Subd: THE LOFTS AT PALM REPLAT NO 1 (2300350) Lot: 2 S: 7 T: 23S R: 2E BRM TR 3
Number: 405
Street Name: Palm
St Suffix: Avenue
County: Dona Ana
State: NM
Zip Code: 88001
Area: 120 - Downtown
Subdivision: N/A
General Property Info
HOA: No
Lot SqFt: 6969
Actual Lot Size Source: Public Records
Lot Acres: 0.16
Property in PID: No
Use of Electronic Document Transmission: Yes
Green Certified: No
Lot Size: .25 to .50 AC
Owner Financing: No
Parking Capacity: 4
Age: 11 to 20 Years
3rd Party Approval: No
Short Sale: No
REO/Bank Owned: No
Court Approval: No
Appx House SqFt: 960
# Bedrooms: 2
Total Baths: 2
Year Built: 2018
Remarks & Misc
Agent Wrote all Remarks: Yes
Advertising Remarks: Incredible investment in the heart of Downtown Las Cruces with this container duplex, with a modern and unique feeling that guests are clamoring for in an Airbnb or vacation rental home. Floor plans vary and there are no traditional bedrooms, but the studio style is well thought out and very well sought after with guests rebooking regularly. Live in one and rent the other for income or run a successful vacation rental business. Call for details on purchasing the adjacent property at 409 Palm
Office/Member Info
Office Address: we are a virtual office, mailing address is 635 E Griggs Las Cruces NM 88001
Parking Type
Off-Site Park: 1
Fence
Other - See Remarks: Container homes
Miscellaneous
Individual Heat & Air: 1
Possession
At Funding: 1
Will Sell
Cash: 1
Conventional: 1
Occupancy
Other - See Remarks: Varies due to the fact that they are primarily vacation rentals
Construction
Other - See Remarks: Metal containers
Cooling
Other - See Remarks: refrigerated split ductless
Type of Tenancy
Other - See Remarks: Varies due to the fact that they are primarily vacation rentals
# of Floors
One: 1
Condition
Good to Excellent: 1
Heating
Other - See Remarks: split ductless
Flooring/Foundation
Other - See Remarks: painted plywood
Appliances
Other - See Remarks: Varies, all appliances convey
Util/Serv Included In Rent
Other - See Remarks: currently all paid by owner-vacation rentals
Unit Features
Drapes: 1
Fenced Area: 1
Patio: 1
Private Bath: 1
Private Outside Entry: 1
Tile: 1
Other - See Remarks: amenities vary in the different units, see description
Water
City Water: 1
Amenities (Common)
Other - See Remarks: off-street parking
Sewer
City Sewer: 1
Property Features
Parking Type: Off-Site Park
Possession: At Funding
Will Sell: Cash; Conventional
# of Floors: One
Condition: Good to Excellent
Unit Features: Drapes; Fenced Area; Patio; Private Bath; Private Outside Entry; Tile
Water: City Water
Sewer: City Sewer
Miscellaneous: Individual Heat & Air
Listing Office:
Rethink Real Estate, LLC
Last Updated: December - 24 - 2025
Information deemed reliable but not guaranteed.