201 Lincoln Avenue, Grants, NM 87020 (MLS# 1106959)

201 Lincoln Avenue, Grants, NM 87020

$1,100,000

Property Type: Residential Income Square Footage: 7,090 Lot Size (sq. ft.): 17,424 Status: Active

Current Price: $1,100,000 List Date: 7/09/2026 Last Modified: 9/14/2026

Overview

Description

Value-add multifamily investment opportunity in Grants, NM featuring 10 renovated units with 80% occupancy and immediate lease-up potential. Each unit offers the same spacious floor plan with washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. New energy-efficient mini-split HVAC systems were installed property-wide in 2024. Residents enjoy a secure gated courtyard. An additional ~600 SF, 1-bedroom/1-bath unit was converted from a storage unit with washer/dryer hookups; this provides the opportunity to create an 11th income-producing unit, subject to completion. 11th unit is roughly 75% complete.

Supplements: Conveniently located near I-40, shopping, schools, and local employers, this property offers stable cash flow with upside through increased occupancy and rental growth.

Listing Details MLS# 1106959

Contract Information

List Price/SqFt: 155.15

Location

Street #: 201
Street Name: Lincoln
St Suffix: Avenue
County: Cibola
City/Town Code: Grants
State/Province: NM
Zip Code: 87020
MLS Area Major: 390 - Cibola
Zone Atlas: NOZA

General Property Description

# of Units: 10
5+ Units: Yes
Units for Sale: 10
Property Sub-Type: Multi-Family
Living Area: 7090
SqFt Source: Floorplan
Lot Size Source: Per Appraisal
Acres: 0.4
Lot SqFt: 17424
Directions: on U.S. RT 66 take a right onto 1st St, make a right at Lincoln Ave
Stories: Yes
Total # of Buildings: Yes
Year Built: 1976
Year Built Source: Appraiser
Age: Select One
# Parking Spaces: 20
Accessory Dwelling Unit: No
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X

Cooling

Centrally Ducted: No

Sales Info

Trade/Xch Considered: Yes

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Actual Rent: 1000
Max Rent: 1100
Market Rent: 1100

More Information

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Actual Rent: 1000
Max Rent: 1100
Market Rent: 1100

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Actual Rent: 1000
Max Rent: 1100
Market Rent: 1100

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Actual Rent: 1000
Max Rent: 1100
Market Rent: 1100

# of Unit Types (5)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Actual Rent: 1000
Max Rent: 1100
Market Rent: 1100

# of Unit Types (6)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Actual Rent: 1000
Max Rent: 1100
Market Rent: 1100

# of Unit Types (7)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Actual Rent: 950
Max Rent: 1100
Market Rent: 1100

# of Unit Types (8)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Max Rent: 1100
Market Rent: 1100

# of Unit Types (9)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Max Rent: 1100
Market Rent: 1100

# of Unit Types (10)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 709
Actual Rent: 1000
Max Rent: 1100
Market Rent: 1100

Unit Summary

Total Units: 10
Average Unit Size: 709
Average Actual Rent: 795
Annualized: 95400
Total Actual Rent: 7950

Property Features

Construction Materials: Brick; Frame Build Description: Resale Amenities: Outside Lights; Security Gate; Some Landscaping; Wshr/Dryr HU in Unit Appliances included: Disposal; Free-Standing Gas Range; Gas Dryer Hookup; Microwave; Refrigerator Utilities: Electricity Available; Natural Gas Available; Water Connected Heating: Ductless Cooling: Ductless Flooring: No Carpet; Vinyl Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign; Pets Limited Metering: Individual Electric; Individual Gas Operating Expenses: Insurance; Miscellaneous; Property Management; Repairs/Maintenance; Utilities Owner Pays: Maintenance; Sewer; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 2+Spaces Per Unit Roof: Metal Rental Info: Current Lse Agreemnt; Deposits; Late Fees; Rental History Avail; Yearly Lease Finance Considered: Cash; Conventional Source: Owner Provided Showing Requirements: Call Listing Agent Zoning: M-R

Listing Office: Weichert, Realtors Image

Last Updated: September - 14 - 2026

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