2510/2530 S Espina ST, Las Cruces, NM 88001
2510/2530 S Espina ST, Las Cruces, NM 88001
2510/2530 S Espina ST, Las Cruces, NM 88001
2510/2530 S Espina ST, Las Cruces, NM 88001
2510/2530 S Espina ST, Las Cruces, NM 88001
2510/2530 S Espina ST, Las Cruces, NM 88001
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Carl Krause

Carl Krause

+1(575) 495-2244
$ 1,700,000
Est. payment | /mo

1.45 Acres Lot

Save
$ 1,700,000
Est. payment | /mo
Save

1.45 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment Complex

Listing Status Active

Purchase Type For Sale

Subdivision Lester Addition

MLS Listing ID 2603208

Year Built 1900

Lot Size 1.450 Acres

Acres 1.45

Lot Dimensions 1.01 to 1.5 AC

Property Sub-Type Apartment Complex

Source lascruces

Property Description

Excellent investment property located just two blocks from NMSU! 2510 & 2530 S Espina is a 21-unit multifamily compound featuring studios, one-bed, and larger units with historic charm--hardwood floors, plaster walls, and landscaped courtyards. Rents average $689 against a market of $874, offering clear upside. Recent upgrades include new roof (2021), solar panels, drip irrigation, exterior lighting, and updated fixtures. Tenants enjoy secure storage, ample parking, and proximity to University Avenue dining, healthcare, and major employers. Offered at $1,700,000 with a 6.08% cap rate, this campus-adjacent asset qualifies for Ventana Fund financing and sits on +/-1.44 acres of R-3-zoned land. A rare chance to own a stabilized, character-rich property priced below replacement cost in the heart of Las Cruces.

Location

State NM

County Dona Ana

Interior

Heating Electric, Forced Air, Gas Available

Cooling Evaporative Cooling, Window Unit(s)

Fireplace N

Appliance Range, Refrigerator

Exterior

Parking Features None

Fence Chain Link, Rock

Roof Type Asphalt,Shingle,Flat

Building

Foundation Laminate/Wood Floors, Ceramic Tile

Sewer Public Sewer

Water Public

Structure Type Adobe,Stucco

Others

Acceptable Financing Conventional

Listing Terms Conventional

©2026 The Las Cruces Association of REALTORS®, Inc. All rights reserved.
Listed by Property Mgt & Investments of NM

LasCrucesHomeTeam.com

Carl Krause
Carl Krause
Broker Associate License ID: REC-2023-0607

+1(575) 495-2244

Sonoma Ranch Blvd, Las Cruces, NM 88011, USA

https://lascruceshometeam.com

Top Clicks - Las Cruces
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GET MORE INFORMATION

Carl Krause
Carl Krause

Broker Associate License ID: REC-2023-0607

+1(575) 495-2244

Sonoma Ranch Blvd, Las Cruces, NM 88011, USA

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REVIEWS

  • Ronnie & Carl our team of Realtors. Help us find our forever, home Walked us through the process of everything. And made a seamless transaction. If you’re looking for a realtor, we highly recommend Ronnie and Carl. They will work effortlessly to help you find your home. Jerry & Debbie

    Debbie Wilbanks

  • We recently purchased a condo in Santa Fe. Although our broker was from Santa Fe, we were fortunate to be able to utilize Carl Krause’s extensive knowledge of real estate transactions to help us navigate the purchase. It gave us peace of mind knowing we had a trusted ally from our home town to advise us on the process. Thank you Carl!

    Carol Placchi

  • Had a great experience buying my house with this team. I was selling my place in Colorado and couldn’t be in Las Cruces to look at houses. Carl was so helpful getting together a list of houses - in a spreadsheet ! that included all the information about each house. Then he took the time to set up appointments and FaceTime me with the walkthroughs. Finally sold my place and with the help of Carl and Ronnie, was able to close on a great house here in record time!

    M H

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2510/2530 S Espina ST