Multi Family Investment Properties for Sale in Clovis, NM
Currently Rented
Rental Income
$ 145,000
ROI
25.0
Cash Flow/m
210- 2 Bed
- 1 Bath
- 2378 sft
1217 Ross St, Clovis, NM, 88101
$ 265,000
ROI
20.8Cash Flow/m
78- 2 Bed
- 2 Bath
- 1668 sft
300 Cortez St, Clovis, NM, 88101
$ 265,000
ROI
20.8Cash Flow/m
77- 2 Bed
- 2 Bath
- 1668 sft
308 Cortez St, Clovis, NM, 88101
$ 265,000
ROI
20.9Cash Flow/m
81- 2 Bed
- 2 Bath
- - sft
312 Cortez St, Clovis, NM, 88101
Why Invest in Clovis, New Mexico?
Multi-family properties in Clovis, NM offer strong investment potential with steady rental demand from Cannon Air Force Base personnel and local workforce. Average rents around $900 support solid cash flows, while cap rates hover at 7-8%. Annual appreciation of 3-4% and high renter occupancy near 40% make it attractive. Low entry prices for duplexes under $300k enable accessible scaling. Stable economy drives consistent returns for hands-off investors.
9.2%
Avg. ROI
7.5%
Rental Yield
7.8%
Cap Rate
$18500/mo
Avg. Cash Flow
$925/mo
Avg. Rent
3.4%
1Y Appreciation
Frequently Asked Questions
Cannon Air Force Base drives primary demand with stable military tenants. University students and healthcare workers add consistent occupancy. Renter rates exceed 39% per Census data.
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