Multi Family Investment Properties for Sale in Portales, NM
133- 1 Bed
- 1 Bath
- - sft
114- - Bed
- - Bath
- 840 sft
456- - Bed
- - Bath
- - sft
396- 2 Bed
- 1 Bath
- 804 sft
190- 3 Bed
- 2 Bath
- 1256 sft
198- 3 Bed
- 1 Bath
- 1301 sft
216- 2 Bed
- 2 Bath
- 900 sft
166- 3 Bed
- 1 Bath
- 1080 sft
216- 3 Bed
- 2 Bath
- 1288 sft
174- 2 Bed
- 2 Bath
- 1088 sft
170- 3 Bed
- 2 Bath
- 1710 sft
215- 4 Bed
- 3 Bath
- 1870 sft
168- 4 Bed
- 2 Bath
- 1160 sft
165- 3 Bed
- 1 Bath
- 1342 sft
-- 1 Bed
- 1 Bath
- 208 sft
191- 4 Bed
- 3 Bath
- 3466 sft
172- 1 Bed
- 1 Bath
- 1188 sft
-- 2 Bed
- 1 Bath
- 984 sft
185- 3 Bed
- 2 Bath
- 1984 sft
215- 3 Bed
- 2 Bath
- 1255 sft
201- 3 Bed
- 2 Bath
- 1616 sft
212- - Bed
- 2 Bath
- 1500 sft
190- 2 Bed
- 1 Bath
- 1006 sft
215- - Bed
- - Bath
- - sft
171- 3 Bed
- 2 Bath
- 1120 sft
177- 3 Bed
- 2 Bath
- 1108 sft
-- 4 Bed
- 2 Bath
- 2080 sft
Why Invest in Portales, New Mexico?
Portales, NM offers strong potential for multi-family investments with rising rental demand driven by Eastern New Mexico University and local agriculture. Average rents have increased 18.55% year-over-year, supporting solid cash flows around $9,900 annually per property. Cap rates hover near 8-9% amid stable appreciation and a renter-occupied rate over 45%. Low vacancy and quick market turnover make it ideal for scaling portfolios in this affordable market. Investors benefit from consistent demand without coastal price volatility.
Frequently Asked Questions
Strong student and agricultural demand drives 18% rental growth and 8.5% cap rates. Affordable entry prices around $180k per unit yield solid cash flow. Low competition enhances long-term appreciation.
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