About 201 Lincoln Avenue
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.
Features of 201 Lincoln Avenue
| MLS® # | 1106959 |
|---|---|
| Price | $1,100,000 |
| Original Price | $1,100,000 |
| Price Per Sq.Ft. | $155.15 |
| Bedrooms | 20 |
| Bathrooms | 10.00 |
| Square Footage | 7,090 |
| Acres | 0.40 |
| Year Built | 1976 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
| Is Green | No |
| Guest House | No |
Community Information
| Address | 201 Lincoln Avenue |
|---|---|
| Area | 390 - Cibola |
| City | Grants |
| County | Cibola |
| State | NM |
| Zip Code | 87020 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet Free, Vinyl |
|---|---|
| Appliances | Free-Standing Gas Range, Disposal, Microwave, Refrigerator |
| Heating | Ductless |
| Cooling | Ductless |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Landscaping, Lighting |
|---|---|
| Construction | Brick, Frame |
| Builder | Unknown |
Additional Information
| Date Listed | July 9th, 2026 |
|---|---|
| Days on Market | 62 |
| RE / Bank Owned | No |
| Finance Considered | Cash, Conventional |
| Current Taxes | $6,382 |
Listing Details
| Office | Weichert, Realtors Image |
|---|