1 of 5

2 of 5

3 of 5

4 of 5

5 of 5

•  Media
• Map
• Street View

1403-1509 W Hank Ave
Artesia, NM 88210

$1,392,000 USD

Apartments For Sale  •  15,795 SF

Property Details

• Property Type Apartments
• Total Building Size 15,795 SF
• Lot Size 1.99 AC
• Building Class C
• Year Built 1962

0 Transit Score

55 Walk Score

Highlights

20-unit quadplex portfolio (5 buildings)

9% 12-Month Trailing Cap Rate

Average price: $69,600 per unit

Tenants pay electric & gas (individually metered), Owner pays water only (master metered)

Most units remodeled in 2024/2025 with split HVAC units installed

Offered individually or as a portfolio

Amenities

• Air Conditioning
• Heating
• Ceiling Fans
• Kitchen
• Refrigerator
• Oven
• Tub/Shower
• Porch
• Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Roswell Air Center	48 min	-	38.0 mi