1412 8th St, Las Vegas, NM, 87701
About This Home
Income-generating duplex featuring two units totaling 1,880 sq ft. The main unit offers 1,306 sq ft with 2 bedrooms, 1 bathroom, and a bonus room located past the laundry room suitable for office, storage, or workspace. The larger unit also includes a generous partially finished basement for additional storage. The secondary unit provides 574 sq ft with 1 bedroom and 1 bathroom. The property includes a long driveway accommodating parking for both units. Both units have recent rental history, with potential to benefit from modern updates. This property offers multiple investment strategies: maintain as a rental property with existing tenant income, use as owner-occupied investment by living in the larger unit while collecting rent from the smaller unit, or develop as a family compound. Located near restaurants and shopping for convenience, also walking distance to Highlands University - convenient for student tenants! Ready for buyer's updates and improvements to maximize potential. ***ALL OFFERS CONSIDERED***
Getting Around
Somewhat Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Construction materials: Frame,Stucco
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Basement,Pantry
- Flooring: Laminate
Heating
- Heating features: Space Heater
Interior Area
- Total structure area: 1,811
- Total interior livable area: 1,811 sqft
Property
Details
- Parcel number: R0063380
Features
- Stories: 1
- Topography of land: Irregular Lot
Lot
- Lot size: 8,276 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Winter Weather
- Cold Wave
- Hail
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in San Miguel County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $656 | $7,872 |
| Home Insurance * | $110 | $1,320 |
| Property Taxes | $50 | $600 |
| Electricity | $148 | $1,780 |
| Total | $964 | $11,568 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-06 | Price change | $121,000 |
| 2026-07-09 | Price change | $129,900 |
| 2026-06-23 | Price change | $139,900 |
| 2026-06-07 | Price change | $143,900 |
| 2026-05-04 | Price change | $153,900 |
| 2026-03-18 | Price change | $157,900 |
| 2026-02-25 | Pending sale | $166,900 |
| 2026-02-19 | Price change | $166,900 |
| 2026-01-14 | Price change | $170,000 |
| 2025-12-04 | Price change | $175,000 |
| 2025-10-10 | Price change | $178,000 |
| 2025-09-17 | Listed for sale | $180,000 |
View on Zillow