1407 W Hank Ave, Artesia, NM, 88210
About This Home
Excellent investment opportunity** 4-Unit multifamily property featuring one 1-bedroom, two 2-bedroom and one 3-bedroom units. Large front porch. Split Units added in all units in 2024. New Roof in 2024. This property offers a strong combination of current income and long term value. Don't miss your chance to acquire a value-add asses in a steady rental market. 100% Occupied.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Free-Standing Range,Refrigerator,Gas Water Heater
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Window features: Blinds
Interior Area
- Total structure area: 3,159
- Total interior livable area: 3,159 sqft
Property
Details
- Parcel number: 4151098463361 & 4151098468361
Features
- Levels: One
Lot
- Lot size: 7,300 sqft
- Lot size dimensions: 55" x 132.75"
Parking
- Total spaces: 4
- Parking features: Open
- Has uncovered spaces: Yes
- Uncovered spaces: 4
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
- Winter Weather
- Inland Flooding
- Lightning
- Strong Wind
- Cold Wave
- Hail
- Heat Wave
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters in Eddy 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 | $1,436 | $17,232 |
| Home Insurance * | $246 | $2,952 |
| Property Taxes | $509 | $6,108 |
| Electricity | $224 | $2,695 |
| Total | $2,415 | $28,980 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Price change | $284,000 |
| 2026-02-16 | Listed for sale | $289,000 |
| 2026-02-08 | Pending sale | $289,000 |
| 2025-10-18 | Listed for sale | $289,000 |
| 2025-10-18 | Listing removed | $289,000 |
| 2025-10-16 | Listed for sale | $289,000 |
| 2025-07-30 | Listing removed | $850 |
| 2025-07-18 | Listed for rent | $850 |
| 2025-06-24 | Listing removed | $975 |
| 2025-06-04 | Listed for rent | $975 |
| 2025-04-09 | Listing removed | $800 |
| 2025-03-14 | Price change | $800 |
| 2025-03-07 | Listed for rent | $825 |
| 2024-01-05 | Listing removed | -- |
| 2023-12-14 | Price change | $1,000 |
| 2023-12-01 | Listed for rent | $1,100 |
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