201 Lincoln Ave, Grants, NM, 87020
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1976
Materials
- Construction materials: Brick,Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Free-Standing Gas Range,Disposal,Microwave,Refrigerator
- Laundry features: Washer Hookup,Dryer Hookup,GasDryer Hookup,In Unit
Bedrooms & Bathrooms
- Bedrooms: 20
- Bathrooms: 10
Features
- Flooring: Carpet Free,Vinyl
Heating & Cooling
- Heating features: Ductless
- Cooling features: Ductless
Interior Area
- Total structure area: 7,090
- Total interior livable area: 7,090 sqft
Property
Details
- Parcel number: 2055062151437
- Zoning description: M-R
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping,Lighting
Lot
- Lot size: 0.40 Acres
Parking
- Total spaces: 20
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
- Lightning
- Cold Wave
- Inland Flooding
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Cibola 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 | $5,562 | $66,744 |
| Home Insurance * | $713 | $8,556 |
| Property Taxes | $430 | $5,160 |
| Electricity | $504 | $6,049 |
| Total | $7,209 | $86,508 |
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 |
|---|---|---|
| 2026-07-09 | Listed for sale | $1,100,000 |
| 2025-04-07 | Listing removed | $995 |
| 2025-03-19 | Listed for rent | $995 |
| 2025-03-19 | Listing removed | $995 |
| 2025-02-02 | Listed for rent | $995 |
| 2024-04-12 | Sold | -- |
| 2024-02-21 | Pending sale | $550,000 |
| 2023-09-12 | Listed for sale | $550,000 |
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