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1029 N Melendres St, Las Cruces, NM, 88005

2beds
--baths
851sqft
$270,000
$317price/sqft
$1,773/moest. monthly cost
$70,920/yrincome needed

About This Home

Two separate parcels with zero lot line create this 1971 duplex opportunity at 1029 & 1031 N Melendres.1029 N Melendres offers 851 sq ft with 3 bedrooms and 2 bathrooms plus a carport.1031 N Melendres provides 690 sq ft with 2 bedrooms and 1 bathroom.Both units feature evaporative coolers. Total combined living space is 1,541 sq ft. Ideal for owner-occupant or investor seeking rental income in a convenient location.

Getting Around

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
66
BikeBikeable

Schools

6/10
Alameda Elementary SchoolGrades PK-50.3 mi
6/10
Sierra Middle SchoolGrades 6-81.7 mi
7/10
Mayfield High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1971

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Range

Bedrooms & Bathrooms

  • Bedrooms: 2

Features

  • Flooring: Flooring Foundation: Slab

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Evaporative Cooling

Interior Area

  • Total structure area: 851
  • Total interior livable area: 851 sqft

Property

Details

  • Parcel number: 4006134429494

Lot

  • Lot size: 0.32 Acres
  • Lot size dimensions: .25 to .50 AC

Parking

  • Parking features: Carport,On Street
  • Has uncovered spaces: Yes

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
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Winter Weather
Cold Wave
Hail
Heat Wave

FEMA Declared Disasters in Doña Ana County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

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

MonthlyAnnual
Mortgage $1,365$16,380
Home Insurance *$116$1,392
Property Taxes $144$1,728
Electricity $148$1,780
Total$1,773$21,276
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$60,788/yr
40% on housing$53,190/yr
45% on housing$47,280/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

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.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$317This listing

vs Other Active Listings

Avg $/sqft

ZIP 88005$147
Doña Ana County$171

vs Homes Sold Last Month

Median $/sqft

ZIP 88005$176
Doña Ana County$182

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

DateEventPrice
2026-04-03Price change$270,000
2026-01-26Listed for sale$285,000

For Sale by Agent

AgentLuke Gabriel Johnson
BrokerageThe Palms Realty

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