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4 Beds
3 Baths
1,850 sqft

$399,000

406 Friedman Ave, Las Vegas NM, 87701

Price per sqft$215.68
Built in1951
Property size1,850 sqft
Property typeResidential
Courtesy of Raedawn Price with Oso Elite Realty

Overview

Active

Listed Oct 29, 2026

Updated 3 days ago

Ideal live-plus-income or investment property perfectly positioned for New Mexico Highlands University (NMHU) students, faculty, and staff-or families wanting quick access to the university and Robertson High School, or medical facilities. The layout also supports multigenerational living. The front duplex includes a 2-bedroom residence with its own living space and updated kitchen, paired with a separate 1-bedroom unit that features its own private entrance, independent access, and a shared yard space. In the back, the 1-bedroom casita offers a self-contained living area with its own entrance, giving it full privacy from the main house. The entire property has been recently stuccoed with thoughtful upgrades throughout, including on-demand water heaters, hardwood floors, and an updated kitchen with island. This creates strong rental demand from medical providers, university students (roommates or individual rooms), graduate students, faculty, and staff who prefer walking or short commutes. Investors can occupy one portion and lease the rest, or fully lease to the university community for consistent cash flow. Owners can also live in one unit while generating income from the others-or use the flexible layout for multigenerational living alongside rental potential. This property is an amazing opportunity right in the center of town. Schedule your showing today!

$2,655/mo

Est. mortgage payment based on a $399,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26002057

Interior Features

Bedrooms
4
Bathrooms
3
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$1,112
Tax Frequency
Annually
55+/Senior Community
No
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Property information should be verified by buyer. Listing information provided in part by the New Mexico Association of REALTORS®. Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the New Mexico Association of REALTORS®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Linda Joyce shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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