806 W 16th St Portales, NM 88130
Property details
About 806 W 16th St
Valencia Apartments is a stabilized, 17-unit multifamily asset located just two blocks from Eastern New Mexico University. The 12,865 square foot property is currently operating at 88% occupancy and producing a Net Operating Income (NOI) of $95,780, equating to a 7.42% cap rate based on actuals. Value-Add/Upside: Current rents are below market. Adjusting rents to market levels positions the asset to achieve a projected 9.21% cap rate. Other improvements include fenced yard space, online presence and upgraded driveways. The property was completey renovated 4 years ago. Renovations include new roofs, flooring, mini split HVAC systems, In-Unit washer and dryers, Bathroom vanities and lighting thoughout. A Property Management company is in place to continue oversight. Historically, the property has demonstrated strong tenant demand and low turnover. Proximity to ENMU supports consitent leasing performance.
Highlights
Summary
- Basement: No
- Interior: No Interior Steps
- Architectural Style: One Story
- Heating: Heat Pump
- Cooling: Ductless, Central Air
- List Price: $1,290,000
- Annual Tax Amount: $3,606
- Tax Year: 2023
- Year Built: 1971
- Lot Size: 1.62 Acres
- MLS Number: 202502339
- MLS Name: SFAOR
- Office Name: Real Estate Advisors, LLC
- Office Phone: (505) 539-3200
- Listing Agent: Jacob Rocker
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/10/2025, 12:55:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,290,000
806 W 16th St
$10,000
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $139,897 | $3,606 |
| 2022 | $135,822 | $3,311 |
| 2021 | $118,680 | $3,311 |
| 2020 | $64,301 | $2,888 |
| 2019 | $64,301 | $1,570 |
| 2018 | $112,332 | $2,751 |
| 2017 | $109,060 | $2,671 |
History based on county public records data.
Nearby schools
8
Valencia Elementary School
Public District 3-4
0.9 mi
•1415 S Globe Ave
8
Floyd Elementary School
Public District PK-4
13.8 mi
•1564 New Mexico 267
7
Dora Elementary School
Public District PK-6
16.2 mi
•100 School St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,234. The majority of Portales, NM residents have income less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
College Football
Motocross
Where do the neighbors shop?
Academy Sports & Outdoors
Express/Express For Men
GameStop
Where do the neighbors go to eat?
Little Caesars
Sonic
Bob Evans
What do the neighbors drive?
Chevrolet
Kia
Jeep
What do the neighbors listen to?
Country
New Country
Oldies
Frequently asked questions
About 806 W 16th St
The listing price of 806 W 16th St property is $1,290,000.
The property 806 W 16th St is a multi located in Portales, New Mexico, 88130.
Active Listing: 806 W 16th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 806 W 16th St are: Valencia Elementary School (GreatSchools Rating 8/10), Floyd Elementary School (GreatSchools Rating 8/10), Dora Elementary School (GreatSchools Rating 7/10), Portales Jr High School (GreatSchools Rating 6/10), Lindsey-Steiner Elementary School (GreatSchools Rating 5/10), Floyd Middle School (GreatSchools Rating 4/10), Portales High School (GreatSchools Rating 5/10), Floyd High School (GreatSchools Rating 4/10), Dora High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $3,606 (source: MLS/based on county public records data).
The year of construction for 806 W 16th St is 1971.
This home is located at 806 W 16th St in Portales, NM and zip code 88130. Features: 0 bathroom. It has been listed on Rocket Homes since May 27, 2025 and is currently priced at $1,290,000.