Login

212 S Shipp Street, Hobbs, NM 88240

Hobbs
Local realty services provided by:CENTURY 21 Dunagan Associates
212 S Shipp Street,Hobbs, NM 88240
$975,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: matthew smith
Office: found real estate
MLS#:20261733
Source:NM_RANM

Price summary

  • Price:$975,000

About this home

This 12-unit multifamily property located at 212 S Shipp Street in Hobbs, New Mexico offers a fully stabilized investment opportunity with 100% occupancy and consistent in-place income. The property has demonstrated reliable performance with $96,000 in annual rental income and strong tenant demand in the Hobbs market, making it an attractive option for investors seeking immediate cash flow. Financial Overview Annual Rental Income: $96,000 Net Operating Income: ~$67,575 (before debt service) Occupancy: 100% Investment Highlights Fully occupied asset with stable tenant base Consistent income with no current vacancy Located in Hobbs with strong rental demand tied to the energy sector Simple, easy-to-manage property Owner financing available, providing flexible acquisition options Offered at $975,000 (~$81,250 per unit), this is a stabilized multifamily asset with immediate cash flow and flexible financing options in one of Southeastern New Mexico’s strongest rental markets.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1960
  • Listing ID #:20261733
  • Added:65 day(s) ago
  • Updated:May 30, 2026 at 03:13 PM

Structure and exterior

  • Year built:1960

Finances and disclosures

  • Price:$975,000
  • Tax amount:$8,771 (2025)

New listings near 212 S Shipp Street