New Mexico Apartment Buildings for Sale

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Albuquerque, NM Santa Fe, NM Farmington, NM Las Cruces, NM Rio Rancho, NM Taos, NM Santa Teresa, NM Belen, NM

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Updated: May 13

Albuquerque Multifamily Investment Opportunity

3505 Lafayette Drive NE, Albuquerque, NM 87107

$950,000

9,100 sqft 0.38 AC lot

7‑apartment townhome‑style building with two‑story 2‑bedroom, 1.5‑bath floorplans
Each apartment offers 1,300 SF of living space with large living areas and woodburning stoves
Updated kitchens include dishwashers and electric ranges
Separate large utility rooms feature washer/dryer hookups or an included washer/dryer
Apartments are separately metered for gas and electric and have forced central heating

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3505 Lafayette Drive NE, Albuquerque, NM 87107

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Est. Cap Rate

8.1%
Above avg (5.9%)
Est. NOI

$77K
Annual
Mortgage

$690K
Mar 2020
Property Type

Residential Income
Built 1978

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Updated: Jun 29

Nine-Unit Multifamily Property

6720 Cochiti Road SE, Albuquerque, NM 87108

$579,000

4,300 sqft 0.31 AC lot

Nine‑unit multifamily property near Albuquerque’s historic State Fair / EXPO NM
About 400 feet due south of the center of the current State Fair grounds
Construction materials include block, frame, and stucco
Tile flooring
Year built: 1950

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Renovated Multifamily Property with Courtyard

201 Lincoln Avenue, Grants, NM 87020

$1,100,000

7,090 sqft 0.40 AC lot

Renovated units with 2024 mini-split HVAC and washer/dryer hookups, plus a secure gated courtyard.

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Multi-Unit Adobe Retreat Compound

18 Destierro Trail, Pojoaque, NM 87506

$2,749,000

8,894 sqft 3.84 AC lot

Adobe retreat compound with a six-bedroom hacienda, a separate three-bedroom residence, and a circular sanctuary with radiant in-floor heat.

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Mixed-Use Arts Residency Property

4 N Chamisa, Santa Fe, NM 87508

$1,599,000

4,815 sqft 2.32 AC lot

Extensively renovated campus combines gallery, private art studios, and residential apartments with direct Highway 285 access.

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Multi-Family 8-Unit Portfolio

309-313 Geraldine Loop SE, Rio Rancho, NM 87124

$1,030,000

6,684 sqft 0.57 AC lot

Two separately parceled 4-plex buildings totaling eight 2-bedroom, 1-bath units are offered for sale together.

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Two-Plex 8-Unit Apartment Portfolio

55-65 Darlene Road SE, Rio Rancho, NM 87124

$1,030,000

6,620 sqft 0.41 AC lot

For sale: two separately parceled 4-plex buildings totaling eight 2-bedroom, 1-bath units.

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Mixed-Use Office and Apartments

2325 Cerrillos, Santa Fe, NM 87505

$1,900,000

24,000 sqft

Three-story building with 24 apartments above and ground-floor office spaces currently available for lease.

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Soft-Gated Multifamily Community

8600 Zuni Road SE, Albuquerque, NM 87108

$1,793,434

16,020 sqft 1.00 AC lot

Well-maintained apartments with modern upgrades, secured outdoor areas, and a large community laundry room with free machines.

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Santa Fe Multifamily Investment Opportunity

3226 Rufina Street, Santa Fe, NM 87507

$3,041,053

11,440 sqft 0.88 AC lot

Multifamily property near Meow Wolf with diverse unit sizes.

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Renovated Apartment Building with TPO Roofs

1035 East High Street, Grants, NM 87020

$1,350,000

17,000 sqft

Most units remodeled with new VCT flooring, paint, and updated kitchens; all roofs replaced with TPO within five years.

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Updated 7-Unit Apartment Compound

1003-1005 Carlisle Boulevard SE, Albuquerque, NM 87106

$1,008,490

4,805 sqft 0.18 AC lot

For sale includes a four-plex and tri-plex packaged on two parcels at 1003–1005 Carlisle Boulevard SE.

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UNM Area Apartment Complex

2104 Lead Avenue SE, Albuquerque, NM 87106

$619,887

2,670 sqft 0.16 AC lot

Eight-unit apartment complex near UNM, CNM, and Presbyterian Hospital.

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Mixed-Use Arts Hospitality Building

4 N Chamisa Dr, Santa Fe, NM 87508

$1,599,000

4,815 sqft 2.32 AC lot

Extensively renovated building with a front gallery/event space, apartments, and private art studios.

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Three-Building Multifamily Property

807 8th Street NW, Albuquerque, NM 87102

$990,000

3,201 sqft 0.20 AC lot

Three buildings with 13 parking spaces and separately metered gas/electric for multiple units.

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Historic Multi-Unit Opportunity in Socorro

303 Eaton Avenue, Socorro, NM 87801

$450,000

4,023 sqft 1.06 AC lot

Historic multi-unit property with income-producing potential in Socorro, NM.

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Fully Stabilized Furnished Multifamily

511 Spruce Street Southeast, Albuquerque, NM 87106

$850,000

3,749 sqft

Fully occupied multifamily with furnished units and renovations including new roofs, HVAC, appliances, and updated interiors.

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Santa Fe Multifamily Investment Property

3120 Jemez Road, Santa Fe, NM 87507

$809,000

3,436 sqft 0.27 AC lot

Fully occupied 5-plex with long-term tenants in Santa Fe.

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Retail Building and Condominium Property

9368 Valley View Drive NW, Albuquerque, NM 87114

$5,500,000

5,046 sqft

High-traffic corridor retail space leased to Anytime Fitness, paired with 13 two-bedroom, 2.5-bath condominium units behind.

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Historic Commercial Complex in Silver City

301 W College Avenue, Silver City, NM 88061

$1,200,000

15,515 sqft 0.91 AC lot

Unique commercial complex near downtown and WNMU, Silver City, NM

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Twelve-Unit Apartment Complex

708 N Fifth Street, Carlsbad, NM 88220

$1,400,000

9,088 sqft

Well-maintained two-story complex with fully furnished units and on-site laundry, currently 100% occupied.

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New Multifamily Apartment Complex

920 Shoofly Street, Santa Fe, NM 87505

$5,450,000

15,995 sqft 0.65 AC lot

Newly built complex features 18 one- and two-bedroom apartments completed in 2023.

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Multifamily Property with Strong Upside

1225, 1237 Menaul Blvd NW, Albuquerque, NM, USA, Albuquerque, NM 87107

$1,125,000

6,800 sqft

Fully occupied multifamily property with renovated units and rent upside.

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Turnkey 6-Plex in Albuquerque

426 Towner Avenue NW, Albuquerque, NM 87102

$565,000

3,191 sqft 0.24 AC lot

Fully occupied 6-plex with low vacancy and high demand.

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New Mexico Apartment Buildings Market Trends and Statistics

Explore 81 apartment buildings for sale in New Mexico, showcased through 81 active listings on our real estate platform. These investment opportunities span a total of 539,488 square feet of properties for sale, with an estimated market value of $112,263,474.

Sale prices for two-family homes in New Mexico start at $279,000, averaging $1,902,770, and reaching up to $6,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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