Two Houses on Eight
25 JENNIFER Street Belen, NM 87002
25 JENNIFER Street, Belen, NM, 87002
$399,900
For Sale
$399,900
MULTI_FAMILY - Belen, NM
Property Size3,461 SF
Lot Size8.00 Acres
Price / SF$115.54
Days on Market291
Property Features for 25 JENNIFER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3
- Window features
- Skylight(s)
- Interior features
- CeilingFans, Skylights
- Exterior features
- PropaneTankOwned
- Appliances
- Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, Washer
- Standard status
- Active
- APN
- 1010022505060000000
- Size
- 3,461 SF
- Lot size
- 8.00 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2098
Utilities
- Utilities
- Propane
- Heating system
- Wood, Wood Stove, Electric (Heating)
- Cooling system
- Multi Units, Ceiling Fan(s)
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Frame, Stucco
Listing Agency
Gerald Chavez Realty Inc
(505) 865-4671
511 Highway 314 SW, Los Lunas, NM
Listed by
Clarissa Chavez-Rivera · License #11406
(505) 450-6682
Added: Oct 2, 2025 Checked: Jul 19 at 1:06 am
MLS# 1092410
Listing URL
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features two southwestern-styled houses situated on 8 acres, comprising three lots. House A offers 2358 square feet of living space, including 3 bedrooms, each with its own en suite bathroom. The residence boasts a large living room with a kiva fireplace and expansive picture windows. The island kitchen features a snack bar, complemented by a spacious dining area with ample cabinet space. Architectural details include exposed adobe and a trombe wall for passive solar heating. This house also has a 2-car carport and an 18x50 workshop/storage area, all situated on 3 acres. House B provides 1103 square feet of living space, with 2 bedrooms and 1 bathroom. It includes a large living room with a wood stove and a formal dining area adjacent to the kitchen. This house is located on a 2.59-acre lot. Additionally, the property includes a vacant 2.5-acre lot. A well supports both houses.
Key Highlights
- Two southwestern‑style houses on 8 acres across three lots
- House A: 2,358 SF with 3 bedrooms, 3 bathrooms (en suites) plus a 2‑car carport
- House A features a huge living room with kiva fireplace, large picture windows, island kitchen with snack bar, and skylights
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $14.76 |
| − Vacancy | −$3.1k | −$0.89 |
| EGI | $48.0k | $13.87 |
| − OpEx | −$21.6k | −$6.24 |
| NOI | $26.4k | $7.63 |
3,461 SF · lease $14.76/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$377.3K
$330.1K – $440.2K
NOI $26,411 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$715.7K
$626.2K – $834.9K
NOI $50,096 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Two southwestern-style houses with workshop on 8 acres.
Where is this single family property located?
The property is located at 25 JENNIFER Street Belen, NM.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two southwestern‑style houses on 8 acres across three lots; House A: 2,358 SF with 3 bedrooms, 3 bathrooms (en suites) plus a 2‑car carport; House A features a huge living room with kiva fireplace, large picture windows, island kitchen with snack bar, and skylights
