Two Houses on Eight
25 JENNIFER Street, Belen, NM 87002
- Added:
- Oct 2, 2025
- Days on Market:
- 245
- Last Refresh:
- Jun 3 at 6:06 am
Property Features for 25 JENNIFER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4
- 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 agent Clarissa Chavez-Rivera License #11406 (505) 450-6682
Listing office Gerald Chavez Realty Inc 511 Highway 314 SW, Los Lunas, NM (505) 865-4671
Listing date Oct 2, 2025
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.
HighLights
- Two houses on 8 acres (three lots) offering multiple living options or rental income potential.
- House A: 2358 SF with 3 bedrooms and 3 bathrooms (en suites), showcasing a southwestern architectural style with a kiva fireplace, exposed adobe, and trombe wall.
- House A includes a workshop/storage (18x50) and a 2‑car carport.
- House B: 1103 SF with 2 bedrooms and 1 bathroom, providing a separate living space.
- Well supports both houses.
- Vacant lot of 2.5 acres included (UPC 1010022450060000000).
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Single family properties
Map
- City
- Belen
- County
- Valencia
- State
- New Mexico
- Longitude
- -106.714205
- Latitude
- 34.566474
Nearby Similar for Sale
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 houses on 8 acres (three lots) offering multiple living options or rental income potential.; House A: **2358 SF with 3 bedrooms and 3 bathrooms (en suites)**, showcasing a southwestern architectural style with a kiva fireplace, exposed adobe, and trombe wall.; House A includes a workshop/storage (18x50) and a 2‑car carport.
