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    400 S Manchester Ave Hagerman, NM 88232

    For Sale
    $177,500

    Multi Unit 2-4 - Hagerman, NM

    Lot size:
    0.38 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 6 at 11:06 pm

    Property Features for 400 S Manchester Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    4148082212012000000
    Lot size
    0.38 Acres

    Building Details

    Floors in Building
    1
    Number of units
    3
    Building materials
    Frame, Stucco
    Roof type
    Metal
    Architectural style
    Other

    Lois Oliver Real Estate, Inc. (575) 748-9735 [email protected]

    Listing agent Fabiola Sotelo (575) 748-9735

    Listing date Sep 24, 2025

    MLS# 20251646 Listing URL

    Copyright © 2025 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hagerman Multi-Unit Income Property

    This multi-unit property, located in Hagerman, NM, presents an investment opportunity with rental income potential. The property features three dwellings: a studio apartment, a one-bedroom unit, and a two-bedroom unit. The lot size is 0.382 acres. This property allows for the possibility of residing in one unit while generating rental income from the other two.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Clothing Store Nail Salon Auto Parts Store Food Market Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hagerman
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.329237
    Latitude
    33.110212

    Nearby Similar for Sale

    • $945,255
      9,289 SF

      Established Retail Property in Hagerman

      Retail property with long-term tenant in Hagerman, New Mexico.
      602 B Argyle St, Hagerman, NM
      View Details
    • $945,255
      9,289 SF

      602b Argyle St

      Individual retail properties • 9,289 SF
      602b Argyle St, Hagerman, NM 88232
      View Details

    FAQs

    What type of property is this?
    Triplex - Multi-unit property in Hagerman, NM with rental income potential.
    Where is this triplex located?
    The property is located at 400 S Manchester Ave Hagerman, NM.
    What is the asking price?
    The asking price for this property is $177,500.
    What are key features of this property?
    This property features: - Rent producing property; - Three dwellings: studio, 1 bedroom, and 2 bedroom; - Potential to live in one unit and rent the other two
    (575) 748-9735
    Request Owner's contact information
    400 S Manchester Ave Hagerman, NM 88232
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    Hagerman, NM 88232
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 S Manchester Ave Hagerman, NM 88232
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