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    415 E Washington St Tucumcari, NM 88401

    For Sale
    $985,000

    Contemporary,Pueblo,Territorial, Multi Unit 5+ - Tucumcari, NM

    Property size:
    15,964 SF
    Lot size:
    2.07 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 415 E Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    10
    APN
    117906348201200
    Parking
    11
    Parking features
    Covered, Guest
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Pantry, Walk-In Closet(s)
    Exterior features
    Landscaped, Sidewalk, Yard Art, Patio
    Fireplace
    1
    Appliances
    Dryer, Range, Refrigerator
    Size
    15,964 SF
    Lot size
    2.07 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Floors in Building
    1
    Number of units
    10
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Brick, Stone
    Roof type
    Flat, Shake
    Architectural style
    Contemporary

    WEICHERT, REALTORS - The 505 Group (575) 762-5611 [email protected]

    Listing agent Katharine Fly (575) 762-5611

    Listing date Sep 7, 2025

    MLS# 20255169 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

    Tucumcari Multi-Unit Investment Opportunity

    This 15,964 square foot, 10-unit complex is situated in close proximity to the hospital, shopping, restaurants, and other services in Tucumcari, New Mexico. The property, located in Quay County, features eight 2-bedroom, 1.5-bath units and two 3-bedroom, 2-bath units. The complex sits on a 2.0661-acre lot. Noteworthy architectural details include high ceilings and Southwest styling. Each unit includes central air conditioning and heating, walk-in closets, and covered parking for one to two cars. The floor plans are well-designed, and the bedrooms are generously sized. Each unit also has a small courtyard, and the units are arranged around a central circle drive. Mature trees and landscaping enhance the property's appeal. Several units have been recently updated. The property presents a turnkey investment opportunity with long-term tenants already in place. Two units have been rented to the hospital's helicopter service for the past 10 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Tucumcari
    County
    San Miguel
    State
    New Mexico
    Longitude
    -103.721388
    Latitude
    35.157672

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    FAQs

    What type of property is this?
    Apartment building - Turnkey 10-unit complex near hospital, shopping, and restaurants.
    Where is this apartment building located?
    The property is located at 415 E Washington St Tucumcari, NM.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: - Excellent location: close to hospital, shopping, restaurants, and services.; - Turnkey investment opportunity with long-term tenants.; - Attractive mix of 2 and 3 bedroom units, some recently updated.
    (575) 762-5611
    Request Owner's contact information
    415 E Washington St Tucumcari, NM 88401
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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
    415 E Washington St Tucumcari, NM 88401
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