Four-Unit Apartment
For Sale
Contact for pricing
Pending
1005 WALNUT Drive, Farmington, NM 87401
Apartments offer wood flooring, individual utility meters, dedicated water heaters, and paved tenant parking.
Property SizeContact for details
Days on Market143
Property Features for 1005 WALNUT Drive
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$625
Utilities to Site
Yes
Building Details
Buildings
1
Listing Agency:
American Dream Realty
(505) 533-6064
Listed By:
David Karst
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 5:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of American Dream Realty
Investment Insights
Based on property information with market context.
This quadplex contains four one-bedroom, one-bathroom apartments, each with wood flooring and dedicated equipment including a water heater, evaporative cooler, and wall heater. Gas and electric service are individually metered, while water and sewer run through one shared meter. Paved parking is provided for residents.
All four apartments are occupied by long-term tenants under month-to-month leases. The roof is a synthetic Duralast system that was replaced approximately 12 years ago, providing a defined capital improvement for the property. The configuration combines four residential units with separate gas and electric metering and shared water and sewer service.
All four apartments are occupied by long-term tenants under month-to-month leases. The roof is a synthetic Duralast system that was replaced approximately 12 years ago, providing a defined capital improvement for the property. The configuration combines four residential units with separate gas and electric metering and shared water and sewer service.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- All units occupied by long‑term tenants on month‑to‑month leases
- Individual gas and electric meters for each unit
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Apartments offer wood flooring, individual utility meters, dedicated water heaters, and paved tenant parking.
Where is this quadplex located?
The property is located at 1005 WALNUT Drive Farmington, NM.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; All units occupied by long‑term tenants on month‑to‑month leases; Individual gas and electric meters for each unit
