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Mixed-Use Building with Apartments
For Sale
Contact for pricing
Pending

121 E Main St, Red River, NM 87558

Two apartments sit above occupied commercial space, with vacation-rental zoning and convenient downtown pedestrian access.

Property SizeContact for details
Days on Market143

Property Features for 121 E Main St

General Information

Standard status Pending
Property subtype Mixed Use
Listing Agency: Swan Realty
Listed By: Rob Swan · License #19097
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 9:40PM

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 Swan Realty

Investment Insights

Based on property information with market context.

This modern mixed-use building combines ground-floor commercial occupancy with two substantial apartments on the level above. The lower floor is occupied by a bank and an outdoor retailer, while the upper residences are zoned for vacation-rental use. They have historically served as the owners’ vacation home.

Set in downtown Red River, the property is within walking distance of restaurants and shopping. The chairlift is approximately a two-minute walk away, placing lodging accommodations and commercial space in a pedestrian-oriented setting.

Key Highlights

  • Two upper‑level apartments included in the mixed‑use building
  • Upper apartments are zoned for vacation‑rental use
  • Ground floor occupied by a bank and an outdoor retailer

Property Analytics

Current Use

Short term rental ...

Location Intelligence

Trade Area within ½ mile

283
Businesses Nearby

Demographics for 87558, NM

724
Population
1,469
Households
0.5
Avg Household Size
52
Median Age
53%
College-Educated
100%
High-School Grad
105.9 sq mi
ZIP Area
7
Density / Sq Mi
$46,794
Median Household Income
$21,812
Median Earnings
$935
Median Rent
$429,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two apartments sit above occupied commercial space, with vacation-rental zoning and convenient downtown pedestrian access.
Where is this mixed-use property located?
The property is located at 121 E Main St Red River, NM.
What are key features of this property?
This property features: Two upper‑level apartments included in the mixed‑use building; Upper apartments are zoned for vacation‑rental use; Ground floor occupied by a bank and an outdoor retailer
More about this property
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