Two Multifamily Buildings For
For Sale
Contact for pricing
Pending
101 & 111 North 3rd Street, Belen, NM 87002
Two separate multifamily properties are offered together, each with multiple units and covered carport parking.
Property Size3,500 SF
Lot Size0.47 Acres
Days on Market143
Property Features for 101 & 111 North 3rd Street
General Information
Standard status
Pending
Size
3,500 SF
Lot size
0.47 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
11
Building Details
Tenancy
Multi
Listing Agency:
Sachs 5th Real Estate
Listed By:
Sonya Sanchez · License #NM 32307
Source:
Crexi
Added: Apr 11
Changed: Aug 24
Last Checked: Aug 29 at 3:21PM
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 Sachs 5th Real Estate
Investment Insights
Based on property information with market context.
Two separate multifamily buildings at 101 and 111 North 3rd Street are offered for sale together. The property at 111 North 3rd features four two-bedroom units within an approximate 3,500-square-foot building on a 0.22-acre lot, with carport-covered parking areas anchored on each side. The property at 101 North 3rd includes four one-bedroom units plus three boarded efficiencies on a 0.25-acre lot, with some mechanical updates in place.
The buildings have separate utility metering: each complex has separate utility meters for the units and one water meter per complex. The 111 North 3rd building has a recent roof and some mechanical updates. Some units have washer/dryer hookups.
The seller notes the current offering must be sold together and describes the arrangement as potentially suitable for an owner-user; the property is currently operated with long-term tenants on month-to-month terms.
The buildings have separate utility metering: each complex has separate utility meters for the units and one water meter per complex. The 111 North 3rd building has a recent roof and some mechanical updates. Some units have washer/dryer hookups.
The seller notes the current offering must be sold together and describes the arrangement as potentially suitable for an owner-user; the property is currently operated with long-term tenants on month-to-month terms.
Key Highlights
- Offered together: two separate multifamily properties at 111 N 3rd and 101 N 3rd
- 111 N 3rd features 4 two‑bedroom units in an approx. 3,500 SF building on a 0.22‑acre lot
- 111 N 3rd includes covered carport parking areas and a recent roof plus some mechanical updates
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 87002, NM
21,225
Population
9,210
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
84%
High-School Grad
598.3 sq mi
ZIP Area
35
Density / Sq Mi
$51,537
Median Household Income
$30,896
Median Earnings
$859
Median Rent
$183,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two separate multifamily properties are offered together, each with multiple units and covered carport parking.
Where is this apartment building located?
The property is located at 101 & 111 North 3rd Street Belen, NM.
What are key features of this property?
This property features: Offered together: two separate multifamily properties at 111 N 3rd and 101 N 3rd; 111 N 3rd features 4 two‑bedroom units in an approx. 3,500 SF building on a 0.22‑acre lot; 111 N 3rd includes covered carport parking areas and a recent roof plus some mechanical updates
