Multifamily-Zoned Development
For Sale
$299,900
1305 S CARLTON Avenue, Farmington, NM 87401
Land, Farmington, NM
Property SizeContact for details
Lot Size5.47 Acres
Days on Market141
Property Features for 1305 S CARLTON Avenue
General Information
Property type
Land
Property subtype
Other
Zoning description
Multi-Family Low Den, Mixed Use
Subdivision
Rimrocks
Elementary school
McCormick Elementary
Middle school
Hermosa Middle School
High school
Farmington High School
Standard status
Active
Lot size
5.47 Acres
Taxes and HOA fees
Tax Description
S 512.8 FT OF TR 6, Rimrocks Subdivision, B.1420 P.413
Legal Description
S 512.8 FT OF TR 6, Rimrocks Subdivision, B.1420 P.413
Utilities
Water source
Public
Listing Agency:
Coldwell Banker Cornerstone · Coldwell Banker Real Estate
(505) 325-7788
Listed By:
Colin Marshall · License #38781
(505) 486-9861
Added: Apr 16
Changed: Aug 28
Last Checked: Sep 3 at 8:06AM
MLS# 26-420
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a 5.47-acre parcel zoned for multifamily use, offering flexibility for a range of residential development concepts. The property includes valuable irrigation water rights and includes space suited to subdivision and custom residential building approaches.
The land is located next to Sycamore Park and near local schools, hospitals, and essential amenities in Farmington, New Mexico.
With its multifamily zoning and irrigation water rights, the site can support development planning for income-producing housing or related residential uses, subject to applicable approvals and requirements.
The land is located next to Sycamore Park and near local schools, hospitals, and essential amenities in Farmington, New Mexico.
With its multifamily zoning and irrigation water rights, the site can support development planning for income-producing housing or related residential uses, subject to applicable approvals and requirements.
Key Highlights
- 5.47 acres +/- of land zoned for multifamily use
- Zoning supports a range of housing options, including duplexes and larger apartment complexes
- Development potential for mobile home park concepts, plus tiny home and single- or double‑wide options
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
217
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 5.47 acres zoned for multifamily use, with irrigation water rights, near Sycamore Park and local schools.
Where is this residential land & home lot located?
The property is located at 1305 S CARLTON Avenue Farmington, NM.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 5.47 acres +/- of land zoned for multifamily use; Zoning supports a range of housing options, including duplexes and larger apartment complexes; Development potential for mobile home park concepts, plus tiny home and single- or double‑wide options
