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New Construction Apartment Community
For Sale
$5,000,000

19 Walker Road, Edgewood, NM 87015

CommercialSale, Edgewood, NM

Property SizeContact for details
Lot Size1.25 Acres
Days on Market14

Property Features for 19 Walker Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning description C-2
Parking 15
Directions From I-40, Turn right onto Edgewood 7. Then turn right onto Walker Rd.
Subdivision 260 - South 217
Standard status Active
APN 098102009
Lot size 1.25 Acres

Taxes and HOA fees

Tax Annual Amount 352

Utilities

Heating system Ductless (Heating)
Cooling system Ductless

Building Details

Floors in Building 2
Listing Agency: Berkshire Hathaway NM Prop · Berkshire Hathaway HomeServices
Listed By: Thomas Gallegos · License #45240
Added: Aug 10 Changed: Aug 20 Last Checked: Aug 23 at 4:06AM
MLS# 1109506

Copyright © 2026 Southwest MLS. 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.

Under construction on 1.25 acres, this apartment building development is planned as a 15-residence condominium community. The unit mix includes four three-bedroom residences, seven two-bedroom residences, and four one-bedroom residences, providing a range of layouts within the project. Each residence is planned with ductless heating and cooling systems.

The property is in Edgewood, New Mexico, with access to local shopping and dining as well as I-40. Its condominium format and varied floor plans support both individual ownership and a multifamily residential configuration.

Key Highlights

  • 15‑unit condominium community under construction
  • Unit mix includes 4 three‑bedroom, 7 two‑bedroom, and 4 one‑bedroom residences
  • Development spans 1.25 acres in Edgewood, NM

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Building Supply Bakery Veterinary Clinic Barber Shop Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

272
Businesses Nearby

Demographics for 87015, NM

12,833
Population
6,593
Households
1.9
Avg Household Size
47
Median Age
34%
College-Educated
93%
High-School Grad
131.6 sq mi
ZIP Area
98
Density / Sq Mi
$72,681
Median Household Income
$48,270
Median Earnings
$891
Median Rent
$263,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Planned condominium residences offer varied layouts with ductless heating and cooling in an East Mountain community.
Where is this apartment building located?
The property is located at 19 Walker Road Edgewood, NM.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 15‑unit condominium community under construction; Unit mix includes 4 three‑bedroom, 7 two‑bedroom, and 4 one‑bedroom residences; Development spans 1.25 acres in Edgewood, NM
More about this property
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