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Three-Home Multifamily Property
For Sale
$649,950

19649 Highway 314, Belen, NM 87002

Includes a detached house and two single-wide dwellings with month-to-month occupancy.

Property Size1,338 SF
Lot Size3.19 Acres
Price / SF$485.76
Days on Market33

Property Features for 19649 Highway 314

General Information

Standard status Active
Size 1,338 SF
Lot size 3.19 Acres
Property subtype Multi-Family

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 1 x 2BR/1BA, 2 x 3BR/2BA
Multifamily Units 3

Building Details

Year Built 1954
Buildings 3
Listing Agency: Gerald Chavez Realty Inc
Listed By: Clarissa Chavez-Rivera · License #11406
Source: Thesouthwestlife
Added: Jul 29 Changed: Aug 30 Last Checked: Aug 30 at 3:53AM

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 Gerald Chavez Realty Inc

Investment Insights

Based on property information with market context.

This multifamily property at 19649 Highway 314 includes three residential dwellings. The primary house offers a living room, formal dining room, kitchen, two bedrooms, one bathroom, and a laundry room, along with a carport and storage building. Two additional single-wide homes each include three bedrooms, two bathrooms, a living room, country kitchen, and laundry area.

All three units are rented on a month-to-month basis. The property also includes a billboard that produces income and approximately 616 feet of highway frontage. The primary house was built in 1954, and the address is in Belen, New Mexico.

Key Highlights

  • Three residential dwellings on one property
  • Primary house includes 2 bedrooms, 1 bathroom, carport, and storage building
  • Each single‑wide dwelling has 3 bedrooms and 2 bathrooms

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Electrical Service Restaurant Storage Facility

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

3
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

22
Businesses Nearby

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

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

What type of property is this?
Multifamily property - Includes a detached house and two single-wide dwellings with month-to-month occupancy.
Where is this multifamily property located?
The property is located at 19649 Highway 314 Belen, NM.
What is the asking price?
The asking price for this property is $649,950.
What are key features of this property?
This property features: Three residential dwellings on one property; Primary house includes 2 bedrooms, 1 bathroom, carport, and storage building; Each single‑wide dwelling has 3 bedrooms and 2 bathrooms
More about this property
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