Southwestern Duplex Houses on 8
For Sale
$399,900
25 JENNIFER Street, Belen, NM 87002
MULTI_FAMILY - Belen, NM
Property Size3,461 SF
Lot Size8.00 Acres
Price / SF$115.54
Days on Market303
Property Features for 25 JENNIFER Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RR-2
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 3
Window features
Skylight(s)
Interior features
CeilingFans, Skylights
Exterior features
PropaneTankOwned
Appliances
Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, Washer
Subdivision
Vista Manzano Estates
Directions
From Rio Communities, go south on Hwy 304 to Ricardo. East to Jennifer. South to private easement. East to house A. House B is between House A and vacant lot (corner). All three are included.
Standard status
Active
APN
1010022505060000000
Size
3,461 SF
Lot size
8.00 Acres
Taxes and HOA fees
Tax Annual Amount
2098
Utilities
Utilities
Propane
Heating system
Wood Stove, Wood, Electric (Heating)
Cooling system
Multi Units, Ceiling Fan(s)
Building Details
Year built
1988
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Frame, Stucco
Listing Agency:
Gerald Chavez Realty Inc
(505) 865-4671
Listed By:
Clarissa Chavez-Rivera · License #11406
(505) 450-6682
Added: Oct 2, 2025
Changed: Jul 28
Last Checked: Jul 31 at 12:06AM
MLS# 1092410
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.
This property includes two southwestern-styled houses situated on approximately eight acres across three lots. House A offers 2,358 square feet with three bedrooms and three bathrooms, including en-suite baths, along with a large living room featuring a kiva fireplace and large picture windows. The home includes an island kitchen with a snack bar and a spacious dining area with abundant cabinet space, plus exposed adobe and trombe wall features for passive solar. House A also has a 2-car carport and an 18-by-50 workshop/storage building.
House B provides 1,103 square feet with two bedrooms and one bathroom, featuring a large living room with a wood stove and a formal dining area off the kitchen. The well supports both houses. A separate vacant lot totaling about 2.5 acres is included as part of the offering.
Lot and parcel structure is described in the remarks as House A on 3 acres, House B on 2.59 acres, and a vacant lot of approximately 2.5 acres.
House B provides 1,103 square feet with two bedrooms and one bathroom, featuring a large living room with a wood stove and a formal dining area off the kitchen. The well supports both houses. A separate vacant lot totaling about 2.5 acres is included as part of the offering.
Lot and parcel structure is described in the remarks as House A on 3 acres, House B on 2.59 acres, and a vacant lot of approximately 2.5 acres.
Key Highlights
- Two southwestern‑styled houses on 8 acres across three lots (House A, House B, plus a vacant lot).
- House A: 2,358 SF with 3 bedrooms and 3 bathrooms (en suite), featuring a huge living room with kiva fireplace.
- House A has island kitchen with snack bar and large dining area, plus exposed adobe and trombe wall for passive solar.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $12.60 |
| − Vacancy | −$2.4k | −$0.69 |
| EGI | $41.2k | $11.91 |
| − OpEx | −$12.4k | −$3.57 |
| NOI | $28.8k | $8.33 |
3,461 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$412.1K
$360.6K – $480.8K
NOI $28,847 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$377.3K
$330.1K – $440.2K
NOI $26,411 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$715.7K
$626.2K – $834.9K
NOI $50,096 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two southwestern-styled homes and an additional 2.5-acre vacant lot total eight acres near Belen, NM.
Where is this duplex located?
The property is located at 25 JENNIFER Street Belen, NM.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two southwestern‑styled houses on 8 acres across three lots (House A, House B, plus a vacant lot).; House A: 2,358 SF with 3 bedrooms and 3 bathrooms (en suite), featuring a huge living room with kiva fireplace.; House A has island kitchen with snack bar and large dining area, plus exposed adobe and trombe wall for passive solar.
