Listing Agency: RE/MAX of Farmington d***@gmail.com Show Phone

Listed By: Darin Cahoon · License #47191

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 1:00PM

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Investment Insights

Based on property information with market context.

This four-unit residential property is located at 2803 E 22ND Street in Farmington, New Mexico. The configuration is suited to multifamily ownership and residential income use.

Key Highlights

• Four‑unit quadplex configuration
• Located at 2803 E 22ND Street
• Farmington, NM 87401

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Catering Service Real Estate Agency

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

4

Residential units

Location Intelligence

Trade Area within ½ mile

744

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Quadplex - Income-producing residential property with four units in Farmington.

Where is this quadplex located?

The property is located at 2803 E 22ND Street Farmington, NM.

What are key features of this property?

This property features: Four‑unit quadplex configuration; Located at 2803 E 22ND Street; Farmington, NM 87401