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Four-Unit Multifamily Building
For Sale
$450,000

2901 PARQUE DE OESTE Drive, Farmington, NM 87401

Residential Income, Farmington, NM

Property SizeContact for details
Lot Size0.05 Acres
Days on Market9

Property Features for 2901 PARQUE DE OESTE Drive

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description Multi-Fam Med Dens
Bedrooms 8
Bathrooms 6
Full bathrooms 4
Half bathrooms 4
Rooms Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 8, Bathroom 6, Bedroom 7, Bathroom 7, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 1, Bathroom 8, Bedroom 2, Bathroom 5, Bathroom 4, Bedroom 3
Subdivision Westland Park
Elementary school Apache Elementary
Middle school Tibbetts Middle School
High school Farmington High School
Directions Corner of Westland Park Drive & Parque de Oeste.
Standard status Active
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description Westlant Park Condominium Units A, B, C & D, BK.1688 PG.78
Legal Description Westlant Park Condominium Units A, B, C & D, BK.1688 PG.78

Utilities

Heating system Natural Gas
Cooling system Evaporative Cooling

Building Details

Floors in Building 2
Number of units 4
Listing Agency: Coldwell Banker Cornerstone · Coldwell Banker Real Estate
Listed By: Doug R Pilling · License #15623
Added: Sep 18 Last Checked: Sep 26 at 5:06AM
MLS# 26-1183

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 four-unit multifamily property is located at 2901 Parque de Oeste Drive in Farmington, New Mexico. The building includes eight bedrooms and eight bathrooms, with natural gas heating and evaporative cooling serving the property. The compact 0.054-acre lot is within the Westland Park subdivision.

The property is near Westland Park and Dog Park along the San Juan River, providing access to nearby outdoor recreation. Its four-unit configuration supports multifamily ownership and residential rental use.

Key Highlights

  • Four‑unit multifamily building
  • Eight bedrooms and eight bathrooms
  • 0.054‑acre lot

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Plumbing Service Hair Salon Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Nail Salon

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

52
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Quadplex - Four residential units with natural gas heat and evaporative cooling in Farmington’s Westland Park subdivision.
Where is this quadplex located?
The property is located at 2901 PARQUE DE OESTE Drive Farmington, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four‑unit multifamily building; Eight bedrooms and eight bathrooms; 0.054‑acre lot
More about this property
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