14-Unit Apartment
New
For Sale
$925,000
301 N ORCHARD Avenue, Farmington, NM 87401
Residential Income, Farmington, NM
Property SizeContact for details
Lot Size0.29 Acres
Days on Market1
Property Features for 301 N ORCHARD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Fam Med Dens
Bedrooms
15
Bathrooms
14
Full bathrooms
14
Rooms
Bedroom 5, Bathroom 13, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 11, Bedroom 7, Bedroom 9, Bedroom 3, Bathroom 10, Bedroom 15, Bedroom 6, Bathroom 3, Bathroom 6, Bedroom 11, Bedroom 10, Bedroom 12, Bedroom 1, Bathroom 5, Bathroom 4, Bathroom 7, Bedroom 8, Bathroom 9, Bathroom 1, Bathroom 12, Bathroom 14, Bedroom 14, Bathroom 8, Bedroom 13
Subdivision
Hunter's Addition
Elementary school
Apache Elementary
Middle school
Tibbetts Middle School
High school
Farmington High School
Directions
From Main Street, North on Orchard to 301.
Standard status
Active
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
HUNTER'S ADDITION THE EAST 140 FT OF LOT 1 AND THE EAST 140 FT OF SOUTH 40 FT OF LOT 2 BLOCK 3 BK.1705 PG.182
Tax Annual Amount
7269
Legal Description
HUNTER'S ADDITION THE EAST 140 FT OF LOT 1 AND THE EAST 140 FT OF SOUTH 40 FT OF LOT 2 BLOCK 3 BK.1705 PG.182
Utilities
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Floors in Building
2
Number of units
14
Listing Agency:
RE/MAX of Farmington · RE/MAX International
(505) 327-4777
Listed By:
Sam Todd · License #47191
(505) 320-9557
Added: Sep 4
Last Checked: Sep 4 at 11:06PM
MLS# 26-1113
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 14-unit apartment property is situated on a 0.289-acre parcel in Farmington, New Mexico. The unit layout includes 15 bedrooms and 14 bathrooms, with natural gas heating and evaporative cooling serving the property.
Financial results from January through June 2026 reflect an approximate 7.37% annualized cap rate. The asset is located at 301 N Orchard Avenue in the 87401 postal area, providing a defined multifamily offering with in-place income-producing units.
Financial results from January through June 2026 reflect an approximate 7.37% annualized cap rate. The asset is located at 301 N Orchard Avenue in the 87401 postal area, providing a defined multifamily offering with in-place income-producing units.
Key Highlights
- 14‑unit apartment property
- Approximate 7.37% annualized cap rate based on January–June 2026 financials
- Situated on 0.289 acres
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
1,292
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with natural gas heating and evaporative cooling in Farmington.
Where is this apartment building located?
The property is located at 301 N ORCHARD Avenue Farmington, NM.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 14‑unit apartment property; Approximate 7.37% annualized cap rate based on January–June 2026 financials; Situated on 0.289 acres
