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Three-Unit Adobe Triplex

322 Moreno, Las Vegas, NM 87701

For Sale
$499,000

ResidentialIncome, Las Vegas, NM

Property Size2,246 SF
Lot Size0.16 Acres
Price / SF$222.17
Days on Market255

Property Features for 322 Moreno

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R-1, 2, 3, 4, 5, 6
Zoning description R3
Bedrooms 6
Full bathrooms 4
Rooms Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Interior features InteriorSteps
Appliances Dryer, Dishwasher, ElectricCooktop, ElectricWaterHeater, Microwave, Oven, Range, Refrigerator, WaterHeater, Washer
Elementary school Las Vegas
Middle school Las Vegas
High school West Las Vegas High
Directions Next to police parking lot on Moreno.
Standard status Active
Size 2,246 SF
Lot size 0.16 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description Subd: Town Of Las Vegas Block: O S: 27 T: 16 R: 16
Legal Description Subd: Town Of Las Vegas Block: O S: 27 T: 16 R: 16

Utilities

Sewer type Public Sewer
Heating system Ductless (Heating)
Cooling system Ductless
Water source Public

Building Details

Year built 1902
Floors in Building 2
Number of units 3
Building materials Adobe
Architectural style Other
Listing Agency: Berkshire Hathaway HomeService
Listed By: Kitty Ballard-Ryan · License NM #52145
Added: Mar 1 Changed: Oct 26 Last Checked: Nov 10 at 6:06PM
MLS# 202600731

Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 2,246-square-foot triplex on a 0.16-acre parcel comprises three residences: a front house with three bedrooms and 1¾ bathrooms, an upstairs studio with a ¾ bathroom, and a detached two-bedroom home with a full bathroom. Features across the units include granite counters, appliances, and laundry facilities. The studio has a deck with a view of the plaza; the front house and detached residence each have fenced outdoor space. A large enclosed room at the detached home remains unfinished. The property was built in 1902 and has adobe construction, a newer ProPanel roof, ductless heating and cooling, and public water and sewer.

The property is less than a block from the historic plaza in Las Vegas, New Mexico. Its three-unit configuration supports separate residential use of each dwelling.

Key Highlights

  • Three residences: a 3‑bedroom front home, upstairs studio, and detached 2‑bedroom home
  • 2,246 square feet on a 0.16‑acre parcel
  • Front home has 3 bedrooms and 1¾ bathrooms; detached home has 2 bedrooms and 1 full bathroom

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

548
Businesses Nearby

Demographics for 87701, NM

18,387
Population
9,699
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
88%
High-School Grad
1,601.8 sq mi
ZIP Area
11
Density / Sq Mi
$48,115
Median Household Income
$29,345
Median Earnings
$756
Median Rent
$169,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three distinct residences include a main house, an upstairs studio, and a separate two-bedroom home.
Where is this triplex located?
The property is located at 322 Moreno Las Vegas, NM.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three residences: a 3‑bedroom front home, upstairs studio, and detached 2‑bedroom home; 2,246 square feet on a 0.16‑acre parcel; Front home has 3 bedrooms and 1¾ bathrooms; detached home has 2 bedrooms and 1 full bathroom
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