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Updated Investment Property Near Plaza

322 Moreno, Las Vegas, NM 87701

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For Sale

$598,000

MULTI_FAMILY - Other - Las Vegas, NM

Property size:

2,246 SF

Lot size:

0.16 Acres

Price / SF:

$266/SF

HighLights

Three‑unit investment property built in 1902 with public water and public sewer.
$5,000/month in current rent; 1031 exchange accepted.
Front main home: 3 bedrooms, 1 and 3/4 bathrooms, covered front porch, high ceilings, wood floors, granite countertops, and fenced yard.
Upstairs studio apartment with granite counters, 3/4 bathroom, and a spacious deck with views of the plaza.
Third standalone home with 2 bedrooms and a full bath; fenced yard plus a large enclosed room waiting to be finished.
Newer ProPanel roof and ductless mini‑splits; includes appliances such as dishwasher, microwave, oven/range, and washer/dryer.

We can help!

Contact an agent

Kitty Ballard-Ryan

For Sale

$598,000

MULTI_FAMILY - Other - Las Vegas, NM

Property size:

2,246 SF

Lot size:

0.16 Acres

Price / SF:

$266/SF

Added:: Mar 1, 2026
Days on Market:: 117
Last Refresh:: Jun 26 at 9:06 pm

Property Features for 322 Moreno

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R-1, 2, 3, 4, 5, 6
Bedrooms: 6
Rooms: Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
Interior features: InteriorSteps
Appliances: Dryer, Dishwasher, ElectricCooktop, ElectricWaterHeater, Microwave, Oven, Range, Refrigerator, WaterHeater, Washer
Standard status: Active
Size: 2,246 SF
Lot size: 0.16 Acres

Taxes and HOA fees

Tax 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

We can help!

Contact an agent

Kitty Ballard-Ryan

Listing agent Kitty Ballard-Ryan License #52145

Listing office Berkshire Hathaway HomeService 123 Marcy St. Ste 101, Santa Fe, NM

Listing date Mar 1, 2026

MLS# 202600731 Listing URL

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.

HighLights

Three‑unit investment property built in 1902 with public water and public sewer.
$5,000/month in current rent; 1031 exchange accepted.
Front main home: 3 bedrooms, 1 and 3/4 bathrooms, covered front porch, high ceilings, wood floors, granite countertops, and fenced yard.
Upstairs studio apartment with granite counters, 3/4 bathroom, and a spacious deck with views of the plaza.
Third standalone home with 2 bedrooms and a full bath; fenced yard plus a large enclosed room waiting to be finished.
Newer ProPanel roof and ductless mini‑splits; includes appliances such as dishwasher, microwave, oven/range, and washer/dryer.

Overview

This updated three-unit investment property is located less than a block from the historic Las Vegas, New Mexico plaza. The main home at the front of the property features 3 bedrooms, 1 and 3/4 bathrooms, ample closet space, a covered front porch, high ceilings, nichos, wood floors, granite countertops, a stainless dishwasher, a built-in microwave, a laundry room with a front-loading washer and dryer, transom windows, ornate ceilings, a large fenced yard, and mature perennials. The upstairs studio apartment includes granite counters, a 3/4 bathroom, and a spacious deck with views of the plaza. The third unit is a stand-alone home with a new covered portal, 2 bedrooms, a full bathroom with a stackable washer/dryer, granite counters, a stainless dishwasher and fridge with a bottom freezer drawer, a built-in microwave, a completely fenced yard, and a large enclosed room. The property has a newer ProPanel roof, mini-splits, stucco, appliances, and cabinets. The property is zoned R-1, 2, 3, 4, 5, 6. The property is 2246 square feet and sits on a 0.16-acre lot. The property is currently pulling in $5000 per month in rent.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Las Vegas
County: San Miguel
State: New Mexico
Longitude: -105.2280673
Latitude: 35.5913638

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For sale
Triplexes
NM
Las Vegas
87701
322 Moreno

What type of property is this?

Triplex - Three-unit property near historic plaza, generating $5000 monthly rent.

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 $598,000.

What are key features of this property?

This property features: Three‑unit investment property built in 1902 with public water and public sewer.; $5,000/month in current rent; 1031 exchange accepted.; Front main home: 3 bedrooms, 1 and 3/4 bathrooms, covered front porch, high ceilings, wood floors, granite countertops, and fenced yard.

322 Moreno, Las Vegas, NM 87701

MULTI_FAMILY - Other - Las Vegas, NM

Property Features for 322 Moreno

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Historic Bank and Office Building

Historic Adobe Mixed-Use Building

Historic Mixed-Use Adobe Building

Historic Mixed-Use Building

Arby’s Restaurant NNN Investment

Historic Plaza Mixed-Use Opportunity

Income-Generating Duplex Opportunity

Versatile Multifamily Property on Acreage

Income Duplex with Two Units

Retail Property with Medical Anchor

Las Vegas Retail Strip Center

Historic Bridge Street Mixed-Use Building

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