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10-Unit Apartment Building
For Sale
$825,000

415 E Washington St, Tucumcari, NM 88401

Commercial Sale, Tucumcari, NM

Property SizeContact for details
Lot Size2.07 Acres
Days on Market65

Property Features for 415 E Washington St

General Information

Property type Commercial Sale
Property subtype Other
Directions East on Washington, Across street from the Hospital to the North
Subdivision New Mexico Mls
Standard status Active
APN 117906348201200
Lot size 2.07 Acres

Taxes and HOA fees

Tax Description SUBD: COOPERVIEW BLOCK: 29 &BLOCK 30
Tax Annual Amount 3606
Legal Description SUBD: COOPERVIEW BLOCK: 29 &BLOCK 30

Utilities

Heating system Natural Gas, Forced Air

Amenities

walk in closets
central AC and heat
high ceilings
courtyard
mature trees
landscaping

Building Details

Year built 1970
Floors in Building 1
Flooring type Carpet, Tile
Building materials Brick, Mission Stone
Roof type Flat
Listing Agency: Sagebrush Real Estate · Weichert
Listed By: Katharine Fly · License #16616
Added: Jul 1 Changed: Sep 2 Last Checked: Sep 3 at 8:06PM
MLS# 20263874

Copyright © 2026 New Mexico MLS. 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 10-unit apartment property was built in 1970 on 2.07 acres and includes eight two-bedroom, one-and-a-half-bath residences plus two three-bedroom, two-bath residences. Each apartment features one- to two-car covered parking, a walk-in closet, central air conditioning and heat, high ceilings, and an individual courtyard. The buildings use brick and Mission Stone construction, with carpet and tile flooring, flat roofs, natural gas, and forced-air heating. Several units have been updated.

The property at 415 E Washington St in Tucumcari is arranged around a central circular drive with mature trees and landscaping. Two apartments have been leased to a helicopter service serving the hospital for 10 years. The site is near the hospital, shopping, restaurants, and services. Layouts include well-sized bedrooms and separate living areas suited to the existing apartment configuration.

Key Highlights

  • 10‑unit apartment complex on 2.07 acres
  • Unit mix includes eight 2‑bedroom, 1 1/2‑bath units and two 3‑bedroom, 2‑bath units
  • Each apartment includes 1‑2 car covered parking and a private courtyard

Property Analytics

Current Use

Apartment buildings

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

114
Businesses Nearby

Demographics for 88401, NM

6,813
Population
3,759
Households
1.8
Avg Household Size
45
Median Age
21%
College-Educated
86%
High-School Grad
970.3 sq mi
ZIP Area
7
Density / Sq Mi
$46,773
Median Household Income
$35,303
Median Earnings
$753
Median Rent
$65,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with covered parking, private courtyards, central HVAC, and a landscaped central drive.
Where is this apartment building located?
The property is located at 415 E Washington St Tucumcari, NM.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 10‑unit apartment complex on 2.07 acres; Unit mix includes eight 2‑bedroom, 1 1/2‑bath units and two 3‑bedroom, 2‑bath units; Each apartment includes 1‑2 car covered parking and a private courtyard
More about this property
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