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Multifamily Property with House

416 hwy 66, Milan, NM 87021

For Sale
$865,000

Residential Income, Milan, NM

Property Size22,000 SF
Price / SF$39.32
Days on Market152

Property Features for 416 hwy 66

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Y11
Directions follow map directions
Subdivision 390 - Cibola
Standard status Active
APN NotAvailable
Size 22,000 SF

Taxes and HOA fees

Tax Description Subd: CACTUS GARDENS Lot: 29
Tax Annual Amount 5600
Legal Description Subd: CACTUS GARDENS Lot: 29

Building Details

Floors in Building 2
Number of units 17
Listing Agency: Simply Real Estate
Listed By: Eylicio Realty Team
Added: Jun 12 Changed: Nov 9 Last Checked: Nov 10 at 6:06PM
MLS# 1105609

Copyright © 2026 Southwest MLS. 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 multifamily property in Milan, New Mexico, includes 17 units and a house. Its recorded property size is 22,000 square feet, and the zoning designation is Y11.

Key Highlights

  • 17 units plus a house on the lot
  • 22,000‑square‑foot property
  • Zoning designation: Y11

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

17
Residential units

Location Intelligence

Trade Area within ½ mile

125
Businesses Nearby

Demographics for 87021, NM

2,811
Population
1,284
Households
2.2
Avg Household Size
37
Median Age
8%
College-Educated
80%
High-School Grad
10.0 sq mi
ZIP Area
281
Density / Sq Mi
$39,041
Median Household Income
$33,270
Median Earnings
$832
Median Rent
$131,500
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

Frequently Asked Questions

What type of property is this?
Apartment building - The property includes 17 units and a separate house on the lot.
Where is this apartment building located?
The property is located at 416 hwy 66 Milan, NM.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 17 units plus a house on the lot; 22,000‑square‑foot property; Zoning designation: Y11
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Includes: Price & PSF · Cap rate · Location · Zoning

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