Multifamily Property with Additional
For Sale
$865,000
416 hwy 66, Milan, NM 87021
MULTI_FAMILY - Milan, NM
Property Size22,000 SF
Price / SF$39.32
Days on Market59
Property Features for 416 hwy 66
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Y11
Directions
follow map directions
Subdivision
390 - Cibola
Standard status
Active
APN
NotAvailable
Size
22,000 SF
Taxes and HOA fees
Tax Annual Amount
5600
Building Details
Floors in Building
2
Number of units
17
Flooring type
Tile
Listing Agency:
Simply Real Estate
(505) 308-3800
Listed By:
Eylicio Realty Team
(505) 550-5211
Added: Jun 12
Changed: Jul 3
Last Checked: Aug 9 at 11:06AM
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.
Investment Insights
Based on property information with market context.
This for-sale multifamily residential income property consists of 17 units plus an additional house on the same lot. The total property size is 22,000 square feet, and the listing notes room to expand on the current property.
Located at 416 Hwy 66 in Milan, New Mexico 87021, this asset sits in Cibola County. The offering is presented as a combined multifamily and single-house configuration under one ownership, which can simplify management and site planning.
For buyers looking for a portfolio-style hold, the mix of multiple rental units along with a house provides flexibility in tenanting and use. The noted expansion room may also appeal to operators planning for incremental growth while keeping everything on one site. This is a straightforward residential income opportunity for investors and owner-operators seeking a combined multifamily setup with an additional residence.
Located at 416 Hwy 66 in Milan, New Mexico 87021, this asset sits in Cibola County. The offering is presented as a combined multifamily and single-house configuration under one ownership, which can simplify management and site planning.
For buyers looking for a portfolio-style hold, the mix of multiple rental units along with a house provides flexibility in tenanting and use. The noted expansion room may also appeal to operators planning for incremental growth while keeping everything on one site. This is a straightforward residential income opportunity for investors and owner-operators seeking a combined multifamily setup with an additional residence.
Key Highlights
- 17‑unit property plus an additional house on the same lot
- Tile flooring
Property Analytics
Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
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
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 - Includes 17 units plus a house, offering potential to expand on the same property.
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‑unit property plus an additional house on the same lot; Tile flooring
