Three-Unit Apartment
505 N Wall Ave, Farmington, NM 87401
For Sale
$350,000
Pending
Three apartments are configured as two one-bedroom homes and one two-bedroom home, with long-term tenants in place.
Property SizeContact for details
Days on Market29
Property Features for 505 N Wall Ave
General Information
Standard status
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Listing Agency:
Epique Inc.
Listed By:
Kortney Eggleston
(888) 893-3537
Source:
Exprealty
Added: Oct 13
Changed: Nov 10
Last Checked: Nov 10 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Epique Inc.
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Investment Insights
Based on property information with market context.
This triplex at 505 N Wall Ave in Farmington, New Mexico, contains three separate apartments: two one-bedroom units and one two-bedroom unit. Long-term tenancy is in place across the property, providing an existing occupancy profile for the next owner.
Key Highlights
- Three separate apartment units
- Unit mix includes two one‑bedroom apartments and one two‑bedroom apartment
- Long‑term tenants are in place
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
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Business Placement
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments are configured as two one-bedroom homes and one two-bedroom home, with long-term tenants in place.
Where is this triplex located?
The property is located at 505 N Wall Ave Farmington, NM.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three separate apartment units; Unit mix includes two one‑bedroom apartments and one two‑bedroom apartment; Long‑term tenants are in place
