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Updated Triplex with Carport Storage
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508 E 18TH Street, Farmington, NM 87401

Three one-bedroom residences feature hardwood floors, refreshed elements, and dedicated storage beneath the carports.

Property SizeContact for details
Days on Market143

Property Features for 508 E 18TH Street

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 3

Building Details

Buildings 1
Listing Agency: RE/MAX of Farmington
Listed By: Elizabeth Tafoya · License #17823
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 8:56PM

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 RE/MAX of Farmington

Investment Insights

Based on property information with market context.

This triplex contains three one-bedroom units, each supported by carport-area storage. Interior details include hardwood flooring and unit-specific updates, while newer windows and stucco contribute to the property’s recent exterior and building improvements. The residences have historically maintained long-term tenancy, with occupants reported to have remained for several years.

The property is positioned in Farmington near Smith’s, Walgreens, Starbucks, a doughnut shop, a park, and swimming facilities. Showings require advance notice. The offering is conveyed in as-is condition.

Key Highlights

  • Triplex with three one‑bedroom units
  • Long‑term tenant history, with residents reported for several years
  • Newer windows throughout and newer stucco

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Restaurant Electrical Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

417
Businesses Nearby

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

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?
Triplex - Three one-bedroom residences feature hardwood floors, refreshed elements, and dedicated storage beneath the carports.
Where is this triplex located?
The property is located at 508 E 18TH Street Farmington, NM.
What are key features of this property?
This property features: Triplex with three one‑bedroom units; Long‑term tenant history, with residents reported for several years; Newer windows throughout and newer stucco
(505) 860-2887 Call to check price and availability
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