Apartment Building with On-Site
New
For Sale
$2,950,000
5915 E MAIN Street, Farmington, NM 87402
Residential Income, Farmington, NM
Property SizeContact for details
Lot Size1.77 Acres
Days on Market3
Property Features for 5915 E MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Fam Med Dens
Bedrooms
27
Bathrooms
27
Full bathrooms
27
Rooms
Bathroom 15, Bathroom 8, Bathroom 12, Bedroom 22, Bedroom 27, Bathroom 6, Bathroom 11, Bedroom 14, Bathroom 22, Bathroom 18, Bedroom 3, Bathroom 23, Bathroom 26, Bedroom 7, Bedroom 16, Bedroom 19, Bathroom 16, Bathroom 21, Bathroom 10, Bedroom 11, Bathroom 20, Bedroom 21, Bedroom 13, Bedroom 8, Bathroom 13, Bedroom 4, Bathroom 9, Bathroom 2, Bathroom 7, Bathroom 17, Bedroom 12, Bedroom 25, Bedroom 1, Bedroom 24, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 5, Bedroom 17, Bedroom 15, Bathroom 3, Bathroom 24, Bedroom 23, Bathroom 27, Bedroom 10, Bedroom 9, Bedroom 26, Bedroom 18, Bathroom 19, Bathroom 14, Bathroom 4, Bathroom 25, Bedroom 20, Bathroom 5
Directions
E Main Street north of Pinon Hills Blvd
Subdivision
3L
Standard status
Active
Lot size
1.77 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
BEG AT NW CORNER OF SE/4NE/4 OF SEC 31 30 12. THENCE EAST 20 FT, NORTH 6 FT TO S R/W HWY NO.550, N58-28E 324.24 FT ALO
Tax Annual Amount
23181
Legal Description
BEG AT NW CORNER OF SE/4NE/4 OF SEC 31 30 12. THENCE EAST 20 FT, NORTH 6 FT TO S R/W HWY NO.550, N58-28E 324.24 FT ALO
Utilities
Cooling system
Evaporative Cooling
Amenities
laundry area
Building Details
Floors in Building
2
Listing Agency:
RE/MAX of Farmington · RE/MAX International
(505) 327-4777
Listed By:
Sam Todd · License #47191
(505) 320-9557
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 5:06AM
MLS# 26-1115
Copyright © 2026 San Juan County Board of Realtors. 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 1.772-acre apartment property includes 30+ studio units, a single-family residence, a laundry area, and an office. An on-site restaurant adds a commercial component and is secured by a 5-year lease. The property also has evaporative cooling.
Residential occupancy is approximately 75%-80%, while the indicated annualized cap rate is approximately 6.67%. The asset is located at 5915 E MAIN Street in Farmington, New Mexico, within San Juan County. Its combination of apartment units, a separate residence, and leased restaurant space creates several distinct operating components within one property.
Residential occupancy is approximately 75%-80%, while the indicated annualized cap rate is approximately 6.67%. The asset is located at 5915 E MAIN Street in Farmington, New Mexico, within San Juan County. Its combination of apartment units, a separate residence, and leased restaurant space creates several distinct operating components within one property.
Key Highlights
- 30+ studio units on a 1.772‑acre property
- On‑site restaurant secured by a 5‑year lease
- Includes a single‑family residence, laundry area, and office
Property Analytics
Property Profile
Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 87402, NM
11,646
Population
4,146
Households
2.8
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
15.5 sq mi
ZIP Area
751
Density / Sq Mi
$76,992
Median Household Income
$43,958
Median Earnings
$1,042
Median Rent
$269,100
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 - Mixed-use income property includes studio units, a residence, laundry facilities, and office space.
Where is this apartment building located?
The property is located at 5915 E MAIN Street Farmington, NM.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 30+ studio units on a 1.772‑acre property; On‑site restaurant secured by a 5‑year lease; Includes a single‑family residence, laundry area, and office
