Studio Apartment
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 Market51
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 25, Bathroom 15, Bathroom 22, Bathroom 26, Bedroom 18, Bathroom 9, Bedroom 10, Bedroom 11, Bathroom 10, Bathroom 7, Bathroom 6, Bedroom 20, Bathroom 24, Bathroom 1, Bedroom 25, Bedroom 9, Bathroom 8, Bedroom 26, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 14, Bathroom 18, Bathroom 21, Bathroom 27, Bedroom 21, Bedroom 7, Bedroom 8, Bathroom 11, Bathroom 3, Bathroom 16, Bathroom 5, Bedroom 24, Bedroom 5, Bathroom 2, Bedroom 23, Bedroom 13, Bathroom 17, Bathroom 19, Bedroom 27, Bathroom 14, Bathroom 20, Bedroom 22, Bedroom 15, Bathroom 12, Bedroom 19, Bedroom 2, Bedroom 6, Bathroom 13, Bathroom 23, Bedroom 4, Bedroom 17, Bedroom 12, Bedroom 16
Appliances
Refrigerator
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
Roof type
Tar/Gravel
Listing Agency:
RE/MAX of Farmington · RE/MAX International
Listed By:
Darin W Cahoon · License #47191
(505) 327-4777
Added: Sep 3
Changed: Oct 19
Last Checked: Oct 23 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This 1.772-acre apartment property includes more than 30 studio units, a single-family residence, laundry facilities, and an office. An on-site restaurant adds a commercial component and is leased for five years. Residential occupancy is approximately 75%–80%. The reported annualized cap rate is approximately 6.67%, based on the latest six months of operations.
Key Highlights
- More than 30 studio units, plus a single‑family residence
- On‑site restaurant under a 5‑year lease
- Residential occupancy of approximately 75%-80%
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines residential rentals with a restaurant operating under a five-year lease.
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: More than 30 studio units, plus a single‑family residence; On‑site restaurant under a 5‑year lease; Residential occupancy of approximately 75%-80%
