Bosque Multifamily Property on
735 Highway 116 Bosque, NM 87006
735 Highway 116, Bosque, NM, 87006
$325,000
For Sale
$325,000
MULTI_FAMILY - Bosque, NM
Property Size1,938 SF
Lot Size2.49 Acres
Price / SF$167.70
Days on Market177
Property Features for 735 Highway 116
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1
- Appliances
- Cooktop, Dishwasher, FreeStandingElectricRange
- Standard status
- Active
- APN
- 0040040002
- Size
- 1,938 SF
- Lot size
- 2.49 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1934
Utilities
- Heating system
- Electric (Heating), Ductless (Heating), Pellet Stove
- Cooling system
- Ductless
Building Details
- Year built
- 1928
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Vinyl
- Building materials
- Concrete, SyntheticStucco
Listing Agency
Gerald Chavez Realty Inc
(505) 865-4671
511 Highway 314 SW, Los Lunas, NM
Listed by
Ambrose R Chavez · License #9235
(505) 450-2417
Added: Jan 20 Checked: Jul 16 at 8:06 pm
MLS# 1097042
Listing URL
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 multifamily property in Bosque, New Mexico, features a total rental income space of 1930 square feet. The property includes two units, each with two bedrooms. Each unit is equipped with a 2.5-ton mini-split system featuring 3 heads. The property is situated on a 2.489-acre lot and includes a detached garage/shop with a carport. The property offers options for either living in one unit and renting out the other, or renting out both units.
Key Highlights
- Rental income total of 1,930 sq. ft. with 2 bedrooms (2 bedrooms each unit)
- Each unit includes a 2.5‑ton mini split system with 3 heads, plus ductless cooling
- Heating includes electric (heating), ductless, and a pellet stove
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.4k | $12.60 |
| − Vacancy | −$1.3k | −$0.69 |
| EGI | $23.1k | $11.91 |
| − OpEx | −$6.9k | −$3.57 |
| NOI | $16.2k | $8.33 |
1,938 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.8K
$201.9K – $269.2K
NOI $16,153 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$211.3K
$184.9K – $246.5K
NOI $14,789 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$400.7K
$350.6K – $467.5K
NOI $28,051 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit property on 2.49 acres with detached garage/shop.
Where is this duplex located?
The property is located at 735 Highway 116 Bosque, NM.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Rental income total of 1,930 sq. ft. with 2 bedrooms (2 bedrooms each unit); Each unit includes a 2.5‑ton mini split system with 3 heads, plus ductless cooling; Heating includes electric (heating), ductless, and a pellet stove
