Multi-Family Income Property with
99 Ventura Road Belen, NM 87002
For Sale
$535,000
MULTI_FAMILY - Belen, NM
Property Size4,698 SF
Lot Size2.58 Acres
Price / SF$113.88
Days on Market47
Property Features for 99 Ventura Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bathroom 2
- Standard status
- Active
- APN
- 1007031528355000000
- Size
- 4,698 SF
- Lot size
- 2.58 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1785
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Frame, Stucco
Listing Agency:
Gerald Chavez Realty Inc
(505) 865-4671
Listed By:
Ambrose R Chavez · License #9235
(505) 450-2417
Added: Jun 11
Changed: Jul 21
Last Checked: Jul 27 at 12:06AM
MLS# 1105305
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 for-sale portfolio consists of four separate buildings totaling approximately 4,962 square feet. The mix includes three homes and one commercial metal building, with two of the homes described as currently rented out. The property also includes two billboards that are rented out.
The site covers 2.58 acres and features approximately 371 feet of frontage. Public remarks indicate high traffic flow at the location.
Designed for buyers seeking a combined residential and billboard income setup, the offering provides multiple income streams within a single land parcel. The presence of rental homes, along with the rented billboards and commercial metal building, may appeal to operators looking for a diversified use configuration under one ownership.
The site covers 2.58 acres and features approximately 371 feet of frontage. Public remarks indicate high traffic flow at the location.
Designed for buyers seeking a combined residential and billboard income setup, the offering provides multiple income streams within a single land parcel. The presence of rental homes, along with the rented billboards and commercial metal building, may appeal to operators looking for a diversified use configuration under one ownership.
Key Highlights
- 4 separate buildings totaling approx. 4,962 sq. ft.
- 2.58 acres with approx. 371‑foot frontage.
- Includes 3 homes plus 1 commercial metal building.
Financial Insights For Apartment 5plus
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 | $69.3k | $14.76 |
| − Vacancy | −$4.2k | −$0.89 |
| EGI | $65.2k | $13.87 |
| − OpEx | −$29.3k | −$6.24 |
| NOI | $35.9k | $7.63 |
4,698 SF · lease $14.76/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$512.1K
$448.1K – $597.5K
NOI $35,850 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$971.4K
$850.0K – $1.13M
NOI $68,001 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Four-building income property on 2.58 acres with billboards and 371-foot frontage per public remarks.
Where is this single family property located?
The property is located at 99 Ventura Road Belen, NM.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 4 separate buildings totaling approx. 4,962 sq. ft.; 2.58 acres with approx. 371‑foot frontage.; Includes 3 homes plus 1 commercial metal building.
