7-Unit Apartment
For Sale
$895,000
Farmington, NM 87401, Farmington, NM 87401
Residential Income, Farmington, NM
Property SizeContact for details
Days on Market50
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Fam Med Dens
Bedrooms
14
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 2, Bathroom 8, Bedroom 12, Bathroom 2, Bathroom 6, Bedroom 5, Bathroom 4, Bedroom 11, Bathroom 3, Bedroom 9, Bathroom 1, Bedroom 14, Bathroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 10, Bedroom 6, Bedroom 4, Bedroom 8, Bathroom 7, Bedroom 13
Appliances
Refrigerator, Oven/Range
Elementary school
Apache Elementary
Middle school
Tibbetts Middle School
High school
Farmington High School
Subdivision
Hunter's Addition
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7033
Utilities
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Floors in Building
2
Number of units
7
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 4
Changed: Oct 19
Last Checked: Oct 23 at 12:06AM
MLS# 26-1114
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 seven-unit apartment property is in Farmington, New Mexico. Building systems include natural gas heating and evaporative cooling, with a tar-and-gravel roof. Listed appliances include a refrigerator and oven/range.
Financial information for January through June 2026 supports an approximate 7.53% annualized cap rate. The rent roll also reflects revenue from utilities, pet rent, and other tenant charges.
Financial information for January through June 2026 supports an approximate 7.53% annualized cap rate. The rent roll also reflects revenue from utilities, pet rent, and other tenant charges.
Key Highlights
- 7‑unit multifamily property in Farmington, NM
- Approx. 7.53% annualized cap rate based on Jan.-June 2026 financials
- Natural gas heating and evaporative cooling
Property Analytics
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The Farmington property includes natural gas heating, evaporative cooling, and refrigerator and oven/range appliances.
Where is this apartment building located?
The property is located at Farmington, NM.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 7‑unit multifamily property in Farmington, NM; Approx. 7.53% annualized cap rate based on Jan.-June 2026 financials; Natural gas heating and evaporative cooling
