7-Unit Multifamily
New
For Sale
$895,000
Farmington, NM 87401, Farmington, NM 87401
Residential Income, Farmington, NM
Property SizeContact for details
Days on Market1
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 5, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 9, Bedroom 3, Bedroom 6, Bathroom 3, Bathroom 6, Bedroom 11, Bedroom 10, Bedroom 12, Bedroom 1, Bathroom 5, Bathroom 4, Bathroom 7, Bedroom 8, Bathroom 1, Bedroom 14, Bathroom 8, Bedroom 13
Subdivision
Hunter's Addition
Elementary school
Apache Elementary
Middle school
Tibbetts Middle School
High school
Farmington High School
Directions
North on Orchard from Main to 213 North Orchard Ave
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Tax Description
HUNTERS ADDITION LOTS 4 AND 5 BLOCK 4 BK.1705 PG.182
Tax Annual Amount
7033
Legal Description
HUNTERS ADDITION LOTS 4 AND 5 BLOCK 4 BK.1705 PG.182
Utilities
Heating system
Natural Gas
Building Details
Floors in Building
2
Number of units
7
Listing Agency:
RE/MAX of Farmington · RE/MAX International
(505) 327-4777
Listed By:
Sam Todd · License #47191
(505) 320-9557
Added: Sep 4
Last Checked: Sep 4 at 7:06PM
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.
Investment Insights
Based on property information with market context.
Cherry Orchard is a 7-unit multifamily property in Farmington, New Mexico, with 14 bedrooms and 8 bathrooms across the recorded room inventory. Natural gas provides the documented heating source. The property supports recurring rental income, with additional revenue associated with utilities, pet rent, and other tenant charges.
Financial information covering January through June 2026 reflects an approximate 7.53% annualized cap rate. The property is located in Farmington, NM 87401, within San Juan County. Rental and operating records are available to qualified buyers, with financial information subject to buyer verification.
Financial information covering January through June 2026 reflects an approximate 7.53% annualized cap rate. The property is located in Farmington, NM 87401, within San Juan County. Rental and operating records are available to qualified buyers, with financial information subject to buyer verification.
Key Highlights
- 7‑unit multifamily property in Farmington, NM 87401
- Approx. 7.53% annualized cap rate based on January‑June 2026 financials
- Recorded room inventory includes 14 bedrooms and 8 bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
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
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 - Multifamily asset with recurring rental income and additional tenant charges from utilities, pet rent, and other services.
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 87401; Approx. 7.53% annualized cap rate based on January‑June 2026 financials; Recorded room inventory includes 14 bedrooms and 8 bathrooms
