New Mexico Multifamily Properties for Sale

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Albuquerque, NM Santa Fe, NM Las Cruces, NM Farmington, NM Rio Rancho, NM Clovis, NM Belen, NM Taos, NM

624 properties

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Updated: May 13

7-Unit Townhome-Style Apartment Building

3505 Lafayette Drive NE, Albuquerque, NM 87107

$950,000

9,100 sqft 0.38 AC lot

7 apartments with approximately 1,300 SF per unit
Two‑bedroom, one‑and‑one‑half‑bathroom townhome‑style layouts
Four of 7 apartments have refrigerated air
Separate utility rooms with washer and dryer hookups
Individual gas and electric metering for all apartments

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3505 Lafayette Drive NE, Albuquerque, NM 87107

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Est. Cap Rate

8.1%
Above avg (5.9%)
Est. NOI

$77K
Annual
Mortgage

$690K
Mar 2020
Property Type

Residential Income
Built 1978

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Updated: Aug 10

12-Unit Townhome-Style Apartment Compound

808 Ortiz Drive SE, Albuquerque, NM 87108

$1,424,506

9,650 sqft 0.46 AC lot

12‑unit apartment compound with two‑story, townhome‑style residences
9,650 square feet on 0.46 acres
Unit mix includes two 3‑bedroom, 1.5‑bath and two 2‑bedroom, 1‑bath layouts
Separate gas and electric meters plus individual utility rooms
Secured gated entry, landscaped courtyards, patios, backyards, and detached storage

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10-Unit Apartment Building

1104 Palomas Drive SE, Albuquerque, NM 87108

$999,565

7,720 sqft 0.56 AC lot

Remodeled multifamily property with patios, appliances, and forced-air heating.

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Six-Unit Apartment Building

501-505 Mesilla Street SE, Albuquerque, NM 87108

$560,000

4,248 sqft 0.30 AC lot

Two separately deeded triplexes offer a courtyard-style layout with a varied residential unit mix.

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Remodeled 10-Unit Apartment Property

1104 Palomas Dr, Albuquerque, NM 87108

$999,565

7,720 sqft

The complex combines two fourplexes and a duplex with two-bedroom, one-bathroom units.

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Updated 9-Unit Apartment Building

6720 Cochiti Road SE, Albuquerque, NM 87108

$740,831

4,300 sqft 0.31 AC lot

Nine casita-style residences feature refreshed interiors, controlled access, shared laundry, and gated off-street parking.

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Adobe Multifamily Compound

18 Destierro Trail, Pojoaque, NM 87506

$2,749,000

8,894 sqft 3.84 AC lot

Multiple residences and a separate gathering building create a distinctive adobe property configuration.

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Renovated Apartment Building

201 Lincoln Avenue, Grants, NM 87020

$1,100,000

7,090 sqft 0.40 AC lot

Renovated apartments feature updated finishes, laundry hookups, and access to a secure gated courtyard.

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Townhome-Style Apartment Compound

808 Ortiz Dr Se, Albuquerque, NM 87108

$1,424,506

9,650 sqft

Twelve-unit multifamily property with private outdoor areas, separate utility metering, and a mix of renovated interiors.

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4-Unit Quadplex with Off-Street Parking

4301 Calle Andrew, Santa Fe, NM 87507

$899,000

4,032 sqft 0.09 AC lot

Fully leased 4-unit quadplex in R-7 with electric heat, gas fireplaces, small yards, and off-street parking.

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Mixed-Use Arts Residency Property

4 N Chamisa, Santa Fe, NM 87508

$1,599,000

4,815 sqft 2.09 AC lot

Renovated campus combines gallery, event, residential, and private studio spaces along U.S. Highway 285.

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Mixed-Use Arts Hospitality Building

4 N Chamisa Dr, Santa Fe, NM 87508

$1,599,000

4,815 sqft 2.32 AC lot

Extensively renovated building with a front gallery/event space, apartments, and private art studios.

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Two-Parceled 4-Plex Apartment Portfolio

309-313 Geraldine Loop SE, Rio Rancho, NM 87124

$1,030,000

6,684 sqft 0.57 AC lot

Portfolio includes two separately parceled 4-plex buildings with eight occupied 2-bedroom, 1-bath units and central forced-air heat.

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43-Unit Apartment Building

1024 Alvarado Drive Se Apt 6, Albuquerque, NM 87108

$1,660,470

8,360 sqft

Recently improved multifamily property with full occupancy and access to Southeast Albuquerque employment centers.

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7-Unit Hotel with Hospitality Pavilion

Mimbres, NM 88049

$539,000

3,713 sqft 1.18 AC lot

Furnished accommodations feature online booking, self-check-in, automated messaging, and high-speed wireless WiFi.

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Two-Parceled 4-Plex Portfolio

55-65 Darlene Road SE, Rio Rancho, NM 87124

$1,030,000

6,620 sqft 0.41 AC lot

Two separately parceled 4-plex buildings with eight occupied 2-bedroom, 1-bath units.

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Updated 9-Unit Apartment Compound

6720 Cochiti Rd SE, Albuquerque, NM 87108

$579,000

4,300 sqft

Gated apartment property with remodeled casita-style residences, shared laundry, secured parking, and MX-H zoning.

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Updated Four-Unit Apartment Property

1315 Madeira Drive SE, Albuquerque, NM 87108

$522,720

3,233 sqft 0.20 AC lot

Four residential units feature refreshed interiors, private laundry areas, full kitchens, and shared courtyard space.

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6-Unit Apartment Building

615 Iron Ave SW, Albuquerque, NM 87102

$1,500,000

6,574 sqft

Five units currently operate as Airbnb rentals.

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Quadplex With Ductless Mini-Split HVAC

1920 Lead Avenue SE, Albuquerque, NM 87106

$546,500

2,038 sqft 0.21 AC lot

Four-apartment quadplex on a 0.21-acre lot with ductless heating and cooling in all units.

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4-Unit Quadplex with Laundry

3609 Wellesley Dr NE, Albuquerque, NM 87107

$550,000

4,194 sqft

Townhouse-style residences offer two bedrooms, one bathroom, and private laundry within each unit.

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Equestrian Compound with Three Residences

54 Rons Road, Santa Fe, NM 87508

$1,210,000

5,975 sqft 9.36 AC lot

Rural Residential property includes an indoor arena, heated pool, and private well.

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Villa View 22-Unit Apartment Building

905 Walnut Dr, Farmington, NM 87401

$1,050,000

10,300 sqft

Two-story apartment community near Four Corners Regional Airport, downtown Farmington, and the local hospital.

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Updated Triplex with Owner's Unit

2905 Palo Verde Drive NE, Albuquerque, NM 87112

$625,000

3,400 sqft 0.19 AC lot

Three-unit property with fireplaces, a patio, and an owner's garage.

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New Mexico Multifamily Properties Market Trends and Statistics

Explore 624 multifamily properties for sale in New Mexico, showcased through 624 active listings on our real estate platform. These investment opportunities span a total of 1,908,023 square feet of properties for sale, with an estimated market value of $344,653,598.

Sale prices for multifamily properties in New Mexico start at $89,000, averaging $840,618, and reaching up to $9,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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