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    Farmington, NM
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    Farmington, NM Multifamily Properties for Sale

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    10 properties
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    Studio Apartment Property
    Updated: Sep 3
    Studio Apartment Property

    5915 E MAIN Street, Farmington, NM 87402

    $2,950,000
    1.77 AC lot
    More than 30 studio units, plus a single‑family residence
    On‑site restaurant under a 5‑year lease
    Residential occupancy of approximately 75%-80%
    1.772‑acre property with laundry facilities and an office
    Indicated annualized cap rate of approximately 6.67%
    View details
    14-Unit Apartment Building
    Updated: Sep 4
    14-Unit Apartment Building

    301 N ORCHARD Avenue, Farmington, NM 87401

    $925,000
    0.29 AC lot
    14 apartment units
    Approximately 7.37% annualized cap rate based on Jan.-June 2026 financials
    0.289‑acre property at 301 N Orchard Avenue in Farmington
    Natural‑gas heating and evaporative cooling
    Refrigerators and oven/ranges included
    View details
    Fourplex with Evaporative Cooling
    Fourplex with Evaporative Cooling

    216 N COURT Avenue, Farmington, NM 87401

    $375,000
    0.05 AC lot

    Residential income property offering fourplex configuration near downtown Farmington.

    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Villa View 22-Unit Apartment Building
    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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    3-Unit Triplex with Updated Bathrooms
    3-Unit Triplex with Updated Bathrooms

    706 N DUSTIN Avenue, Farmington, NM 87401

    $350,000
    0.22 AC lot

    All three residences are occupied, with established tenants and remodeled bathrooms throughout.

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    Farmington Land Opportunity
    Farmington Land Opportunity

    4303 HUDSON Street, Farmington, NM 87402

    $400,000
    1.55 AC lot

    1.551 acres of land rezoned for multi-family development.

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    Duplex with Detached Apartment
    Duplex with Detached Apartment

    707 N VINE Avenue, Farmington, NM 87401

    $397,000

    Separate living spaces include a primary home and an apartment with its own kitchen, living area, bedroom, and bathroom.

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    Four-Unit Apartment Property
    Four-Unit Apartment Property

    2805 E 22ND Street, Farmington, NM 87401

    Contact for pricing

    Four-unit residential income property in Farmington, New Mexico, offered for sale.

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    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    2901 PARQUE DE OESTE Drive, Farmington, NM 87401

    $450,000
    0.05 AC lot

    Natural gas forced-air heating and evaporative cooling serve the four-unit building.

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    Apartment Building
    Apartment Building

    213 S WAGNER Avenue, Farmington, NM 87401

    Contact for pricing

    Multifamily property with landlord-paid water and sewer service.

    View details
    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 10 Active listings in Farmington, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    5-Unit Apartment Property
    5-Unit Apartment Property

    195 Silverview Lane #1-5, Durango, CO 81303

    $1,295,000
    3,556 sqft

    Five residences occupy two buildings, with a mix of one- and two-bedroom floor plans.

    View details
    Mobile Home Park
    Mobile Home Park

    440 CR 232, Durango, CO 81303

    $3,200,000
    6.08 AC lot

    Property lies along a major thoroughfare near Three Springs and a hospital campus.

    View details
    Riverfront RV Park Investment Opportunity
    Riverfront RV Park Investment Opportunity

    1129 Calle Del Rio, Bloomfield, NM 87413

    $750,000
    1.45 AC lot

    Scenic RV park with income potential along the San Juan River.

    View details
    Mobile Home Park Land
    Mobile Home Park Land

    ROAD 5061 lot: 1-8, Bloomfield, NM 87413

    $334,999
    6.03 AC lot

    Eight-lot property with utility hookups and an existing month-to-month rental structure.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    La Plata Residential Land
    La Plata Residential Land

    26 ROAD 1470, La Plata, NM 87418

    $35,000
    1.19 AC lot

    Residential land with mountain views, suitable for various housing.

    View details
    Large Acreage in Bloomfield, NM
    Large Acreage in Bloomfield, NM

    N CHURCH Street, Bloomfield, NM 87413

    $130,000
    18.35 AC lot

    18.35 acres of land in Bloomfield, ready for development.

    View details
    Bloomfield Land For Sale
    Bloomfield Land For Sale

    MOUNTAINVIEW Circle, Bloomfield, NM 87413

    Contact for pricing
    0.08 AC lot

    Land suitable for a small mobile or tiny home.

    View details
    Bloomfield Land Ready For Home
    Bloomfield Land Ready For Home

    XYZ ROAD 4990 (R4003487), Bloomfield, NM 87413

    $45,000
    1.23 AC lot

    1.2 acre lot in East Hammond ready for new home.

    View details

    Off-Market Properties in Farmington, NM

    Consider similar Off-Market properties in Farmington, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    812 Vine Ave
    Multifamily properties

    812 Vine Ave, Farmington, NM 87401

    Estimated value: by Request
    View details
    602 Orchard Ave
    Multifamily properties

    602 Orchard Ave, Farmington, NM 87401

    Estimated value: by Request
    View details
    5211 Bloomfield Hwy
    Multifamily properties

    5211 Bloomfield Hwy, Farmington, NM 87401

    Estimated value: by Request
    View details
    760 Valentine Rd
    Multifamily properties

    760 Valentine Rd, Farmington, NM 87401

    Estimated value: by Request
    View details

    Farmington, NM Multifamily Properties Market Trends and Statistics

    Explore 14 multifamily properties for sale in Farmington, NM, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 10,300 square feet of properties for sale, with an estimated market value of $6,897,000.

    Sale prices for multifamily properties in Farmington, NM start at $350,000, averaging $862,125, and reaching up to $2,950,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 6
    Quadplexes 3
    Duplexes 1
    Mobile home & RV parks 1
    Small apartment buildings 1

    Demographics Overview

    Population 57K
    Population Growth (5Y) +3.2%
    Median Household Income $60,037
    College Educated 27.1%

    High-Yield Neighborhoods for Investment

    Identify Farmington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    87401 $630.6K
    87402 $1.7M

    Taxes & Financing

    Tax Rate (average for all types) 2.68%
    Property Tax per SF $50.66 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in San Juan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Farmington fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Farmington, NM

    Popular Searches in Farmington, NM

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    Most Searched ZIP Codes in Farmington, NM

    • 87401
    • 87402

    Featured Farmington Real Estate Agencies

    Realmo connects you with licensed Farmington CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    San Juan Realty
    624 East Main Street Farmington, NM 87401
    Phone: 15053274837
    www.sanjuanrealtynm.com
    Keller Williams Farmington
    3030 East Main St., Ste A- 5 Farmington, NM 87402
    Phone: 15052788431
    www.kwfarmingtonnm.com/
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