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    Farmington, NM
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    Farmington, NM Multifamily Properties for Sale

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    Farmington Land Opportunity
    Updated: Dec 24, 2025
    Farmington Land Opportunity

    4303 HUDSON Street, Farmington, NM 87402

    $400,000
    1.55 AC lot
    Rezoned for high‑density multi‑family use, ideal for developers/investors.
    Approximately 1.551 acres consisting of three parcels.
    Located in an established, high‑demand area within a high‑density corridor.
    Utilities available at the property.
    Excellent opportunity for multi‑family housing or related development.
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    Duplex With Workshop
    Updated: Aug 24
    Duplex With Workshop

    707 N VINE Avenue, Farmington, NM 87401

    $410,000
    1.579 +/- irrigated acres within Farmington city limits
    Two‑bedroom, two‑bath primary residence
    Detached 472‑square‑foot apartment with kitchen, living area, bedroom, and bathroom
    Approximately 1,289 square feet in the main home
    1,093‑square‑foot workshop plus additional storage and a carport
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    Furnished Duplex with RV Space
    Furnished Duplex with RV Space

    609 W ANIMAS Street, Farmington, NM 87401

    $225,000

    Each furnished unit includes one bedroom, one bathroom, courtyard entry, and access to laundry facilities.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    Duplex with Fenced Backyards
    Duplex with Fenced Backyards

    301-305 FRANCIS Avenue, Farmington, NM 87401

    $225,000

    Two residential units each include private outdoor space, covered parking, and window-unit cooling.

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    Mobile Home & RV Park with Fourplex
    Mobile Home & RV Park with Fourplex

    1113 W Apache St, Farmington, NM 87401

    Contact for pricing
    1.18 AC lot

    Includes a fourplex, nine mobile homes, and a separate site-built residence.

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    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    621 W APACHE Street, Farmington, NM 87401

    Contact for pricing

    Duplex offers two 1-bedroom, 1-bath units with tenant-paid electric and gas.

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    100-Unit Apartment Building
    100-Unit Apartment Building

    401 Nelson Ave, Farmington, NM 87401

    Contact for pricing

    Stabilized multifamily property with furnished and unfurnished units, on-site office and storage improvements, and resident laundry equipment.

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    Farmington Multifamily Investment Opportunity
    Farmington Multifamily Investment Opportunity

    914 WALNUT Drive A B C D, Farmington, NM 87401

    Contact for pricing

    Four units, each with two bedrooms and one bathroom.

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    Mobile Home Park With 53 Spaces
    Mobile Home Park With 53 Spaces

    951 N AUBURN Avenue, Farmington, NM 87401

    Contact for pricing

    The park includes separately metered gas and electric service at each rental space.

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    Mobile Home Park With Residences
    Mobile Home Park With Residences

    2300 W APACHE Street, Farmington, NM 87401

    Contact for pricing

    Property includes park-owned mobile homes, rented spaces, and a site-built residence.

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    Four-Unit Apartment Property
    Four-Unit Apartment Property

    1005 WALNUT Drive, Farmington, NM 87401

    Contact for pricing

    Apartments offer wood flooring, individual utility meters, dedicated water heaters, and paved tenant parking.

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    Mixed-Use Property with Retail Buildings
    Mixed-Use Property with Retail Buildings

    805 807 E MAIN Street, Farmington, NM 87401

    Contact for pricing

    Two separate commercial buildings are paired with three rear apartments and a paved parking area.

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    Updated Duplex with Fenced Yard
    Updated Duplex with Fenced Yard

    302 N COURT Avenue, Farmington, NM 87401

    Contact for pricing

    Two residential units offer a two-bedroom and one-bedroom configuration.

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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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    Apartment Building
    Apartment Building

    213 S WAGNER Avenue, Farmington, NM 87401

    Contact for pricing

    Multifamily property with landlord-paid water and sewer service.

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    Based on your search, we've compiled 28 Potential Opportunities for your consideration. Besides 16 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.

    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
    Multifamily Property with Agricultural Facilities
    Multifamily Property with Agricultural Facilities

    19 Road 4870, Bloomfield, NM 87413

    $339,900
    8.22 AC lot

    Two residential units accompany irrigated acreage and extensive agricultural processing, storage, and outbuilding infrastructure.

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    Mobile Home Lot with Hookups
    Mobile Home Lot with Hookups

    2 ROAD 3186, Aztec, NM 87410

    Contact for pricing

    Mobile home lot with utility hookups, currently rented for $220 per month.

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    Mobile Home Park Lot
    Mobile Home Park Lot

    11 ROAD 3189, Aztec, NM 87410

    Contact for pricing

    Mobile home lot with full hook-ups, currently rented at $220 per month.

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    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.

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    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.

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    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.

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    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

    Value Estimation by Request
    View details
    602 Orchard Ave
    Multifamily properties

    602 Orchard Ave, Farmington, NM 87401

    Value Estimation by Request
    View details
    5211 Bloomfield Hwy
    Multifamily properties

    5211 Bloomfield Hwy, Farmington, NM 87401

    Value Estimation by Request
    View details
    760 Valentine Rd
    Multifamily properties

    760 Valentine Rd, Farmington, NM 87401

    Value Estimation by Request
    View details

    Farmington, NM Multifamily Properties Market Trends and Statistics

    Explore 20 multifamily properties for sale in Farmington, NM, showcased through 16 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 $2,310,000.

    Sale prices for multifamily properties in Farmington, NM start at $225,000, averaging $462,000, and reaching up to $1,050,000 — 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

    Duplexes 6
    Apartment buildings 4
    Mobile home & RV parks 4
    Quadplexes 3
    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
    87402 $400K
    87401 $444K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in San Juan County

    Retail

    Property Size Breakdown

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

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    Browse Multifamily properties for Sale Near 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/
    R1 New Mexico Farmington
    206 W. Main Street Farmington, NM 87401
    Phone: 19709466511
    newmexico.r1realestatepros.com/farmington

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