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    Garfield, NM Multifamily Properties for Sale

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    Hatch, NM Caballo, NM Derry, NM
    Mixed-Use Property in Garfield, NM
    $140,000
    1.20 Acres
    Mixed-Use Property in Garfield, NM

    8835 Highway 187, Garfield, NM 87936

    Multi-family and commercial property near school and interstate access.
    • Zoned for residential, multi‑family, and commercial use, offering versatile development options.
    • Connections for up to 3 mobile homes with utility hookups.
    • Large 2,060 sq ft shop (built in 1983) with metal roof, roll‑up doors, and a 40' x 20' shaded carport.
    • Convenient location across from a school and minutes from interstate access, shopping, and a business center.
    • Includes a former convenience store (built in 1940) with an existing 1/2 bath.
    Updated: May 23, 2025
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Garfield, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Corner Lot Development Opportunity
    $269,000
    4,000 SF
    Corner Lot Development Opportunity

    1.5-acre corner lot with flexible zoning and development potential.

    865 Tres Amigos Road, Las Cruces, NM 88007

    View details
    Hoosier Hot Springs Historic District
    $2,279,000
    5,528 SF
    Hoosier Hot Springs Historic District

    Historic district property with hot springs, inn, and residences.

    516 Austin St, Truth Or Consequences, NM

    View details
    Mixed-Use Property with Residential Units
    $450,000
    0.22 Acres
    Mixed-Use Property with Residential Units

    Multi-tenant property with commercial and residential spaces, parking, courtyard.

    4001 W Picacho Avenue, Las Cruces, NM 88007

    View details
    Hoosier Hot Springs & Inn
    $2,279,000
    5,528 SF
    Hoosier Hot Springs & Inn

    Historic hot springs and inn with short and long-term rentals.

    516 Austin St, Truth Or Consequences, NM 87901

    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.

    Multi-Use Property in Garfield, NM
    $140,000
    1.20 Acres
    Multi-Use Property in Garfield, NM

    Versatile property suitable for residential, multi-family, and commercial use.

    8835 Highway 187, Garfield, NM 87936

    View details
    Land in Las Cruces, NM
    $133,500
    4.04 Acres
    Land in Las Cruces, NM

    4.04 acre lot zoned for house or mobile home.

    7563 El Centro Boulevard, Las Cruces, NM 88012

    View details
    Spacious Lot with Mountain Views
    $90,000
    1.16 Acres
    Spacious Lot with Mountain Views

    1.16-acre lot with mountain views, ready for your dream home.

    9200 El Centro Boulevard lot: 4, Las Cruces, NM 88012

    View details
    Land in Vado, New Mexico
    $135,000
    1.81 Acres
    Land in Vado, New Mexico

    1.81 acre lot zoned D2 with city utilities.

    89 Coors Road, Vado, NM 88072

    View details

    Garfield, NM Multifamily Properties Investment Opportunities Market Analysis

    Explore 1 multifamily properties for sale in Garfield, NM on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $140,000.

    Sale prices for multifamily properties in Garfield, NM start at $140,000, averaging $140,000, and reaching up to $140,000 — 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

    Mobile home & RV parks 1

    Demographics Overview

    Population 249
    Population Growth (5Y) -2.4%
    Median Household Income $21,393

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    87936 $140K

    Taxes & Financing

    Tax Rate (average for all types) 3.04%
    Property Tax per SF $96.90 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Dona Ana County

    New Delisted

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