Los Lunas, NM Multifamily properties for sale

Updated: Jan 30

Los Lunas Fourplex Opportunity

1345-1351 LOS LENTES Road NE, Los Lunas, NM 87031

$600,000

3,240 sqft 0.68 AC lot

4‑plex in Los Lunas with each unit offering 2 bedrooms and 1 bathroom
Month‑to‑month rentals available for the four units
Year built: 1988
Forced air heating; frame and stucco construction
Appliances include a free‑standing gas range and refrigerator

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This listing looks promising.

Here's a quick look at some key insights for

1345-1351 LOS LENTES Road NE, Los Lunas, NM 87031

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Est. Cap Rate

4.5%
NOI ÷ price
Est. NOI

$27K
Annual
Price @ 7% Cap

$386K
Suggested
Property Type

Single Family Residential
Built 1994

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Updated: Nov 6, 2025

Zoned C-1 Duplex with Development Land

102-104 Nathan Court, Los Lunas, NM 87031

$650,000

1,846 sqft 4.61 AC lot

2008‑built duplex with carpet and vinyl flooring
Forced‑air and central heating
Zoned C‑1 Commercial—operate as multi‑family rental or convert to office/retail use
Approximately 4.61 acres with space for future development of uses permitted by zoning
Utilities noted: 8'' water and sewer line close to or at the property line; 3‑phase power in the area

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Duplex on Commercial Zoned Acreage

102-104 Nathan Court, Los Lunas, NM 87031

$650,000

1,846 sqft 4.60 AC lot

Well-maintained duplex on C-1 land, offering flexible use options in a commercial area near Tractor Brewing and Ribs BBQ.

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Los Lunas, 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.

Triplex with Highway Frontage

19649 Highway 314, Belen, NM 87002

$649,950

1,338 sqft 3.19 AC lot

Three rented homes on 3.19 acres with approximately 616 feet of highway frontage.

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Residential Duplex with Private Outdoor Space

2404 Cunningham Avenue SE, Albuquerque, NM 87106

$495,000

1,930 sqft 0.17 AC lot

Well-maintained duplex used as an AirBNB, featuring refrigerated air, a separated primary suite, and a private outdoor area.

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Multi-Family Investment Quadplex

3102 Rosendo Garcia Road SW, Albuquerque, NM 87105

$499,999

4,465 sqft 0.51 AC lot

Four heated and cooled units on a vacant half-acre property with recent HVAC, plumbing, and electrical upgrades.

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Two Multifamily Buildings For Sale

101 & 111 North 3rd Street, Belen, NM 87002

Contact for pricing

3,500 sqft 0.47 AC lot

Two separate multifamily properties are offered together, each with multiple units and covered carport parking.

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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.

Los Lunas Land Near Electric

Duarte Lot 3, Los Lunas, NM 87031

$42,000

1.99 AC lot

1.99 AC lot near Hwy 6 with electric access.

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Los Lunas Land For Sale

76 Duarte Road, Los Lunas, NM 87031

$42,000

2.03 AC lot

2.03 AC lot ready for mobile home or house.

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Land Available in Belen, NM

Somerset Street, Belen, NM 87002

$49,000

32,670.00 AC lot

Residential lots available for builders or individual home construction.

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Belen, NM Land For Sale

50 Ogaz Road, Belen, NM 87002

$200,000

4.99 AC lot

4.99 acres of fenced land with well in place.

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Los Lunas, NM Multifamily Properties Market Trends and Statistics

Explore 3 multifamily properties for sale in Los Lunas, NM, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,932 square feet of properties for sale, with an estimated market value of $1,900,000.

Sale prices for multifamily properties in Los Lunas, NM start at $600,000, averaging $633,333, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
87031	$1.4M

Neighborhood

Average Price

87031

$1.4M

Los Lunas, NM Multifamily Properties for Sale

1345-1351 LOS LENTES Road NE, Los Lunas, NM 87031

102-104 Nathan Court, Los Lunas, NM 87031

102-104 Nathan Court, Los Lunas, NM 87031