New Mexico Residential Income Properties for Sale

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

249 properties

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Updated: May 13

Albuquerque Multifamily Investment Opportunity

3505 Lafayette Drive NE, Albuquerque, NM 87107

$950,000

9,100 sqft 0.38 AC lot

7‑apartment townhome‑style building with two‑story 2‑bedroom, 1.5‑bath floorplans
Each apartment offers 1,300 SF of living space with large living areas and woodburning stoves
Updated kitchens include dishwashers and electric ranges
Separate large utility rooms feature washer/dryer hookups or an included washer/dryer
Apartments are separately metered for gas and electric and have forced central heating

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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: Jul 14

Four-Unit Detached Income Property

224 Guadalupe, Santa Fe, NM 87501

$1,600,000

3,700 sqft 0.22 AC lot

Four detached units on one parcel sold together with total 3,700 +/- SF
Income‑producing units located four blocks west of Santa Fe Plaza
New insulated TPO roof; roof type noted as membrane
Sewer line replaced in 2019; public water and public sewer
Two units updated in 2000; 3 of 4 units feature granite countertops and real oak hardwood floors

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Nine-Unit Multifamily Property

6720 Cochiti Road SE, Albuquerque, NM 87108

$579,000

4,300 sqft 0.31 AC lot

For-sale nine-unit multifamily asset near the State Fair grounds, offered with scheduled tour and offer dates.

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Renovated Multifamily Property with Courtyard

201 Lincoln Avenue, Grants, NM 87020

$1,100,000

7,090 sqft 0.40 AC lot

Renovated units with 2024 mini-split HVAC and washer/dryer hookups, plus a secure gated courtyard.

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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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Historic Mill House Apartments in Taos

102 Padre Martinez Lane, Taos, NM 87571

$1,795,000

5,011 sqft 0.45 AC lot

Territorial-style multifamily property near Taos Plaza with four furnished units.

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Three-Residence Compound with Indoor Arena

54 Rons Road, Santa Fe, NM 87508

$1,210,000

5,975 sqft 9.36 AC lot

A compound with three residences, a heated pool, a private well, and an equestrian center featuring an indoor riding arena.

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Mixed-Use Arts Residency Property

4 N Chamisa, Santa Fe, NM 87508

$1,599,000

4,815 sqft 2.32 AC lot

Extensively renovated campus combines gallery, private art studios, and residential apartments with direct Highway 285 access.

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Remodeled Fourplex with Private Yards

12608 Copper Avenue NE, Albuquerque, NM 87123

$549,000

3,571 sqft 0.22 AC lot

Turnkey fourplex offering four remodeled 2-bedroom units with private fenced yards, washer/dryer hookups, and individually metered utilities.

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Santa Fe Multifamily Investment Opportunity

3226 Rufina Street, Santa Fe, NM 87507

$3,041,053

11,440 sqft 0.88 AC lot

Multifamily property near Meow Wolf with diverse unit sizes.

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Updated 32-Unit Apartment Complex

433 Mesilla SE, Albuquerque, NM 87108

$2,323,232

14,660 sqft

Recently renovated multi-family complex with 32 mostly one-bedroom units across two buildings on four parcels.

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Fourplex with Off-Street Parking

4301 Calle Andrew, Santa Fe, NM 87507

$899,000

4,032 sqft 0.09 AC lot

Fully leased fourplex with four two-bedroom, two-bath units, each with gas fireplace and small yard.

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Soft-Gated Multifamily Community

8600 Zuni Road SE, Albuquerque, NM 87108

$1,793,434

16,020 sqft 1.00 AC lot

Well-maintained apartments with modern upgrades, secured outdoor areas, and a large community laundry room with free machines.

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Spacious Updated Townhome-Style Apartments

3505-09 Lafayette NE, Albuquerque, NM 87107

$950,000

9,100 sqft

Seven updated townhome-style apartments in a convenient Albuquerque location.

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Multi-Family Property with Four Units

3102 Rosendo Garcia Road SW, Albuquerque, NM 87105

$549,999

4,465 sqft 0.51 AC lot

For-sale multi-family with four heated/cooled units, recent HVAC and electrical/plumbing upgrades, and current vacancy.

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Three-Unit Triplex with Assigned Parking

2702, 2710, 2712 Calle De Oriente Norte, Santa Fe, NM 87507

$675,000

3,064 sqft 0.19 AC lot

Well-maintained triplex with individually metered utilities and in-unit laundry for each unit.

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Updated Apartment Community with Laundry

8600 Zuni SE, Albuquerque, NM 87108

$1,793,434

15,325 sqft

Twenty-five updated units with secure shared outdoor space and an on-site community laundry room.

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Two-Unit Residential Income Property

325 Fiesta Street, Santa Fe, NM 87501

$750,000

776 sqft 0.17 AC lot

Main 2-bedroom, 1-bath home plus detached 2022 casita/studio, separately metered utilities, fenced grounds.

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Charming Downtown Fourplex

715 Fruit NW, Albuquerque, NM 87102

$555,555

2,565 sqft

Fourplex with a studio, two 1BR/1BA units, and a 2BR/1BA main residence plus separate laundry and resident parking.

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Quadplex Residential Income Property

1928 Buena Vista Drive SE, Albuquerque, NM 87106

$528,895

3,816 sqft 0.14 AC lot

Four-unit residential income property offered for sale in Albuquerque’s 87106 area.

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University Area Apartment Eightplex

2104 Lead SE, Albuquerque, NM 87106

$619,887

2,670 sqft

Eight units mix studios and one-bedroom apartments with updates for energy efficiency and parking by each entry.

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Restored Adobe Duplex Property

1913 Lomas Boulevard NW, Albuquerque, NM 87104

$619,900

1,613 sqft 0.25 AC lot

Own two lovingly restored adobe homes with updated kitchens and baths, currently operating as short-term rentals.

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South Campus Area Fourplex

1809 Girard SE, Albuquerque, NM 87106

$547,931

3,100 sqft

Fourplex near UNM with golf course views.

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Albuquerque Fourplex with Laundry

3609 Wellesley Drive NE, Albuquerque, NM 87107

$641,829

4,194 sqft 0.20 AC lot

Fourplex with two-bedroom units and in-unit laundry.

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New Mexico Residential Income Properties Market Trends and Statistics

Explore 249 residential income properties for sale in New Mexico, showcased through 249 active listings on our real estate platform. These investment opportunities span a total of 1,041,575 square feet of properties for sale, with an estimated market value of $198,836,592.

Sale prices for residential income properties in New Mexico start at $99,000, averaging $1,041,029, and reaching up to $5,680,000 — 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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