$650,000
$325K PRICE DROP

Estimated payment $4,161/month

Total Views 16,396
-- Bed
-- Bath
1,846 Sq Ft
$352 Price per Sq Ft

Highlights

  • 4.6 Acre Lot
  • Refrigerated and Evaporative Cooling System
  • 1-Story Property
  • No HOA
  • No Interior Steps
  • Forced Air Heating System

About This Home

Well-maintained duplex offering solid tenant income and excellent potential for growth! Zoned C-1 Commercial, this property provides flexible opportunities — continue operating it as a multi-family rental or convert it into office or retail space while developing the land. The existing structure sits on approximately 4.61 acres, allowing for future development of any use permitted by zoning. Located in a thriving commercial area, the property is bordered by Tractor Brewing and Ribs BBQ, with major retailers, big-box shopping, and popular restaurants all within a half-mile radius. This is a rare opportunity ideal for investors, developers, or owner-users looking to generate income today while planning for tomorrow's expansion.

Listing Agent

Jeremiah Collins

Real Broker LLC License #16694 Listed on: 11/20/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Home Design

  • Duplex
  • Pitched Roof

Interior Spaces

  • 1,846 Sq Ft Home
  • 1-Story Property

Utilities

  • Refrigerated and Evaporative Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters

Additional Features

  • No Interior Steps
  • 4.6 Acre Lot

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1 011 038 175 190 000000

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

4.6 Acres

Listing Details

  • Property Sub Type: Duplex
  • Year Built: 2008
  • Prop. Type: Residential Income
  • Directions: I25 South towards Los Lunas. Take Exit 215 onto Highway 47. Left on Lujan, right on Nathan to property.
  • Architectural Style: One Story
  • Garage Yn: No
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: No Interior Steps

Exterior Features

  • Roof: Pitched

Utilities

  • Cooling: Evaporative Cooling
  • Utilities: Separate Meters, Electricity Available
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Unknown
  • High School: Unknown
  • Middle Or Junior School: Unknown

Lot Info

  • Lot Size Acres: 4.6
  • Zoning: C-1
  • Lot Size Sq Ft: 200376.0
  • Parcel #: 1 011 038 175 190 000000
  • Zoning Description: C1

Multi Family

  • Number Of Units Total: 2

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/17/2026 04/17/26 Price Changed $650,000 -13.3% $352 / Sq Ft
03/16/2026 03/16/26 Price Changed $750,000 -3.2% $406 / Sq Ft
02/10/2026 02/10/26 Price Changed $775,000 -20.5% $420 / Sq Ft
11/20/2025 11/20/25 For Sale $975,000 -- $528 / Sq Ft
Source: Santa Fe Association of REALTORS®

Source: Santa Fe Association of REALTORS®

MLS Number: 202505159

Santa Fe Association of REALTORS®

APN: 1-011-038-175-190-000000

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