1301 W Main St Red River, NM 87558
Red River - Taos Valley NeighborhoodEstimated payment $7,406/month
Highlights
- Wood Flooring
- Community Barbecue Grill
- Wall Furnace
About This Home
This is an amazing investment opportunity! Check out this 14-room working lodge in the historic town of Red River on Main Street. In addition to the 14-rooms that can be rented out nightly, the property also has a 1500 sq ft owner suite to enjoy year-round. For growth purposes, the owner's suite could possibly be turned into more units. The property has 4 queen single rooms, 8 kitchenette rooms and 1 2-bedroom apartment across two floors that could be rented out nightly, weekly, or monthly depending on your future clients' needs. All FF&E, land and property conveys with sale. Large attached warehouse space is unused and also could be converted. Owner financing is available up to $300k. If you've ever wanted to own and operate a lodge in a beautiful ski town here is your opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,459
Year Built
- Built in 1950
Lot Details
- 8,276 Sq Ft Lot
Home Design
- Frame Construction
- Log Siding
Interior Spaces
- 7,000 Sq Ft Home
- Property has 2 Levels
- Microwave
- Basement
Flooring
- Wood
- CRI Green Label Plus Certified Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- No Cooling
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 1084169303075
Community Details
Overview
- 7,000 Sq Ft Building
- Red River Townsite Subdivision
Amenities
- Community Barbecue Grill
Building Details
- Manager's Unit
- Gross Income $378,178
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Price Changed | $1,299,999 | -6.1% | $186 / Sq Ft |
| 06/23/2025 06/23/25 | For Sale | $1,385,000 | 0.0% | $198 / Sq Ft |
| 06/21/2025 06/21/25 | Pending | -- | -- | -- |
| 05/04/2025 05/04/25 | Price Changed | $1,385,000 | -2.8% | $198 / Sq Ft |
| 02/20/2025 02/20/25 | Price Changed | $1,425,000 | -5.0% | $204 / Sq Ft |
| 10/16/2024 10/16/24 | For Sale | $1,500,000 | +1566.7% | $214 / Sq Ft |
| 09/10/2015 09/10/15 | Sold | -- | -- | -- |
| 07/10/2015 07/10/15 | Pending | -- | -- | -- |
| 12/03/2014 12/03/14 | For Sale | $90,000 | -- | $92 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1072539
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