$1,323,100

500 N 3rd St Bloomfield, NM 87413

Estimated payment $7,937/month

Total Views 14,045
6 Beds
9 Baths
8,740 Sq Ft
$151 Price per Sq Ft

Highlights

  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Evaporated cooling system

About This Home

This home is located at 500 N 3rd St, Bloomfield, NM 87413 and is currently priced at $1,323,100, approximately $151 per square foot. This property was built in 1980. 500 N 3rd St is a home with nearby schools including Bloomfield High School.

Listing Agent

Allen Elmore

eXp Realty, LLC Listed on: 08/27/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,039

Year Built

  • Built in 1980

Lot Details

  • 0.58 Acre Lot

Parking

  • Over 1 Space Per Unit

Home Design

  • Quadruplex

Interior Spaces

  • 9 Full Bathrooms
  • 8,740 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Oven or Range

Utilities

  • Evaporated cooling system
  • Window Unit Cooling System

Community Details

  • 16 Units

Listing and Financial Details

  • The owner pays for building insurance, real estate taxes, interior maintenance, ext maintenance (bldg), site maintenance (prop), gas, water/sewer, trash
  • Assessor Parcel Number 2063170335463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,039

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator
  • Estimated Total Acres: 0.58
  • Class: Multifamily
  • Em Deposit: 7500
  • Em Holder: title company
  • Legal Lot Block: 3 LOTS INCLUDING: LOMA VISTA ADDITION LOT 6 BLOCK 6 BK.1649 PG.881 / LOMA VISTA SUBDIVISION LOT 1 BLOCK 5 BK.1649 PG.88
  • Lot Size Acreage: .5 - .99
  • Parcel Id Number: 2063170335463
  • Price Per Sq Ft: 151.38
  • Residence Stories: One Story
  • Sale/Rent: For Sale
  • Street Descriptionaccess: City/Town
  • Street Designation: Street
  • Zoning: Residential Multi Family
  • Domestic Water Sewer: City Water, City Sewer
  • Heating Fuelsystem: Natural Gas, Forced Air
  • Landlord Pays: Building Insurance, Real Estate Taxes, Interior Maintenance, Ext Maintenance (Bldg), Site Maintenance (Prop), Gas, Water/Sewer, Trash
  • Metered: Metered for Electricity
  • Type: Fourplex
  • Total Taxes Dollar: 13039.16
  • Year Built: 1980
  • Prop Description Remarks: ''Bloomfield Bonanza'' Take advantage of this rare opportunity to acquire a well-performing 16-unit multifamily complex, ideally situated in the heart of Bloomfield, NM. Spanning over half an acre, this property includes four separate 4-plex buildings—three of which feature 1-bedroom, 1-bathroom units, and one offering 2-bedroom, 1-bathroom units. Vacancy rates are consistently low, with units leasing quickly due to strong demand and a central location. All units feature updated windows for improved energy efficiency and aesthetic appeal. Fourteen of the sixteen units have been upgraded with modern tile flooring, and many have newer water heaters—approximately half of which are electric. Each unit is equipped with wall heating and window-mounted A/C units, and tenants are responsible for their own electricity expenses. The complex offers a minimum of two dedicated parking spaces per unit, a low-maintenance lot with mature shade trees, and a no-pet policy that has helped preserve unit condition. While some exterior paint and roofing work may be needed, the sellers are open to offering a price reduction or repair credit to accommodate these improvements. Whether you're expanding your portfolio or seeking a reliable income-producing asset, this centrally located complex offers long-term upside with minimal ongoing management demands. OWNER CARRY AVAILABLE!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1072

Interior Features

  • Dining Room: Kitchen/Dining
  • Estimated Total Sq Ft: 8740
  • Full Bathrooms: 9
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 9
  • Total Office Den: 0

Garage/Parking

  • Parking: 2 per unit

Utilities

  • Cooling: Window Unit(s), Evaporative Cooler
  • Electric Supplier: Farmington Electric Utility System

Schools

  • High School: Open Enrollment

Lot Info

  • Geo Subdivision: NM

Rental Info

  • Tenant Pays: Electric
  • Furnished: Unfurnished

Multi Family

  • No. of Units: 16

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Open Enrollment
  • Middle School: Open Enrollment

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,161 $73,518 $0 $0
2024 $2,161 $71,377 $0 $0
2023 $2,110 $69,298 $0 $0
2022 $2,012 $67,280 $0 $0
2021 $1,967 $66,354 $0 $0
2020 $1,976 $66,885 $0 $0
2019 $2,070 $67,905 $0 $0
2018 $2,019 $65,803 $0 $0
2017 $1,885 $63,886 $0 $0
2016 $1,826 $62,026 $0 $0
2015 $1,767 $62,026 $0 $0
2014 $1,621 $58,465 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2025 08/27/25 For Sale $1,323,100 -- $151 / Sq Ft
Source: Colorado Real Estate Network (CREN)

About the Listing Agent

Allen Elmore

eXp Realty, LLC

(505) 591-6063

Section Image

NOW SERVING NW NEW MEXICO AND SW COLORADO!

After 25 years in the advertising and marketing industry, Allen Elmore founded AE Properties Team, and has focused his efforts on helping people buy and sell property with one guiding principle: The Platinum Rule (Treat Others How THEY Want To Be Treated).

Allen has managed 3 weekly advertising publications, a women’s health magazine, a car magazine, and a marketing company that focused on political campaigns, branding campaigns, and

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Source: Colorado Real Estate Network (CREN)

MLS Number: 827997

Colorado Real Estate Network (CREN)

APN: 2063170335469