500 N 3rd St Bloomfield, NM 87413
Estimated payment $7,385/month
Total Views
3,534
--
Bed
16
Baths
8,740
Sq Ft
$151
Price per Sq Ft
Highlights
- Separate Formal Living Room
- Forced Air Heating System
- Refrigerated and Evaporative Cooling System
- 1-Story Property
- Combination Kitchen and Dining Room
- Private Entrance
About This Home
''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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,110
Lot Details
- Private Entrance
- Property is in good condition
Home Design
- Quadruplex
- Built-Up Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 16 Full Bathrooms
- 1-Story Property
- Separate Formal Living Room
- Combination Kitchen and Dining Room
- Concrete Flooring
- Fire and Smoke Detector
- Oven or Range
Parking
- 2 Parking Spaces Included
- Paved Parking
- On-Street Parking
Schools
- Bloomfield Schools Elementary And Middle School
- Bloomfield Schools High School
Utilities
- Refrigerated and Evaporative Cooling System
- Forced Air Heating System
- Heating Panels
- Heating System Uses Gas
Community Details
- 16 Units
- Bloomfield Bonanza Community
- Loma Vista Subdivision
Listing and Financial Details
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $2,110 | $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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/04/2025 07/04/25 | For Sale | $1,323,100 | -- | $151 / Sq Ft |
Source: San Juan County Board of REALTORS®
About the Listing Agent
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
Allen's Other Listings
Source: San Juan County Board of REALTORS®
MLS Number: 25-876
APN: 0061094
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