5915 E Main St Farmington, NM 87402
Farmington AreaEstimated payment $19,227/month
About This Home
INVESTMENT OPPORTUNITY | MULTIPLE INCOME STREAMS + UPSIDE POTENTIAL!
Take advantage of this unique income-producing opportunity in Farmington, NM, offering a diversified mix of 30+ studio units, a single-family residence, laundry area, office and an established on-site restaurant secured by a 5-year lease. With current residential occupancy approximately 75%-80%, the property offers existing cash flow along with meaningful upside through continued lease-up and stabilization.
Recent operating performance is strong, with $98,319 in net income for the first half of 2026, annualizing to approximately $196,638. This equates to an indicated annualized cap rate of approximately 6.67%.
Multiple revenue streams, established commercial tenancy, and additional income potential make Wild Goose an attractive opportunity for investors looking for cash flow today with room for growth tomorrow. Financials and rent roll available to qualified buyers. Annualized figures are based on the most recent six months of operations; buyer to independently verify all financial information.
Map
Property Details
Home Type
Multi-Family
Lot Details
0 Sq Ft Lot
Listing Details
- Prop. Type: Residential Income
- Property Sub Type: Multi Family
- Co List Office Mls Id: 51
- Subdivision Name: None
- Directions: E Main Street north of Pinon Hills Blvd
- ApprovalStatus: Yes
- DelayedMarketingYN: No
- OriginatingSystemPlatformID: T00000052
- OriginatingSystemPlatformName: Flexmls
- SourceSystemPlatformID: T00000052
- SourceSystemPlatformName: Flexmls
- Flood Zone A: Unknown
- How To Show: Appointment Only, See Remarks, Tenant Notice Required
- Listing Info: GRT Location Code: 16-121
- Location, Legal & Taxes: Legal: BEG AT NW CORNER OF SE/4NE/4 OF SEC 31 30 12. THENCE EAST 20 FT, NORTH 6 FT TO S R/W HWY NO.550, N58-28E 324.24 FT ALO
- Location, Legal & Taxes: Offer Letters Accepted: N
- Location, Legal & Taxes: Relocation: No
- Location, Legal & Taxes: Short Sale: No
- Location, Legal & Taxes: Tax Year: 2026
- Property Information: Age: 51 +
- Property Information: Realtor.com Type: Multi-Family
- Sign on Property: No
- Location, Legal & Taxes: Annual Taxes: 23181.08
- Property Information: For Sale: Sale
- Property Information: Lot Size: 1.772
- Condition: Good
- Documents on File: Owner Operating Stmt, Financial Details
- Miscellaneous: Separate Meters
- Occupied: Leased/Rented
- Property Information: Building Name: Wild Goose
- Construction: Brick, Concrete Block
- Operating Expenses: Property Management, Sanitation, Sewer & Water
- Property Information: Approx. SqFt: 13,441
- Property Information: Total Living Area: 3501 or More
- Property Information: # of Units: 34
- Type Tenancy: Month - Month, Six Month Lease, Negotiable
- Unit Features: Furniture
- UtilSvc incl Rent: Water, Trash Collection, Sewer
- Water Sewer: City Water, City Sewer
- Special Features: None
Interior Features
- Owner Pays: Sewer
- Full Bathrooms: 27
- BathroomsTotalDecimal: 27.0
- Property Information: # of 1 Bedroom Units: 27.0
- Floor: Slab
Exterior Features
- Roof: Tar & Gravel
Garage/Parking
- Parking: Paved Area
- Parking Per Unit: One
Utilities
- Cooling: Evaporative Cooling
Lot Info
- Zoning Description: Multi-Fam Med Dens
- Zoning: Multi-Fam Med Dens
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 |
|---|---|---|---|---|
| 09/04/2026 09/04/26 | For Sale | $2,950,000 | -- | -- |
Source: San Juan County Board of REALTORS®
MLS Number: 26-1115
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Ask me questions while you tour the home.