5915 E MAIN Street, Farmington, NM 87402

$2,950,000

Property Type: Residential Income Baths: 27 Status: Active

Current Price: $2,950,000 List Date: 9/04/2026 Last Modified: 9/04/2026

Overview

Description

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 re ... (Read more)

Listing Details MLS# 26-1115

Location, Tax & Legal

Area: 3L
Street Number: 5915
Street Direction Pfx: E
Street Name: MAIN
Street Suffix: Street
County: San Juan
State/Province: NM
Postal Code: 87402
Subdivision: None
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
Annual Taxes: 23181.08
Tax Year: 2026
Pending Foreclosure: No
Foreclosed: No
Relocation: No
Short Sale: No
Offer Letters Accepted: N

Listing Info

GRT Location Code: 16-121

Property Information

Building Name: Wild Goose
Sub Type: Apartment Building Complex
For Sale: Sale
Realtor.com Type: Multi-Family
Age: 51 +
Total Living Area: 3501 or More
Approx. SqFt: 13,441
# of 1 Bedroom Units: 27
# of Units: 34
Total Full Baths: 27
Total Bathrooms: 27
# of 2 Bedroom Units: 0
# of 3 Bedroom Units: 0

Status Change Info

Status Change Date: 2026-09-04

Remarks & Misc

Public Remarks: 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.

Zoning

Multi-Fam Med Dens: Yes

More Information

Possession

Closing: Yes
Recording: Yes

Operating Expenses

Property Management: Yes
Sanitation: Yes
Sewer & Water: Yes

Documents on File

Financial Details: Yes
Owner Operating Stmt: Yes

Condition

Good: Yes

Type Tenancy

Month - Month: Yes
Six Month Lease: Yes
Negotiable: Yes

Parking

Paved Area: Yes

Parking Per Unit

One: Yes

Flood Zone A

Unknown: Yes

Number of Stories

Two: Yes

Construction

Brick: Yes
Concrete Block: Yes

Roof

Tar & Gravel: Yes

Floor

Slab: Yes

Cooling

Evaporative Cooling: Yes

Appliances

Refrigerator: Yes

Util/Svc incl Rent

Sewer: Yes
Trash Collection: Yes
Water: Yes

Unit Features

Furniture: Yes

Miscellaneous

Separate Meters: Yes

Water & Sewer

City Sewer: Yes
City Water: Yes

Occupied

Leased/Rented: Yes

Sign on Property

No: Yes

How To Show

Appointment Only: Yes
Tenant Notice Required: Yes
See Remarks: Yes

Property Features

Zoning: Multi-Fam Med Dens Operating Expenses: Property Management; Sanitation; Sewer & Water Documents on File: Financial Details; Owner Operating Stmt Condition: Good Type Tenancy: Month - Month; Six Month Lease; Negotiable Parking: Paved Area Parking Per Unit: One Number of Stories: Two Construction: Brick; Concrete Block Roof: Tar & Gravel Floor: Slab Cooling: Evaporative Cooling Appliances: Refrigerator Unit Features: Furniture Miscellaneous: Separate Meters Flood Zone A: Unknown Possession: Closing; Recording Occupied: Leased/Rented How To Show: Appointment Only; Tenant Notice Required; See Remarks Sign on Property: No

Documents

LBP Addendum ›

Property Record Card ›

FINCEN ›

Earnest Money Dispute Info ›

Independent Consideration Info Sheet ›

Tax Estimate ›

Listing Office: RE/MAX of Farmington

Listing Agent: Darin W Cahoon

Last Updated: September - 04 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

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