706 N DUSTIN Avenue, Farmington, NM 87401

$350,000
Property Type: Residential Income Baths: 3 Status: Active
Current Price: $350,000 List Date: 10/13/2026 Last Modified: 10/22/2026

Overview

Description

Double-digit returns on three doors. A 10.6% gross cap rate, 100% occupancy. An excellent investment opportunity featuring three rental units with established tenants and a history of rental income. Generating a combined $3,100 in monthly rental income, this multifamily property offers an opportunity to add an income-producing asset to your portfolio. All three units feature remodeled bathrooms, with select updates throughout the property, including flooring and paint. Unit B also features a brand-new wall furnace. With tenants already in place and a rental history to support the investment, this property is a great opportunity for investors looking to expand their rental portfolio or step into multifamily ownership.

Listing Details MLS# 26-1264

Location, Tax & Legal

Area
7G
Street Number
706
Street Direction Pfx
N
Street Name
DUSTIN
Street Suffix
Avenue
County
San Juan
State/Province
NM
Postal Code
87401
Subdivision
Eaton addition
Elementary School
McKinley Elementary
Middle School
Tibbetts Middle School
High School
Farmington High School
Legal
BEG 1001 FT NORTH AND 25 FT EAST OF SW CORNER OF SEC 10 29 13; THENCE NORTH 78 FT, EAST 125 FT, SOUTH 78 FT, WEST 125 F
Annual Taxes
2721.36
Pending Foreclosure
No
Foreclosed
No
Relocation
No
Short Sale
No

Listing Info

GRT Location Code
16-121

Property Information

Sub Type
Multi Family
For Sale
Sale
Realtor.com Type
Multi-Family
Age
51 +
Total Living Area
1401 to 1800
Approx. SqFt
1487
# of 1 Bedroom Units
Yes
# of 2 Bedroom Units
Yes
# of 3 Bedroom Units
Yes
# of Units
3
Total Full Baths
3
Total Bathrooms
3
Gross Months Rent
3100

Status Change Info

Status Change Date
2026-10-13

Remarks & Misc

Public Remarks
Double-digit returns on three doors. A 10.6% gross cap rate, 100% occupancy. An excellent investment opportunity featuring three rental units with established tenants and a history of rental income. Generating a combined $3,100 in monthly rental income, this multifamily property offers an opportunity to add an income-producing asset to your portfolio. All three units feature remodeled bathrooms, with select updates throughout the property, including flooring and paint. Unit B also features a brand-new wall furnace. With tenants already in place and a rental history to support the investment, this property is a great opportunity for investors looking to expand their rental portfolio or step into multifamily ownership.

Zoning

Multi-Fam Low Dens
Yes

More Information

Possession

Closing
Yes

Operating Expenses

Electricity
Yes
Sanitation
Yes
Sewer & Water
Yes

Condition

Good
Yes

Type Tenancy

Month - Month
Yes
One Year Lease
Yes

Parking

Paved Area
Yes

Parking Per Unit

Two
Yes

Flood Zone A

Unknown
Yes

Number of Stories

One
Yes

Construction

Other
Yes

Roof

Compsition (Asp/Shg)
Yes

Heating

Other
Yes

Floor

Crawl Space
Yes
Slab
Yes

Cooling

Evaporative Cooling
Yes

Appliances

Oven/Range
Yes
Refrigerator
Yes

Util/Svc incl Rent

Electric
Yes
Gas
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Miscellaneous

Master Meters
Yes
Separate Meters
Yes

Water & Sewer

City Sewer
Yes
City Water
Yes

Occupied

Leased/Rented
Yes

Sign on Property

Yes
Yes

How To Show

Tenant Notice Required
Yes

Property Features

Zoning: Multi-Fam Low Dens Operating Expenses: Electricity; Sanitation; Sewer & Water Condition: Good Type Tenancy: Month - Month; One Year Lease Parking: Paved Area Parking Per Unit: Two Number of Stories: One Construction: Other Roof: Compsition (Asp/Shg) Floor: Crawl Space; Slab Heating: Other Cooling: Evaporative Cooling Appliances: Oven/Range; Refrigerator Miscellaneous: Master Meters; Separate Meters Flood Zone A: Unknown Possession: Closing Occupied: Leased/Rented How To Show: Tenant Notice Required Sign on Property: Yes
IDX
Listing Office: RE/MAX of Farmington
Listing Agent: Crystal Chavez
Last Updated: October - 22 - 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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