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Land with Home for Sale in Farmington, New Mexico

5915 E Main St, Farmington, NM 87402

$2,950,000
1.77 acres
Active sale
ago
Est $17,004/mo

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.

Sq feet
27
Beds
27
Full baths

Location

Street address
5915 E Main St
Zip code
87402
Elevation
5,502 feet
Coordinates
36.7732, -108.1341

Directions

E Main Street north of Pinon Hills Blvd

Property details

Acreage
1.772 acres77,188 sq ft
Zoning
Multi-Fam Med Dens
MLS #
SJCBR 26-1115
Posted

Property taxes

2026
$23,181

Legal description

Details and features

Listing

Type
Residential Multi Family
Franchise
RE/MAX International

Structure

Stories
2
Cooling
Evaporative Cooling

Interior

Rooms
Bathroom x 27, Bedroom x 27

Listing history

DateEventPriceChangeSource
Sept 4, 2026New listing$2,950,000SJCBR
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This 1.772-acre property is located at 5915 E Main St in Farmington, NM 87402. The property is available for sale, priced at $2,950,000. It has a 27-bedroom, 27-bath house.

Listed by RE/MAX of Farmington, (505) 327-4777

Checked 2 hours agoUpdated Source

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Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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