For sale

$650,000

102-104 Nathan Rd, Los Lunas, NM 87031

4beds

2baths

1,846sqft

$4,412/mo

Get pre-qualified

Duplex, Multi Family, Multi Family

Built in 2008

-- sqft lot

$-- Zestimate^®

$352/sqft

$-- HOA

What's special

Well-maintained duplex offering solid tenant income and excellent potential for growth! Zoned C-1 Commercial, this property provides flexible opportunities — continue operating it as a multi-family rental or convert it into office or retail space while developing the land. The existing structure sits on approximately 4.61 acres, allowing for future development of any use permitted by zoning. Located in a thriving commercial area, the property is bordered by Tractor Brewing and Ribs BBQ, with major retailers, big-box shopping, and popular restaurants all within a half-mile radius. This is a rare opportunity ideal for investors, developers, or owner-users looking to generate income today while planning for tomorrow's expansion.

322 days
77
3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air, Natural Gas

Cooling

Evaporative Cooling

Features

No Interior Steps
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,846
Total interior livable area: 1,846 sqft

Property

Accessibility

Accessibility features: Not ADA Compliant

Lot

Size: 4.6 Acres

Details

Parcel number: 1 011 038 175 190 000000
Zoning: C-1
Zoning description: C1
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: One Story
Property subtype: Duplex, Multi Family, Multi Family

Materials

Roof: Pitched

Condition

Year built: 2008

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate Meters, Electricity Available

Community & HOA

HOA

Has HOA: No

Location

Region: Los Lunas

Financial & listing details

Price per square foot: $352/sqft
Date on market: 11/20/2025
Listing terms: Cash,Conventional,Other,See Remarks
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/2/2026	Pending sale	$650,000$352/sqft
Source: SWMLS #1094429 Report a problem
4/17/2026	Price change	$650,000-13.3%$352/sqft
Source: SWMLS #1094429 Report a problem
3/13/2026	Price change	$750,000-3.2%$406/sqft
Source: SWMLS #1094429 Report a problem
2/10/2026	Price change	$775,000-20.5%$420/sqft
Source: SWMLS #1094429 Report a problem
11/13/2025	Listed for sale	$975,000$528/sqft
Source: SWMLS #1094429 Report a problem