Pending

$69,500

128 Water St, Raton, NM 87740

2beds

1,032sqft

Get pre-qualified

Single Family Residence

Built in 1945

6,673 Square Feet Lot

$-- Zestimate^®

$67/sqft

$-- HOA

What's special

This affordable 2-bedroom, 1-bath property offers solid investment potential for buyers seeking rental income or a low-cost retirement option. Located near an elementary school and within a short distance to downtown Raton, the home provides convenient access to daily essentials. With some updates and TLC needed, this property presents an excellent opportunity to add value and customize to your needs. A practical choice for investors or budget-conscious buyers looking for long-term potential.

195 days

70

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Natural Gas, Space Heater

Appliances

Included: Free-Standing Range

Features

Flooring: Carpet, Vinyl
Has fireplace: No

Interior area

Total structure area: 1,032
Total interior livable area: 1,032 sqft

Property

Parking

Parking features: No Garage

Lot

Size: 6,673 Square Feet
Features: Irregular Lot

Details

Parcel number: 1135185511464

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame, Metal Siding
Roof: Pitched,Shingle

Condition

New construction: No
Year built: 1945

Utilities & green energy

Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected

Community & HOA

HOA

Has HOA: No

Location

Region: Raton

Financial & listing details

Price per square foot: $67/sqft
Tax assessed value: $50,557
Annual tax amount: $462
Date on market: 12/1/2025
Electric utility on property: Yes

Wendy Mileta

(575) 707-1662

By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.

Estimated market value

Not available

Estimated sales range

Not available

$1,692/mo

Price history

Date	Event	Price
5/21/2026	Pending sale	$69,500$67/sqft
Source: New Mexico MLS #20256759 Report a problem
12/1/2025	Listed for sale	$69,500$67/sqft
Source: New Mexico MLS #20256759 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$462 +1.3%	$16,852 +3%
2024	$456 +24.4%	$16,362 +3%
2023	$366 +3.4%	$15,885 +3%
2022	$354 +3.3%	$15,423 +3%
2021	$343 -4.7%	$14,974
2020	$360 +0.9%	$14,974
2019	$356 +11.6%	$14,974
2018	$319 +8.5%	$14,974
2017	$294	$14,974 +0.8%
2015	--	$14,850
2013	--	$14,850

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified