Prime Investment Opportunity: Turn-Key 4-Plex Near Downtown Farmington. Maximize your portfolio with this multi-family 4-plex located just minutes from downtown Farmington. Perfectly positioned for high tenant demand, this property offers an ideal blend of location, stability, and immediate cash flow for savvy investors.
For sale
$375,000
216 N Court Ave, Farmington, NM 87401
4beds
--sqft
Quadruplex
Built in ----
-- sqft lot
$363,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 55 days
- 110
- 2
Zillow last checked:
Listing updated:
Listed by:
Doug R Pilling 505-325-7788,
Coldwell Banker Cornerstone 505-325-7788
Source: SJCMLS,MLS#: 26-1182
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Has fireplace: No
Property
Features
- Levels: One
- Stories: 1
Details
- Parcel number: 2075171502433
- Zoning description: Multi-Fam Med Dens
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Community & HOA
Location
- Region: Farmington
Financial & listing details
- Tax assessed value: $189,666
- Annual tax amount: $1,490
- Date on market: 9/17/2026
Estimated market value
$363,800
$346,000 - $382,000
$1,265/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Listed for sale | $375,000+33.9% |
Source:  SJCMLS #26-1182 Report a problem | ||
| 6/2/2022 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 5/26/2022 | Listed for sale | $280,000 |
Source: SJCMLS #22-623 Report a problem | ||
| 4/29/2022 | Listing removed | -- |
Source: RE/MAX International Report a problem | ||
| 4/15/2022 | Listed for sale | $280,000 |
Source: SJCMLS #22-623 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,490 +2.1% | $63,222 +3% |
| 2024 | $1,459 +1.6% | $61,381 +3% |
| 2023 | $1,436 +36.8% | $59,593 +36.5% |
| 2022 | $1,050 +3.8% | $43,659 +3% |
| 2021 | $1,011 -0.8% | $42,388 -1.1% |
| 2020 | $1,019 -8.1% | $42,849 -11.3% |
| 2017 | $1,109 | $48,331 |
| 2016 | $1,109 +2.2% | $48,331 |
| 2015 | $1,085 +20.3% | $48,331 +21.1% |
| 2014 | $902 +3.7% | $39,918 +3% |
| 2013 | $870 | $38,756 |
| 2012 | $870 -2.4% | $38,756 +3% |
| 2011 | $891 | $37,627 -3.3% |
| 2010 | -- | $38,918 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 87401
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