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For sale
  • $144,500

    533 S 2nd St, Raton, NM 87740

    2beds
    1,208sqft
    : 
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    Single Family Residence
    Built in 1940
    7,000 Square Feet Lot
    $-- Zestimate®
    $120/sqft
    $-- HOA

    What's special

    Investment Opportunity in the Heart of Raton! This versatile property features a 2-bedroom, 1-bath main home paired with a separate 2-bedroom, 1-bath rental unit, offering exceptional flexibility for investors, house hackers, or multifamily living. Live in one unit while generating rental income from the other, or lease both units for maximum cash flow potential. Adding significant value, the property also includes three single-car garage/storage units located beneath the second rental unit, providing additional storage options, tenant convenience, and potential supplemental income. Ideally situated just minutes from downtown Raton, this property offers outstanding walkability. Residents enjoy quick access to the train station, coffee shops, library, shopping, and essential services—all within a short distance. With its dual-unit configuration, additional storage/garage spaces, and prime walkable location, this property delivers strong rental versatility and long-term investment upside in a highly convenient setting. Whether expanding your portfolio or starting your first investment property, this is a rare opportunity combining location, income potential, and multi-use functionality.
    15 days
    |
    248
    |
    18
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Wendy Mileta 575-707-1662,

    Realty One Of New Mexico - Raton 575-707-1662

    Source: New Mexico MLS,MLS#: 20263186MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Forced Air, Natural Gas
      Appliances
      • Included: Free-Standing Range, Refrigerator
      Features
      • Flooring: Hardwood, Vinyl
      • Has fireplace: No
      Interior area
      • Total structure area: 1,208
      • Total interior livable area: 1,208 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Detached
      • Garage spaces: 3
      Lot
      • Size: 7,000 Square Feet
      • Features: Irregular Lot
      Details
      • Parcel number: 1135185267441

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame, Stucco
      • Roof: Pitched,Shingle
      Condition
      • New construction: No
      • Year built: 1940

      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: $120/sqft
      • Tax assessed value: $87,648
      • Annual tax amount: $800
      • Date on market: 6/1/2026
      • Electric utility on property: Yes
      Wendy Mileta

      (575) 707-1662

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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,532/mo

        Price history

        DateEventPrice
        6/1/2026Listed for sale$144,500-12.4%$120/sqft
        Source: New Mexico MLS #20263186 Report a problem
        2/27/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/26/2024Listed for rent$750$1/sqft
        Source: Zillow Rentals Report a problem
        12/22/2023Listing removed--
        Source: Zillow Rentals Report a problem
        12/16/2023Listed for rent$750$1/sqft
        Source: Zillow Rentals Report a problem
        9/8/2023Listing removed--
        Source: Zillow Rentals Report a problem
        8/25/2023Listed for rent$750+7.1%$1/sqft
        Source: Zillow Rentals Report a problem
        10/31/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        10/28/2022Listed for rent$700$1/sqft
        Source: Zillow Rental Manager Report a problem
        9/22/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        9/13/2022Listed for rent$700+21.7%$1/sqft
        Source: Zillow Rental Manager Report a problem
        9/13/2022Listing removed--
        Source: NY State MLS Report a problem
        7/1/2022Listed for sale$165,000$137/sqft
        Source: My State MLS #11068353 Report a problem
        6/14/2022Pending sale$165,000$137/sqft
        Source: My State MLS #11068353 Report a problem
        5/6/2022Price change$165,000-8.3%$137/sqft
        Source: My State MLS #11068353 Report a problem
        4/12/2022Listed for sale$180,000$149/sqft
        Source: My State MLS #11068353 Report a problem
        9/3/2019Listing removed$575
        Source: Quest Realty, LLC Report a problem
        8/20/2019Listed for rent$575
        Source: Quest Realty, LLC Report a problem
        12/28/2018Listing removed$575
        Source: Quest Realty, LLC Report a problem
        11/29/2018Listed for rent$575+27.8%
        Source: Quest Realty, LLC Report a problem
        1/6/2018Listing removed$450
        Source: Quest Realty, LLC Report a problem
        12/20/2017Listed for rent$450+2.3%
        Source: Quest Realty, LLC Report a problem
        9/13/2017Listing removed$440
        Source: Quest Realty, LLC Report a problem
        7/13/2017Listed for rent$440-20%
        Source: Zillow Rental Manager Report a problem
        4/14/2017Listing removed$550
        Source: Quest Realty, LLC Report a problem
        4/23/2016Sold--
        Source: New Mexico MLS #20154887 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$800 +1.3%$29,216 +3%
        2024$790 +24.4%$28,365 +3%
        2023$635 +3.5%$27,539 +3%
        2022$614 +0.3%$26,737
        2021$612 -4.7%$26,737
        2020$642 +0.9%$26,737
        2019$636 +11.6%$26,737
        2018$570 +8.9%$26,737 +0.4%
        2017$523 $26,635 +3%
        2015-- $25,859
        2013-- $25,859

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          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.

          Climate risks

          Neighborhood: 87740

          Getting around

          59 / 100
          Somewhat Walkable
          43 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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