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.
For sale
$2,950,000
5915 E Main St, Farmington, NM 87402
--beds
--sqft
Multi Family
Built in ----
-- sqft lot
$2,744,600 Zestimate®
$--/sqft
$-- HOA
What's special
Studio unitsLaundry area
- 15 days
- 148
- 0
Zillow last checked:
Listing updated:
Listed by:
Darin W Cahoon 505-327-4777,
RE/MAX of Farmington 505-327-4777
Source: SJCMLS,MLS#: 26-1115
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 27
- Full bathrooms: 27
Features
- Has fireplace: No
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 2072174115390
- Zoning description: Multi-Fam Med Dens
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Community & HOA
Location
- Region: Farmington
Financial & listing details
- Tax assessed value: $1,389,328
- Annual tax amount: $11,441
- Date on market: 9/4/2026
Estimated market value
$2,744,600
$2.61M - $2.88M
$1,167/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $2,950,000 |
Source: | ||
| 1/25/2024 | Sold | -- |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,441 +104.3% | $463,110 +123.1% |
| 2024 | $5,600 +9% | $207,560 +7.7% |
| 2023 | $5,136 +4.5% | $192,639 +6.4% |
| 2022 | $4,916 +16.5% | $181,022 +16.5% |
| 2021 | $4,219 -3.9% | $155,403 -3.9% |
| 2020 | $4,390 +1.1% | $161,656 +1% |
| 2017 | $4,343 | $160,112 +6.2% |
| 2016 | $4,343 +1% | $150,828 |
| 2015 | $4,300 +5.1% | $150,828 +0% |
| 2014 | $4,090 | $150,765 |
Find assessor info on the county website
Monthly payment
Est. payment






