6.8% CAP Rate w/3 Units in the HEART of Belen!.. These nurtured properties were remodeled approx. 4+ years ago, complete w/ Metal roofs. The Main home encompasses Approx= 1105 SQ Ft with 2 bed and 1.75 Baths & AMPLE covered parking for this Unit. (This home is under rented, and numbers can be improved .. Currently @ $1150. Per Month). Additionally, there are 2 units to the EAST of the Main Home Approx 450 SQ ft each, they each bring in $850.00 Per Month..PLEASE do NOT disturb the Tenants.. Thank you for Looking!!
For sale
$417,000
612 N 3rd St, Belen, NM 87002
4beds
4baths
2,005sqft
Multi Family, Single Family Residence
Built in 1962
-- sqft lot
$389,000 Zestimate®
$208/sqft
$-- HOA
What's special
Ample covered parkingMetal roofs
- 526 days |
- 110 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Sonya M Sanchez 505-610-1294,
Coba Investment Company 505-480-1602
Source: SWMLS,MLS#: 1080234
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Central, Forced Air, Wall Furnace
Cooling
- Varies by Unit, Ceiling Fan(s)
Appliances
- Included: Free-Standing Gas Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
Features
- Ceiling Fan(s)
- Flooring: Tile
- Has basement: No
Interior area
- Total structure area: 2,005
- Total interior livable area: 2,005 sqft
Property
Parking
- Total spaces: 4
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
Lot
- Size: 0.28 Acres
Details
- Has additional parcels: Yes
- Parcel number: 1007028362479000000
- Zoning description: R-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Single Family Residence
Materials
- Adobe, Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1962
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Storage Facilities
Location
- Region: Belen
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $81,489
- Annual tax amount: $1,200
- Date on market: 3/18/2025
- Cumulative days on market: 525 days
- Listing terms: Cash,Conventional
- Total actual rent: 2850
- Tenant pays: Electricity, Gas
Estimated market value
$389,000
$370,000 - $408,000
$1,362/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2025 | Listed for sale | $417,000+317%$208/sqft |
Source:  SWMLS #1080234 Report a problem | ||
| 4/1/2020 | Sold | -- |
Source: SWMLS #954861 Report a problem | ||
| 11/13/2019 | Pending sale | $100,000$50/sqft |
Source: Keller Williams Realty #954861 Report a problem | ||
| 10/8/2019 | Listed for sale | $100,000$50/sqft |
Source: Keller Williams Realty #954861 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $833 -15.5% | $27,163 +3% |
| 2024 | $986 +0% | $26,372 +3% |
| 2023 | $986 +4.1% | $25,604 |
| 2022 | $947 +11.9% | $25,604 +7% |
| 2021 | $847 +9.3% | $23,931 +3% |
| 2020 | $775 +3.4% | $23,234 +3% |
| 2019 | $749 +3.2% | $22,557 +2% |
| 2018 | $726 +3.9% | $22,112 +3% |
| 2017 | $699 | $21,468 +6.7% |
| 2016 | -- | $20,113 +3% |
| 2015 | -- | $19,528 +6.1% |
| 2013 | -- | $18,407 -65.7% |
| 2011 | $737 | $53,613 +6.1% |
| 2010 | -- | $50,538 |
| 2009 | -- | $50,538 +6% |
| 2008 | -- | $47,676 |
| 2007 | -- | $47,676 +4.7% |
| 2005 | -- | $45,543 |
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.Climate risks
Neighborhood: 87002
Getting around
53 / 100
Somewhat WalkableNearby schools
GreatSchools rating
- 2/10Central Elementary SchoolGrades: 4-6Distance: 0.3 mi
- 7/10Belen Middle SchoolGrades: 7-8Distance: 0.7 mi
- 5/10Belen High SchoolGrades: 9-12Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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