Double-digit returns on three doors. A 10.6% gross cap rate, 100% occupancy. An excellent investment opportunity featuring three rental units with established tenants and a history of rental income. Generating a combined $3,100 in monthly rental income, this multifamily property offers an opportunity to add an income-producing asset to your portfolio. All three units feature remodeled bathrooms, with select updates throughout the property, including flooring and paint. Unit B also features a brand-new wall furnace. With tenants already in place and a rental history to support the investment, this property is a great opportunity for investors looking to expand their rental portfolio or step into multifamily ownership.
For sale
$350,000
706 N Dustin Ave, Farmington, NM 87401
3beds
--sqft
Multi Family
Built in ----
-- sqft lot
$339,800 Zestimate®
$--/sqft
$-- HOA
What's special
Remodeled bathroomsBrand-new wall furnace
- 27 days
- 218
- 5
Zillow last checked:
Listing updated:
Listed by:
Crystal Chavez 505-327-4777,
RE/MAX of Farmington 505-327-4777
Source: SJCMLS,MLS#: 26-1264
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Features
- Has fireplace: No
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Levels: One
- Stories: 1
Details
- Parcel number: 2075172520104
- Zoning description: Multi-Fam Low Dens
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Electric: Electric
Community & HOA
Community
- Subdivision: Eaton addition
Location
- Region: Farmington
Financial & listing details
- Tax assessed value: $161,165
- Annual tax amount: $1,266
- Date on market: 10/13/2026
- Electric utility on property: Yes
Estimated market value
$339,800
$323,000 - $357,000
$1,266/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Listed for sale | $350,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,266 +2.1% | $53,722 +3% |
| 2024 | $1,240 +1.6% | $52,157 +3% |
| 2023 | $1,220 +3.2% | $50,638 +3% |
| 2022 | $1,182 +4.3% | $49,163 +3.4% |
| 2021 | $1,133 -0.4% | $47,525 -0.7% |
| 2020 | $1,138 -1.1% | $47,865 -4.6% |
| 2017 | $1,151 +0% | $50,180 +64.9% |
| 2016 | $1,151 +1.5% | $30,422 |
| 2015 | $1,133 +71.1% | $30,422 +6.1% |
| 2014 | $663 +6% | $28,676 +3% |
| 2013 | $625 | $27,840 |
| 2012 | $625 +7% | $27,840 +3% |
| 2011 | $584 | $27,030 +6% |
| 2010 | -- | $25,500 +6% |
| 2009 | -- | $24,057 |
| 2008 | -- | $24,057 |
| 2007 | -- | $24,057 +6% |
| 2006 | -- | $22,695 0% |
| 2005 | -- | $22,696 -65% |
| 2004 | $496 +1% | $64,845 |
| 2003 | $491 -53.5% | $64,845 +212.2% |
| 2002 | $1,057 -29.2% | $20,773 |
| 2001 | $1,492 +12.5% | $20,773 |
| 2000 | $1,326 | $20,773 |
Find assessor info on the county website
Monthly payment
Est. payment







