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508 S 3rd St 1 Unit Apartment Building $395,000 ($395,000/Unit) Tucumcari, NM 88401
Investment Highlights
- Potential for adaptive reuse or conversion into multi-unit rental property.
- Opportunity for value-add renovations to increase property performance.
Executive Summary
his expansive property in Tucumcari, New Mexico, offers a unique opportunity for residential or potential adaptive reuse. Built in 1945, the home spans approximately 3,811 square feet and sits on a 0.33-acre lot. Featuring eight bedrooms and five bathrooms, the property provides ample space for large households, group living arrangements, or conversion into a multi-unit rental property. The structure includes a concrete foundation, frame/stucco exterior, and a composition shingle roof, ensuring durability and long-term value.
Located in Quay County, the property benefits from its central location within Tucumcari, offering convenient access to local schools, retail, and community amenities. With its generous size and flexible layout, this asset is ideal for investors or owner-occupants seeking to customize a property to meet specific needs. Opportunities exist for value-add improvements to enhance functionality and market appeal.
Located in Quay County, the property benefits from its central location within Tucumcari, offering convenient access to local schools, retail, and community amenities. With its generous size and flexible layout, this asset is ideal for investors or owner-occupants seeking to customize a property to meet specific needs. Opportunities exist for value-add improvements to enhance functionality and market appeal.
Property Facts
| Price | $395,000 | Apartment Style | Low-Rise |
| Price Per Unit | $395,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.33 AC |
| No. Units | 1 | Building Size | 3,811 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1945 |
| Price | $395,000 |
| Price Per Unit | $395,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 3,811 SF |
| No. Stories | 1 |
| Year Built | 1945 |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R909509 | Improvements Assessment | $0 |
| Land Assessment | $2,403 | Total Assessment | $2,403 |
Property Taxes
Parcel Number
R909509
Land Assessment
$2,403
Improvements Assessment
$0
Total Assessment
$2,403
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
508 S 3rd St