315 N Locke Avenue, Farmington, NM 87401
Local realty services provided by:CENTURY 21 SoWesCo Realty
315 N Locke Avenue,Farmington, NM 87401
$314,000
- - Beds
- 4 Baths
- 2,727 sq. ft.
- Multi-family
- Pending
Listed by: jodi brown
Office: real estate pros
MLS#:26-203
Source:NM_SJCBR
Price summary
- Price:$314,000
- Price per sq. ft.:$115.14
About this home
Historic front building plus income-producing duplex on one parcel. Properties with this combination rarely come up in Farmington.
The front structure is a piece of local history, built more than a century ago and fully modernized over time. This is not a surface refresh. Major systems have been replaced and upgraded, including furnace, electrical, plumbing, windows, stucco, roof, paint, flooring, and bathroom. The result is a solid, functional building that delivers character without deferred maintenance.
Until recently, the front building was used as a professional property management office. It functions well as an office, studio, or service-based commercial space and may offer residential potential depending on buyer plans and zoning verification.
Behind the historic structure sits a duplex that is currently rented, providing immediate income. This creates multiple strategies for an investor: live work potential, owner occupancy with offsetting income, full investment hold, or future repositioning.
One parcel. Two structures. Separate utility and use flexibility. Long-term ownership history. Updated systems. Existing cash flow.
This is a rare setup in the Farmington market and well suited for investors who value optionality, stable income, and assets that are hard to replicate.
Buyers to verify zoning, permitted uses, and any change-of-use requirements....
Contact an agent
Home facts
- Listing ID #:26-203
- Added:62 day(s) ago
- Updated:April 03, 2026 at 07:55 AM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Living area:2,727 sq. ft.
Heating and cooling
- Cooling:Refrigerated Window
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Building area:2,727 sq. ft.
Finances and disclosures
- Price:$314,000
- Price per sq. ft.:$115.14
- Tax amount:$2,467
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