For sale

Price cut: $25K (3/13)

$750,000

102-104 Nathan Rd, Los Lunas, NM 87031

4beds

2baths

1,846sqft

Est.:

Duplex, Multi Family

Built in 2008

-- sqft lot

$730,500 Zestimate^®

$406/sqft

$-- HOA

What's special

Well-maintained duplex

Well-maintained duplex offering solid tenant income and excellent potential for growth! Zoned C-1 Commercial, this property provides flexible opportunities -- continue operating it as a multi-family rental or convert it into office or retail space while developing the land. The existing structure sits on approximately 4.61 acres, allowing for future development of any use permitted by zoning.Located in a thriving commercial area, the property is bordered by Tractor Brewing and Ribs BBQ, with major retailers, big-box shopping, and popular restaurants all within a half-mile radius. 8'' water and sewer line close to, or at property line, 3-Phase power in area. This is a rare opportunity ideal for investors, developers,looking to generate income today while planning for tomorrow's expansion.

142 days

216

4

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Central, Forced Air

Cooling

Evaporative Cooling

Appliances

Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit

Features

Flooring: Carpet, Vinyl
Has basement: No

Interior area

Total structure area: 1,846
Total interior livable area: 1,846 sqft

Property

Features

Levels: One
Stories: 1

Lot

Size: 4.61 Acres

Details

Parcel number: 1011038175190000000
Zoning description: C-1

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family

Condition

Resale
New construction: No
Year built: 2008

Utilities & green energy

Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Subdivision: Land Of Titus Wingerd

Location

Region: Los Lunas

Financial & listing details

Price per square foot: $406/sqft
Annual tax amount: $1,666
Date on market: 11/13/2025
Cumulative days on market: 133 days
Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
Total actual rent: 2300
Tenant pays: Other, See Remarks

Estimated market value

$730,500

$694,000 - $767,000

$1,796/mo

Price history

Date	Event	Price
3/13/2026	Price change	$750,000-3.2%$406/sqft
Source: SWMLS #1094429 Report a problem
2/10/2026	Price change	$775,000-20.5%$420/sqft
Source: SWMLS #1094429 Report a problem
11/13/2025	Listed for sale	$975,000$528/sqft
Source: SWMLS #1094429 Report a problem