500 N 3rd St

Bloomfield, NM 87413

$1,323,100
Price
6
Beds
8,740 Sq. Ft.
$151 / Sq. Ft.
8,740
Sq. Ft.
$151
per Sq. Ft.

Description

''Bloomfield Bonanza'' Take advantage of this rare opportunity to acquire a well-performing 16-unit multifamily complex, ideally situated in the heart of Bloomfield, NM. Spanning over half an acre, this property includes four separate 4-plex buildings—three of which feature 1-bedroom, 1-bathroom units, and one offering 2-bedroom, 1-bathroom units. Vacancy rates are consistently low, with units leasing quickly due to strong demand and a central location. All units feature updated windows for improved...''Bloomfield Bonanza'' Take advantage of this rare opportunity to acquire a well-performing 16-unit multifamily complex, ideally situated in the heart of Bloomfield, NM. Spanning over half an acre, this property includes four separate 4-plex buildings—three of which feature 1-bedroom, 1-bathroom units, and one offering 2-bedroom, 1-bathroom units. Vacancy rates are consistently low, with units leasing quickly due to strong demand and a central location. All units feature updated windows for improved energy efficiency and aesthetic appeal. Fourteen of the sixteen units have been upgraded with modern tile flooring, and many have newer water heaters—approximately half of which are electric. Each unit is equipped with wall heating and window-mounted A/C units, and tenants are responsible for their own electricity expenses. The complex offers a minimum of two dedicated parking spaces per unit, a low-maintenance lot with mature shade trees, and a no-pet policy that has helped preserve unit condition. While some exterior paint and roofing work may be needed, the sellers are open to offering a price reduction or repair credit to accommodate these improvements. Whether you're expanding your portfolio or seeking a reliable income-producing asset, this centrally located complex offers long-term upside with minimal ongoing management demands. Owner carry available!
  1. Listed by Allen Elmore • eXp Realty, LLC

Property Details for 500 North 3rd Street

Water Front
No
Zoning
Residential Multi Family
Subdv Name
Other
LISTING UPDATED: 08/30/2025 01:39 AM

Property Details for 500 North 3rd Street

StatusActive
MLS #827997
Days on Market121
Taxes$13,039 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Fourplex
Year Built1980
Lot Size0.58 AC / 25,264 SF
CountySan Juan County

Location

Listing Courtesy of eXp Realty, LLC, Allen Elmore
Add your commute

Building Information for 500 North 3rd Street

Stories1Residences16Year Built1980Building Size-Lot Size0.58 AC / 25,264 SF

Payment Calculator

$7,624 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,538

Property Taxes

$1,087

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500 North 3rd Street

Summary
Location and General Information
  • Directions: North on 3rd St from Hwy 64
Parking
  • Carport Y/N: No
  • Garage Y/N: No
  • PARKING: 2 per unit
School Information
  • Elementary School: Open Enrollment
  • Middle School: Open Enrollment
  • High School: Open Enrollment
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2025
  • Total Taxes $: 13039.16
Property
Property and Assessments
  • FIPS Code: 08111
  • Legal/Lot Block: 3 LOTS INCLUDING: LOMA VISTA ADDITION LOT 6 BLOCK 6 BK.1649 PG.881 / LOMA VISTA SUBDIVISION LOT 1 BLOCK 5 BK.1649 PG.88
  • Photo Count: 33
  • New Construction Y/N: No
  • Covenants Y/N: NO
  • Board Name: Durango Area Assn of Realtors
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: .5 - .99
  • Parcel ID #: 2.063170335463E12
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Domestic Water/Sewer: City Water, City Sewer
  • Metered: Metered for Electricity
  • Water Well: No
Multi Family
Multi-Family Information
  • Multi Story: No
  • # of Units: 16
  • Residence Stories: One Story
Unit 1 Information
  • Unit 1 # Bedrooms: 1
  • Unit 1 # Baths: 1
  • Unit 1 Monthly Rent$: 725
  • Unit 1 Square Feet: 480.0
Unit 2 Information
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Baths: 1
  • Unit 2 Monthly Rent$: 800
  • Unit 2 Square Feet: 480.0
Unit 3 Information
  • Unit 3 # Bedrooms: 1
  • Unit 3 # Baths: 1
  • Unit 3 Monthly Rent$: 775
  • Unit 3 Square Feet: 480.0
Unit 4 Information
  • Unit 4 # Bedrooms: 1
  • Unit 4 # Baths: 1
  • Unit 4 Monthly Rent$: 775
  • Unit 4 Square Feet: 480.0
Unit 5 Information
  • Unit 5 # Bedrooms: 1
  • Unit 5 # Baths: 1
  • Unit 5 Monthly Rent$: 700
  • Unit 5 Square Feet: 480.0
Unit 6 Information
  • Unit 6 # Bedrooms: 1
  • Unit 6 # Baths: 1
  • Unit 6 Monthly Rent$: 775
  • Unit 6 Square Feet: 480.0
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 9.00
  • Dining: Kitchen/Dining
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Cooling: Window Unit(s), Evaporative Cooler
  • Appliance Inclusions: Range/Oven, Refrigerator
Exterior Features
  • Horse Setup: No
Rental
Rental Information
  • TENANT PAYS: Electric
  • Landlord Pays: Building Insurance, Real Estate Taxes, Interior Maintenance, Ext Maintenance (Bldg), Site Maintenance (Prop), Gas, Water/Sewer, Trash

Property History for 500 North 3rd Street

DateEvent & SourcePriceAppreciation
Aug 26, 2025

Listed (Active)

CRENMLS #827997

$1,323,100
DateEvent & SourcePrice
08/26/2025

Listed (Active)

CRENMLS #827997

$1,323,100

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 500 North 3rd Street

This home is within Bloomfield Schools.
Rating
School
Type
Grades
Distance
Public - 1 to 3
Public - 7 to 8
Public - 9 to 12
Public - 4 to 6
Rating
School
Distance
Central Primary School
Public1 to 3

Mesa Alta Jr High School
Public7 to 8

Bloomfield High School
Public9 to 12

Naaba Ani Elementary School
Public4 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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500 North 3rd Street is a multi-family home for sale in Bloomfield, NM 87413. This property was listed for sale on August 27, 2025 by eXp Realty, LLC, it's currently listed at $1,323,100. This listing's school district is Bloomfield Schools. Nearby schools include Central Primary School, Mesa Alta Jr High School and Bloomfield High School. 500 North 3rd Street is a 6-bed, 9-bath, 8,740 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC, Allen Elmore

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.