503 Rt 66 Apartments
503 U.S. Rte 66 Moriarty, NM 87035

Overview
Prime Investment Opportunity on Historic Route 66!
**Do NOT disturb the tenants. Matterport has each unit for walk through. Contact brokers for further details**
This updated 5-unit multifamily property in Moriarty, NM, offers a rare chance to own a fully rented income-producing asset with long-term tenants on month-to-month leases. The interiors have been modernized, the exterior refreshed, and essential updates to electrical and sewer systems provide peace of mind. With strong rental demand and room for growth, this turnkey property is ready to generate steady cash flow from day one.
Plus, three additional lots are available—bundle them for expanded potential or sell separately for added flexibility. Positioned along a major corridor with easy access to Albuquerque, this is a high-visibility, low-maintenance investment with upside potential. APOD available upon request.
Act now—opportunities like this don’t last!
Attachments
Links
For Sale
- Sale Price
- $320,000
- Price Per SF
- $107.5/SF
- Cap Rate
- 9%
- Building Size
- 2,976 SF
- Zoning
- C-1
- Zoning Description
- Light Commercial
- Tenant
- 5
- Building Class
- C
- Floors
- 1
- Nearest MSA
- Albuquerque
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 80%
- Total Units
- 5
- County
- Torrance
- Created
- 2025-02-19
- Updated
- 2025-02-24
- Listing ID
- c7d5f104
- Parcel APN
- 1048052034300000000