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503 Rt 66 Apartments

503 U.S. Rte 66 Moriarty, NM 87035

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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

For Sale

Multifamily
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

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