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315 N Locke Avenue, 
Farmington, NM 87401

$314,000


Bed


4

Baths


2,727

Sq Ft


Multi-Family

Pending

Listed by

Jodi Brown

Real Estate Pros

505-588-7767

Last updated:

February 21, 2026, 01:49 AM

MLS#

26-203

Source:

NM SJCBR

About This Home

315 N Locke Avenue

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.

Home Facts

Multi-Family

4 Baths

Price Summary

314,000

$115 per Sq. Ft.

MLS #:

26-203

Last Updated:

February 21, 2026, 01:49 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

3

Interior

Living Area:

2,727 Sq. Ft.


Structure

Structure

Building Area:

2,727 Sq. Ft.


Finances & Disclosures

Finances

Price:

$314,000

Price per Sq. Ft:

$115 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.