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301 S Third, 
Raton, NM 87740

$409,000


7

Beds


5

Baths


3,604

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Wendy Mileta

Realty One Of New Mexico - Raton

575-707-1662

Last updated:

June 28, 2025, 03:15 PM

MLS#

20250941

Source:

NM RANM

About This Home

301 S Third

Great investment! Don't miss this income-generating property! On average, it earns over $6300/month, exceeding mortgage costs. Explore Airbnb and rental options. The property includes a finished garage for on-site living or added revenue! It is professionally maintained, making it a turn-key business. High-end Antique furnishings make this a sweet deal! Step into this historic bed and breakfast in the heart of downtown Raton, NM, which has been a successful business for over 30 years. Very versatile property easily converted between four apartments, or a family home, and is currently a successful bed and breakfast. This turnkey business comes with a large customer base already in place. With 6 stunning rooms and separate living quarters or extra guest suite, making a total of 7 bedrooms, this property boasts over 3000 sq ft of elegant living space. The inn features exquisite hand-carved woodwork, embodying the timeless charm of the Victorian style. Fully furnished and operational, it is ready to welcome guests from day one. Perfect for history enthusiasts and those looking to own a piece of Victorian elegance, this B&B is a rare opportunity. Multiple income possibilities as well as a successful monthly rental or use as your own Grand living residence. Don’t miss the chance to own this well reviewed inn and continue its legacy of excellence. This New Mexico Oasis has apples, peaches, plums, grapes and cherries. Contact us today to schedule a private tour and see the beauty and potential of this historic property for yourself!

Home Facts

Single Family

5 Baths

7 Bedrooms

Built in 1900

Price Summary

409,000

$113 per Sq. Ft.

MLS #:

20250941

Last Updated:

June 28, 2025, 03:15 PM

Added:

4 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5

Interior

Living Area:

3,604 Sq. Ft.


Structure

Structure

Building Area:

3,604 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

7,000


Finances & Disclosures

Finances

Price:

$409,000

Price per Sq. Ft:

$113 per Sq. Ft.

Source:NM RANM
The information being provided by Realtor Association of New Mexico is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Realtor Association of New Mexico All rights reserved.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.