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708 S 1st Street, 
Raton, NM 87740

$40,000

1

Bed

1

Bath

717

Sq Ft

Single Family

Active

Listed by

Wendy Mileta

Realty One Of New Mexico - Raton

575-707-1662

Last updated:

February 10, 2026, 04:34 PM

MLS#

20260366

Source:

NM RANM

About This Home

708 S 1st Street

Investor special with strong upside potential! This 1-bedroom, 1-bath handyman property is the perfect opportunity for investors or savvy buyers looking to add value. With some TLC and vision, this home could be transformed into a charming short-term rental, Airbnb, or long-term income-producing property. Located within walking distance to downtown Raton, the property offers excellent rental appeal with close proximity to the train station, coffee shops, dining, and local amenities. The prime location enhances both short-term and long-term rental demand. Whether you’re looking for your next renovation project or an affordable entry into the investment market, this property presents a solid opportunity to build equity and maximize returns.

Home Facts

Single Family

1 Bath

1 Bedroom

Built in 1920

Price Summary

40,000

$55 per Sq. Ft.

MLS #:

20260366

Last Updated:

February 10, 2026, 04:34 PM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

717 Sq. Ft.

Structure

Structure

Building Area:

717 Sq. Ft.

Year Built:

1920

Lot

Lot Size (Sq. Ft):

3,500

Finances & Disclosures

Finances

Price:

$40,000

Price per Sq. Ft:

$55 per Sq. Ft.

Source:NM RANM
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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.