Listed price in listed location currency (USD).
$875,000

123

MLS® 202602542

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1362 sqft
Garage 
Taxes 
Days Active 0
Lot Size 0.16 Acres
Approx. Age 1931
Avg. Price Per Sqft $642
MLS® Number 202602542

Property Address: 2863 Nm 14, Madrid, NM, 87010-9754

Average square foot calculated using Size range provided by listing agent.

Description

Charming Bungalow in the heart of the commercial district in Madrid! Incredible opportunity to live/work, enjoy separate studio space, live behind or rent out the apartment on Airbnb. Mixed use zoning allows residential or commercial use. This 1931 architectural gem has been lovingly and thoughtfully remodeled. New windows, doors, tile, and plaster compliment the vaulted ceilings and hardwood floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals an tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!
MLS® Number202602542
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1931
Basement
DrivewayNone
Garage Spaces
HeatHeat Pump, Propane
A/CHeat Pump

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 26, 2026List Date
$875,000List Price
  • Commute

Commute

Starting Address
Destination Address
2863 Nm 14, Madrid, NM

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