This is an amazing investment opportunity! Check out this 14-room working lodge in the historic town of Red River on Main Street. In addition to the 14-rooms that can be rented out nightly, the property also has a 1500 sq ft owner suite to enjoy year-round. For growth purposes, the owner's suite could possibly be turned into more units. The property has 4 queen single rooms, 8 kitchenette rooms and 1 2-bedroom apartment across two floors that could be rented out nightly, weekly, or monthly depending on your future clients' needs. All FF&E, land and property conveys with sale. Large attached warehouse space is unused and also could be converted. If you've ever wanted to own and operate a lodge in a beautiful ski town here is your opportunity!
The property is on city utilities
Keyless Entry to all rooms
On site laundry room for owner or property manager
All nonsmoking rooms
Smart TV's in all rooms with $6000 upgraded internet infrastructure
Four cleaners and one property manager who would like to stay on with sale if buyer desires
Mountain view lodge is listed and promoted on the internet under their name plus other popular travel sites
Majority of room windows are 2023 Pella
Room furnishings upgraded in 2022
Backside gutters with heattape 2023
Electrical upgraded 2022
Owner's suite upgraded 2023
Firepits and seating added 2022
This property was purchased only 2 years ago and brought from completely vacant with no marketing and not producing to a 47% annual occupancy rate and marketed across all platforms (Company website, Expedia, Airbnb, Hotel.com, Bookings, VRBO, etc) . It was a startup operation for the buyers with large capital input that has exceeded the growth time expected. There is still a ton of potential in this property to grow.
For sale
$1,425,000
1301 E Main St, Red River, NM 87558
--beds
0baths
7,000sqft
Est.:
Multi Family, Apartment
Built in 1950
-- sqft lot
$-- Zestimate®
$204/sqft
$-- HOA
What's special
- 133 days
- on Zillow |
- 171 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 28, 2025 at 06:31am
Listed by:
Nikki Bronstorp 505-209-1246,
Coldwell Banker Legacy 8200 505-292-8900
Source: SFARMLS,MLS#: 202501268
Originating MLS: Albuquerque Board of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Ductless, Electric
Cooling
- Evaporative Cooling
Features
- Interior Steps
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 7,000
- Total interior livable area: 7,000 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: Multi/Split
Lot
- Size: 8,276.4 Square Feet
Details
- Parcel number: 1084169303075
- Zoning: Other
- Zoning description: C25
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Level
- Property subtype: Multi Family, Apartment
Materials
- Frame
- Roof: Pitched
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: High Speed Internet Available, Electricity Available
Community & HOA
HOA
- Has HOA: No
- Amenities included: Laundry, Cable TV
Location
- Region: Red River
Financial & listing details
- Price per square foot: $204/sqft
- Date on market: 3/27/2025
- Listing terms: Cash,Conventional
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