Investment Opportunity in the Heart of Raton! This versatile property features a 2-bedroom, 1-bath main home paired with a separate 2-bedroom, 1-bath rental unit, offering exceptional flexibility for investors, house hackers, or multifamily living. Live in one unit while generating rental income from the other, or lease both units for maximum cash flow potential. Adding significant value, the property also includes three single-car garage/storage units located beneath the second rental unit, providing additional storage options, tenant convenience, and potential supplemental income. Ideally situated just minutes from downtown Raton, this property offers outstanding walkability. Residents enjoy quick access to the train station, coffee shops, library, shopping, and essential servicesall within a short distance. With its dual-unit configuration, additional storage/garage spaces, and prime walkable location, this property delivers strong rental versatility and long-term investment upside in a highly convenient setting. Whether expanding your portfolio or starting your first investment property, this is a rare opportunity combining location, income potential, and multi-use functionality.
For sale
$144,500
533 S 2nd St, Raton, NM 87740
2beds
1,208sqft
Single Family Residence
Built in 1940
6,969 Square Feet Lot
$-- Zestimate®
$120/sqft
$-- HOA
What's special
- 89 days
- 214
- 13
Zillow last checked:
Listing updated:
Listed by:
Wendy Mileta 575-707-1662,
Realty One Of New Mexico - Raton 575-707-1662
Source: New Mexico MLS,MLS#: 20263186
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air, Natural Gas
Features
- Flooring: Hardwood, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,208
- Total interior livable area: 1,208 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage, Open
- Garage spaces: 3
- Has uncovered spaces: Yes
Lot
- Size: 6,969 Square Feet
- Topography: Irregular Lot
Details
- Parcel number: 1135185267441
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Roof: Pitched
Condition
- Year built: 1940
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Raton
Financial & listing details
- Price per square foot: $120/sqft
- Tax assessed value: $87,648
- Annual tax amount: $800
- Date on market: 5/30/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Free-Standing Range, Refrigerator
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,073/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listed for sale | $144,500-12.4%$120/sqft |
Source: | ||
| 2/27/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/26/2024 | Listed for rent | $750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/16/2023 | Listed for rent | $750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/8/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/25/2023 | Listed for rent | $750+7.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/31/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/28/2022 | Listed for rent | $700$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/22/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/13/2022 | Listed for rent | $700+21.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/13/2022 | Listing removed | -- |
Source: | ||
| 7/1/2022 | Listed for sale | $165,000$137/sqft |
Source: | ||
| 6/14/2022 | Pending sale | $165,000$137/sqft |
Source: | ||
| 5/6/2022 | Price change | $165,000-8.3%$137/sqft |
Source: | ||
| 4/12/2022 | Listed for sale | $180,000$149/sqft |
Source: | ||
| 9/3/2019 | Listing removed | $575 |
Source: Quest Realty, LLC Report a problem | ||
| 8/20/2019 | Listed for rent | $575 |
Source: Quest Realty, LLC Report a problem | ||
| 12/28/2018 | Listing removed | $575 |
Source: Quest Realty, LLC Report a problem | ||
| 11/29/2018 | Listed for rent | $575+27.8% |
Source: Quest Realty, LLC Report a problem | ||
| 1/6/2018 | Listing removed | $450 |
Source: Quest Realty, LLC Report a problem | ||
| 12/20/2017 | Listed for rent | $450+2.3% |
Source: Quest Realty, LLC Report a problem | ||
| 9/13/2017 | Listing removed | $440 |
Source: Quest Realty, LLC Report a problem | ||
| 7/13/2017 | Listed for rent | $440-20% |
Source: Zillow Rental Manager Report a problem | ||
| 4/14/2017 | Listing removed | $550 |
Source: Quest Realty, LLC Report a problem | ||
| 4/23/2016 | Sold | -- |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $800 +1.3% | $29,216 +3% |
| 2024 | $790 +24.4% | $28,365 +3% |
| 2023 | $635 +3.5% | $27,539 +3% |
| 2022 | $614 +0.3% | $26,737 |
| 2021 | $612 -4.7% | $26,737 |
| 2020 | $642 +0.9% | $26,737 |
| 2019 | $636 +11.6% | $26,737 |
| 2018 | $570 +8.9% | $26,737 +0.4% |
| 2017 | $523 | $26,635 +3% |
| 2015 | -- | $25,859 |
| 2013 | -- | $25,859 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87740
Nearby schools
Schools provided by the listing agent
- Elementary: None/Other
- Middle: None/Other
- High: None/Other
Source: New Mexico MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




