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For sale
  • $40,000

    708 S 1st St, Raton, NM 87740

    1beds
    717sqft
    : 
    Single Family Residence
    Built in 1920
    3,497.87 Square Feet Lot
    $-- Zestimate®
    $56/sqft
    $-- HOA

    What's special

    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.
    33 days
    |
    1,167
    |
    49
    |

    Zillow last checked: 8 hours ago

    Listing updated: January 19, 2026 at 08:40pm

    Listed by:

    Wendy Mileta 575-707-1662,

    Realty One Of New Mexico - Raton 575-707-1662

    Source: New Mexico MLS,MLS#: 20260366MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Natural Gas, Space Heater
    Features
    • Flooring: Carpet, Vinyl
    • Has fireplace: No
    Interior area
    • Total structure area: 717
    • Total interior livable area: 717 sqft

    Property

    Parking
    • Parking features: No Garage
    Lot
    • Size: 3,497.87 Square Feet
    • Features: Irregular Lot
    Details
    • Parcel number: 1135185266377

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Pitched
    Condition
    • New construction: No
    • Year built: 1920

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Raton

    Financial & listing details

    • Price per square foot: $56/sqft
    • Tax assessed value: $30,763
    • Annual tax amount: $286
    • Date on market: 1/20/2026
    Wendy Mileta

    (575) 707-1662

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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $772/mo

    Price history

    Price history
    DateEventPrice
    1/20/2026Listed for sale$40,000+111.6%$56/sqft
    Source: New Mexico MLS #20260366 Report a problem
    11/14/2019Sold--
    Source: New Mexico MLS #20195198 Report a problem
    10/21/2019Listed for sale$18,900$26/sqft
    Source: REALTY ONE of SANTA FE #20195198 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$286 +24.4%$10,255 +3%
    2023$229 +3.4%$9,956 +3%
    2022$222 +0.3%$9,666
    2021$221 -4.7%$9,666
    2020$232 +166%$9,666
    2019$87 -63%$9,666 -12.5%
    2018$236 +32.5%$11,049
    2017$178 $11,049 +0.4%
    2015-- $11,010
    2013-- $11,010

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $225/mo
    Principal & interest
    $206
    Property taxes
    $19

      Climate risks

      Neighborhood: 87740

      Nearby schools

      GreatSchools rating
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