2859 Nm 14
Cerrillos, NM 87010
Map
- 4 beds
- 3 baths
- 2,978 sqft
- 5,118 sqft lot
- $332 per sqft
- 1990 build
- – on site
Multi-faceted commercial-residential property, turnkey and ready to go with rental income. Currently operating as a contemporary art gallery, an artist studio, an Airbnb, and a long-term home rental, this property is a gem in the artist community of Madrid. Located right in the heart of town, but with private courtyard areas, this unique plot offers beauty and reprieve while not sacrificing prime location. Property features: Main gallery/commercial floor with adjoining artist studio, kitchen, and bath, second level, private-entry loft apartment currently operating as a licensed Airbnb, and a private, free-standing 3bd/1ba home. Parking for 3 cars. All spaces recently renovated, with excellent natural lighting, this property shines as a bright and fresh investment, business opportunity, residential home, or all of the above. Ideal for an artist or entrepreneur. Option to purchase the existing business, and to keep the long-term rental tenant. Additional option to purchase all furniture/items in Airbnb to enable continuous business operation upon sale. Details to be discussed with the current owner and business operator. Recent improvements include new septic, new electrical panel, mini-split AC/heat units, exterior and interior paint job, lighting upgrades, exterior power-washing, gutter cleaning, professional window cleaning, and landscape upgrades. The property features two large water tanks, one for rainwater catchment, and other for freshwater delivery. Membership to Madrid Community Water will also transfer with the sale.
Last checked:
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Last updated May 22, 2025
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MLS# 202502250 —
The Building
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Year Built:1990
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Year Built Details:Year built for all structures is unknown. LBP disclosure is in attached docs.
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Year Built Source:PublicRecords
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Architectural Style:NorthernNewMexico
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Levels:MultiSplit
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Roof:Pitched
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Basement:false
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Security Features:SurveillanceSystem
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Accessibility Features:NotAdaCompliant
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Building Area Total:2978.0
Interior
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Interior Features:InteriorSteps
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Flooring:Laminate,Tile,Wood
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Fireplace:$false
Room Dimensions
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Living Area:2978.0
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Living Area Units:SquareFeet
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Living Area Source:Assessor
Financial & Terms
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Lease Considered:false
Location
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Directions:In Madrid on the west side of Highway 14 at the corner of Bridge Road.
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Latitude:35.4065793
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Longitude:-106.1523334
The Property
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Parcel Number:076003982
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:Detached,SingleFamilyResidence
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Lot Size Acres:0.12
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Lot Size SqFt:5118.0
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Lot Size Area:0.12
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Lot Size Source:PublicRecords
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Lot Size Units:Acres
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (505) 992-3253
- Office phone:
- (505) 629-0010
Taxes
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Tax Year:2025
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Tax Annual Amount:3951.2
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Tax Legal Description:T14N R 7E S25 IMPROVEMENT 013. Or as amended by title binder.
Beds
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Bedrooms Total:4
Baths
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Total Baths:3
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Full Baths:2
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Half Baths:1
Heating & Cooling
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Heating:HeatPump,Propane
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Heating:true
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Cooling:true
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Cooling:Ductless,HeatPump,Refrigerated
Utilities
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Utilities:ElectricityAvailable
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Sewer:SepticTank
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Water Source:CommunityCoop,HoldingTank
Schools
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Elementary School:Amy Biehl Community
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Middle Or Junior School:Milagro
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High School:Santa Fe
The Community
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Association:false
Parking
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Garage:false
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Parking Total:3.0
Monthly cost estimate
Asking price
$989,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,295
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| Taxes | $329 |
| Insurance | $271 |
| Utilities | $163 See report |
| Total | $6,058/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
