322 Moreno St, Las Vegas, NM, 87701
About This Home
OPEN HOUSE SUNDAY MAY 10TH, NOON TO 4PM. Completely updated three unit investment property less than a block away from the historic Las Vegas, New Mexico plaza! Currently pulling in $5000 per month in rent! 1031 exchange accepted. The main home at the front of the property has 3 bedrooms, 1 and 3/4 bathrooms, lots of closet space, a charming covered front porch, high ceilings, nichos, wood floors, granite countertops, stainless dishwasher, built in microwave, laundry room with front loading washer dryer, transom windows, ornate ceilings, large fenced yard, and mature perennials. The upstairs studio apartment has granite counters, 3/4 bathroom, and a spacious deck with views of the plaza. The third unit is a stand alone home with a new covered portal, 2 bedrooms, full bathroom with stackable washer/dryer, granite counters, stainless dishwasher and fridge with bottom freezer drawer, built in microwave, completely fenced yard, and a large enclosed room waiting to be finished in whatever way you like - rec room, large 3rd bedroom? Newer ProPanel roof, mini-splits, stucco, appliances, cabinets, etc. etc. Live in the front home and rent the other 2 out or rent out all 3 to continue with a hefty income.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1902
Materials
- Construction materials: Adobe
Type & Style
- Home type: MultiFamily
- Architectural style: Multi-Level
- Property subType: Triplex,Multi Family,Multi Family
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Electric Cooktop,Electric Water Heater,Microwave,Oven,Range,Refrigerator,Water Heater,Washer
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Interior Steps
Heating & Cooling
- Heating features: Ductless,Separate Meters
- Cooling features: Ductless,Refrigerated
Interior Area
- Total structure area: 2,246
- Total interior livable area: 2,246 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Details
- Parcel number: R0004260
- Zoning: R-1, 2, 3, 4, 5, 6
- Zoning description: R3
- Special condition: Standard
Features
- Levels: Multi/Split
Lot
- Lot size: 6,969 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Winter Weather
- Lightning
- Wildfire
- Cold Wave
- Hail
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in San Miguel County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,523 | $30,276 |
| Home Insurance * | $423 | $5,076 |
| Property Taxes | $195 | $2,340 |
| Electricity | $159 | $1,916 |
| Total | $3,300 | $39,600 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-09 | Price change | $598,000 |
| 2026-03-01 | Price change | $599,000 |
| 2025-01-03 | Price change | $450,000 |
| 2022-11-21 | Listed for sale | $189,000 |
| 2022-09-16 | Sold | -- |
| 2022-08-24 | Pending sale | $169,500 |
| 2022-08-24 | Contingent | $169,500 |
| 2022-08-11 | Listed for sale | $169,500 |
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