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303 Eaton Ave, Socorro, NM, 87801

3beds
2baths
4,023sqft
$450,000
$112price/sqft
$3,155/moest. monthly cost
$126,200/yrincome needed

About This Home

Historic multi-unit opportunity in Socorro, NM! Three buildings are being sold together, offering up to seven possible units and exceptional potential for investors or restoration enthusiasts. The main building, originally built in 1893, showcases many original architectural features that reflect the craftsmanship and charm of the era. From historic details to classic design elements, this property offers a rare opportunity to restore and preserve a truly special piece of Socorro's heritage.The property was listed on the National Register of Historic Places in 1991, further highlighting its historical significance. With multiple units across the property, this is a unique chance to revitalize a historic landmark while creating income-producing opportunities.

Getting Around

65
WalkingSomewhat Walkable
0
TransitVery Limited Transit
73
BikeVery Bikeable

Schools

3/10
4/10
4/10
Socorro High SchoolGrades 9-121.1 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1893

Materials

  • Construction materials: Adobe

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Single Family Residence

Interior

Appliances

  • Appliances included: Free-Standing Gas Range,Refrigerator
  • Laundry features: Washer Hookup,Dryer Hookup,In Unit

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Features

  • Flooring: Carpet,Laminate

Heating

  • Heating features: Wall Furnace

Interior Area

  • Total structure area: 4,023
  • Total interior livable area: 4,023 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0013500253
  • Zoning description: R-1

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 1.06 Acres

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
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Hail
    HailRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Ice Storm
    Ice StormModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Hail
Winter Weather
Cold Wave
Earthquake
Ice Storm
Wildfire

FEMA Declared Disasters in Socorro County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

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

MonthlyAnnual
Mortgage $2,275$27,300
Home Insurance *$377$4,524
Property Taxes $217$2,604
Electricity $286$3,432
Total$3,155$37,860
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$108,171/yr
40% on housing$94,650/yr
45% on housing$84,133/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

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.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.6%
2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$112This listing

vs Other Active Listings

Avg $/sqft

ZIP 87801$113
Socorro County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 87801
Socorro County$119

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)

No zestimate history available

Price History

DateEventPrice
2026-03-12Listed for sale$450,000

For Sale by Agent

AgentKimberly J King
BrokerageRealty One of New Mexico

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