About This Home

This 3-bedroom, 3-bathroom single family at 2864 NM 14 in Cerrillos, NM is listed for $540,000 ($193 per sqft). Built in 1920, the home offers 2,791 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1920
  • 0.18 acre lot
  • 2 stories
  • 5 parking spaces

Property Details

2 stories
2 full
5 spaces
1920
Listing Description

Unique residential, live-work or investment opportunity in downtown Madrid. Versatile mixed-use property with storefront and multiple residential units. Discover endless possibilities with this mixed-use property, ideally located in the heart of downtown Madrid.

Anchored by an approximately 1,400-square-foot storefront, the space is ideal for retail and enjoys a high foot traffic area. Recent improvements include a brand new roof and updates to the electrical and plumbing systems, providing peace of mind for the next owner.

Beyond the storefront, the property features three distinct residential spaces: a 320-square-foot upstairs studio apartment, a 612-square-foot downstairs one-bedroom apartment, and a 477-square-foot one-bedroom casita at the rear. Courtyards separate the casita from the main building, offering functional outdoor space.

Whether you are looking for a live-work arrangement, seeking rental income, or considering a unique investment, this property is ready for its next chapter. Come see today and explore the opportunity in vibrant downtown Madrid!

Monthly Cost Estimate

$2,908/mo

20% down · 6.5% · 30 years

Principal$391
Interest$2,340
Insurance$158
HOA$20

Estimates only. Actual payments may vary.

Location

2864 NM 14

Cerrillos, NM 87010

Features & Amenities

Interior Features

InteriorSteps

Property Details

Flooring

WoodTileFlagstone

Construction

Frame

Heating

Propane (Heating)

Cooling

Window Unit(s)

Appliances

OvenRangeRefrigeratorWaterHeater

Questions & Answers

This 3-bedroom, 3-bathroom single family at 2864 NM 14 is listed at $540,000 ($193/sqft). The estimated monthly payment is $2,909 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $20/month.

Key features include: Built in 1920, 0.18 acre lot, 2 stories, 5 parking spaces. Interior Features: InteriorSteps.

This property is listed by Michael S. Sanford.

MS

Michael S. Sanford

License 52569

Agent at Barker Realty LLC

Listed by Barker Realty LLC · Broker phone: (505) 982-9836 · View on Broker Site · Broker website

MLS# 202603380· Source: Santa Fe Association of REALTORS®, Inc.· 92 days on PropertySimple

Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2864 NM 14, Cerrillos, NM 87010

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