About This Home

This 2-bedroom, 1-bathroom single family at 2872 Nm 14 in Madrid, NM is listed for $410,000 ($293 per sqft). Built in 1940, the home offers 1,400 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1940
  • 0.17 acre lot
  • 2 stories
  • 1 parking spaces

Property Details

2 stories
1 full
1 space
1940

Amenities

A/C
Listing Description

A potentially commercial/residential property in heart of the popular artist and entertainment tourist destination, Madrid New Mexico is right on the Turquoise Trail National Scenic Byway, Hwy 14. Property is perfectly situated for a vacation rental, retail/gallery or home.

Covered front porch entrance into a spacious and sunlit front room-gallery, kitchen, bathroom, bedroom, and a back room that could be a second bed room or an office. Basement area, sun room and yard.. 23 miles from Santa Fe, Madrid attracts visitors from both Santa Fe and Albuquerque as well as National and International tourists and is famous for

its many unique shops and galleries, Christmas light display, 4th of July and Christmas Parades, and Maggie's Diner biker photo op and Wild Hogs movie memorabilia. There are two restaurants within a ten minute walk, Owner may finance with acceptable down payment of $143,500 at 7%.

Monthly Cost Estimate

$2,213/mo

20% down · 6.5% · 30 years

Principal$297
Interest$1,777
Insurance$120
HOA$20

Estimates only. Actual payments may vary.

Location

2872 Nm 14

Madrid, NM 87010

Features & Amenities

Interior Features

InteriorSteps

Property Details

Flooring

Wood

Heating

Propane (Heating)

Cooling

Window Unit(s)

Questions & Answers

This 2-bedroom, 1-bathroom single family at 2872 Nm 14 is listed at $410,000 ($293/sqft). The estimated monthly payment is $2,213 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 1940, 0.17 acre lot, 2 stories, 1 parking spaces. Interior Features: InteriorSteps.

This property is listed by Terrance Scott Polly.

TP

Terrance Scott Polly

License 169

Agent at Cholla Properties

Listed by Cholla Properties · Broker phone: (505) 438-7330 · View on Broker Site · Broker website

MLS# 202602489· Source: Santa Fe Association of REALTORS®, Inc.· 145 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.

2872 Nm 14, Madrid, NM 87010

Open this listing in: