This affordable 2-bedroom, 1-bath property offers solid investment potential for buyers seeking rental income or a low-cost retirement option. Located near an elementary school and within a short distance to downtown Raton, the home provides convenient access to daily essentials. With some updates and TLC needed, this property presents an excellent opportunity to add value and customize to your needs. A practical choice for investors or budget-conscious buyers looking for long-term potential.
For sale
$69,500
128 Water St, Raton, NM 87740
2beds
1,032sqft
Est.:
Single Family Residence
Built in 1945
6,673.39 Square Feet Lot
$-- Zestimate®
$67/sqft
$-- HOA
What's special
- 9 days |
- 470 |
- 23 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 01, 2025 at 09:14am
Listed by:
Wendy Mileta 575-707-1662,
Realty One Of New Mexico - Raton 575-707-1662
Source: New Mexico MLS,MLS#: 20256759
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Natural Gas, Space Heater
Appliances
- Included: Free-Standing Range
Features
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,032
- Total interior livable area: 1,032 sqft
Property
Parking
- Parking features: No Garage
Lot
- Size: 6,673.39 Square Feet
- Features: Irregular Lot
Details
- Parcel number: 1135185511464
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Metal Siding
- Roof: Pitched,Shingle
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Raton
Financial & listing details
- Price per square foot: $67/sqft
- Tax assessed value: $49,085
- Annual tax amount: $456
- Date on market: 12/1/2025
- Electric utility on property: Yes
Wendy Mileta
(575) 707-1662
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Estimated market value
Not available
Estimated sales range
Not available
$1,303/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Listed for sale | $69,500$67/sqft |
Source:  New Mexico MLS #20256759 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $456 +24.4% | $16,362 +3% |
| 2023 | $366 +3.4% | $15,885 +3% |
| 2022 | $354 +3.3% | $15,423 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$328/mo
Principal & interest
$270
Property taxes
$34
Home insurance
$24
Climate risks
Neighborhood: 87740
Nearby schools
GreatSchools rating
- 3/10Longfellow Elementary SchoolGrades: PK-2Distance: 0.1 mi
- 7/10Raton High SchoolGrades: 7-12Distance: 1.3 mi
- 6/10Raton Middle SchoolGrades: 3-6Distance: 0.6 mi
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