Common bean (Phaseolus vulgaris L.) is one of the most important grain legumes consumed globally, especially in Ethiopia, for its edible seeds, cash crops, and supply of protein for farmers. Efficient statistical methods must be employed for the evaluation of common bean varieties to accurately select superior varieties that contribute to agricultural productivity. The objective of this study was to identify promising large mottled bean varieties through analysis of multi-environment trials (MET) data using multiplicative spatial mixed models. In this study, 16–18 large mottled common bean varieties, including one check, were sown across nine growing environments in Ethiopia using lattice and alpha lattice designs, with three replications laid out in a square or rectangular (row by column) array of plots, respectively during the main cropping season from 2015 to 2018. We present a linear mixed model analysis that integrates spatial and factor analytic (FA) models, and the heritability measure was used to evaluate the efficiency of these models with the conventional analysis. The analysis of the spatial model, and more significantly, the spatial+FA model, revealed a notable enhancement in heritability. With the exception of a trial conducted at Kobo, a genotype DAP 292, found to be good performing for days to flowering and maturity, but for yield only across four clusters of trials, C2, C3, C5 and C7, formed with trials of relatively high genetic variance. Across these clusters, the yield advantage of this variety over the check ranged from 10–32%. This genotype also has a yield that is somewhat comparable to the check across the remaining clusters. Overall, both the spatial and factor analytic models proved to be effective approaches for analyzing the data in this study. The analysis of multi-environment trial data through the use of more efficient statistical models can provide a more robust platform for evaluating common bean varieties with greater confidence in selecting superior varieties across a range of environments. Hence, scaling up the use of this efficient analysis method is indispensable for enhancing the selection of superior varieties.