$496,084
$285/sqftactive1607 5th Street, Santa Fe, NM 87505
Beds
3
Baths
3
Sqft
1,740
Lot
4,815 sqft
Built
1980
Type
multi family
About This Property
Just minutes away is the transformative Midtown District redevelopment, a major mixed-use project expected to bring new housing, employment centers, creative office space, parks, and cultural uses to the heart of Santa Fe. This continued investment enhances the long-term growth story for surrounding neighborhoods and increases the desirability of nearby housing.The property consists of three one-bedroom / one-bath units totaling approximately 1,740 square feet on a 0.11-acre parcel. Metrics of investment performance at the ask price of $496,084 and average rents of $1,270 include a GRM of 10.83, a before-reserves cap rate of 5.89%, a price per sf of $285.11, a price per unit of $165,361 with an after-tax IRR of 12.9%.
Features & Amenities
Property Details
| MLS # | 1102974 |
| Property Type | multi family |
| Year Built | 1980 |
| Heating | WallFurnace |
| Cooling | EvaporativeCooling |
| Lot Size | 4,815 sqft |
| Property Tax (est.) | $3,380/yr ($282/mo) |
| Price / Sqft | $285 |
| Status | Active |
| Days on Market | 0 |
Listing courtesy of NM Apartment Advisors, Inc.. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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