1607 5th ST, Santa Fe, NM 87505
1607 5th ST, Santa Fe, NM 87505
1607 5th ST, Santa Fe, NM 87505
19
See all 19 photos
$496,084
Est. payment /mo
Save
4,791 Sqft Lot
Active

1607 5th ST Santa Fe, NM 87505

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Lance Eaton

Lance Eaton

+1(505) 695-0442

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202601933

Style One Story

HOA Y/N No

Year Built 1980

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Triplex

Property Description

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%.

Location

State NM

County Santa Fe

Zoning R-1, 2, 3, 4, 5, 6

Interior

Interior Features No Interior Steps

Heating Other, See Remarks

Cooling Evaporative Cooling

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Separate Meters

Water Access Desc Public

Roof Type Flat

Accessibility Not ADA Compliant

Private Pool No

Building

Sewer Public Sewer

Water Public

Architectural Style One Story

Schools

Elementary Schools Aspen Community Magnet School K-8

Middle Schools Aspen Community Magnet School K-8

High Schools Santa Fe

Others

Tax ID 010856576

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Santa Fe MLS (SFARMLS)
Listed by Anita Maestas • Maestas Real Estate

Nearby Locations

GET MORE INFORMATION

Lance Eaton

Lance Eaton

Qualyfing Broker/Owner | REC-REC-2024-0082

+1(505) 695-0442

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from EXIT Realty Advantage NM, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1607 5th ST