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About This Home
This 3-bedroom, 0-bathroom residential multi family at 1607 5th Street in Santa Fe, NM is listed for $496,084 ($285 per sqft). Built in 1980, the home offers 1,740 sqft of living space on a 0.11 acres lot.
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%.
Key Features
- Built in 1980
- 0.11 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,653/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1607 5th Street
Santa Fe, NM 87505
Features & Amenities
Interior Features
Property Details
Appliances
Questions & Answers
This 3-bedroom, 0-bathroom residential multi family at 1607 5th Street is listed at $496,084 ($285/sqft). The estimated monthly payment is $2,150 based on 20% down at 6.5% interest.
Key features include: Built in 1980, 0.11 acre lot. Interior Features: NoInteriorSteps.
This property is listed by Anita Maestas and can be reached at 5054633565 or anita@maestasrealty.com.
