# 1607 5th Street, Santa Fe, NM 87505

> **TL;DR:** 3bd/0ba residential multi family, $496,084 ($285/sqft), built 1980, 1,740 sqft.
> A/C. Est. $2,150/mo. Listed 26 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $496,084 |
| Price/sqft | $285 |
| Bedrooms | 3 |
| Square Feet | 1,740 |
| Year Built | 1980 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 26 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,150 |
| **Total** | **$2,150** |

## Nearby Schools

- **Elementary:** Aspen Community Magnet School K-8
- **Middle:** Aspen Community Magnet School K-8
- **High:** Santa Fe

## Key Amenities

- A/C

## Property Highlights

- Built in 1980
- 0.11 acre lot

## Description

### Agent 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

- **Address:** 1607 5th Street, Santa Fe, NM 87505
- **County:** Santa Fe
- **Coordinates:** 35.66197, -105.9703941
- **Google Maps:** https://www.google.com/maps?q=35.66197,-105.9703941

## Listing Agent

- **Name:** Anita Maestas
- **Brokerage:** Maestas Real Estate
- **Phone:** 5054633565
- **Email:** anita@maestasrealty.com

## Primary Photo

![1607 5th Street - Primary Photo](http://lh.rdcpix.com/a70f709be8b42723c707891cae6909abl-f1711495670r.jpg)

*19 total photos available on [listing page](https://www.propertysimple.com/listing/1607-5th-street-santa-fe-nm-87505-02601933)*

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**MLS#:** 202601933 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1607-5th-street-santa-fe-nm-87505-02601933)

---

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