# 2325 Cerrillos, Santa Fe, NM 87505

> **TL;DR:** commercial, $1,800,000 ($75/sqft), built 1998, 24,000 sqft. Est. $9,627/mo. Listed 130 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,800,000 |
| Price/sqft | $75 |
| Square Feet | 24,000 |
| Year Built | 1998 |
| Lot Size | 25,700 sqft (0.59 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 130 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $9,102 |
| Estimated Insurance | $525 |
| **Total** | **$9,627** |

## Property Highlights

- Built in 1998
- 0.59 acre lot

## Description

### Agent Description
Presenting the La Luz Building at 2325 Cerrillos Road, a substantial 24,000-square-foot commercial multifamily asset offering a uniquely secure investment profile in the Santa Fe market. This impressive three-story property features a dual-use configuration, anchored by 24 residential apartments encompassing 32 total rooms on the upper levels. The residential component operates exclusively under specific use restrictions as a 100% low-income housing community, which is directly supported by an active HUD grant currently in place. This grant structure provides an investor with highly stable, government-backed revenue, significantly mitigating vacancy risks and ensuring a reliable, consistent cash flow. Adding immediate upside to this steady foundation, the ground floor is dedicated to commercial office spaces that are ready to be leased to professional tenants. These commercial suites offer excellent footprint and accessibility, creating a robust secondary income stream entirely separate from the residential rent roll above. The building's substantial structure is purposefully designed to accommodate this mixed-use demand, maintaining clear separation between the ground-floor business operations and the private residential housing. By combining the guaranteed income stability of a HUD-supported housing program with the value-add leasing potential of ground-level commercial offices, this asset delivers a highly specialized and lucrative financial model. This is a rare opportunity to acquire a high-capacity, dual-revenue property with built-in financial safeguards.

## Location

- **Address:** 2325 Cerrillos, Santa Fe, NM 87505
- **County:** Santa Fe
- **Coordinates:** 35.6609447, -105.981583
- **Google Maps:** https://www.google.com/maps?q=35.6609447,-105.981583

## Listing Agent

- **Name:** Krishan Kumar · **License:** 18765
- **Brokerage:** spicyProperties
- **Broker Phone:** 505 2167788

## Photos

![2325 Cerrillos - Photo 1](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f764875730r.jpg)

![2325 Cerrillos - Photo 2](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3327455673r.jpg)

![2325 Cerrillos - Photo 3](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3479672077r.jpg)

![2325 Cerrillos - Photo 4](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f1774136662r.jpg)

![2325 Cerrillos - Photo 5](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f632525754r.jpg)

![2325 Cerrillos - Photo 6](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f1849310932r.jpg)

![2325 Cerrillos - Photo 7](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f194462206r.jpg)

![2325 Cerrillos - Photo 8](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f2422399515r.jpg)

![2325 Cerrillos - Photo 9](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f1608455110r.jpg)

![2325 Cerrillos - Photo 10](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3540876924r.jpg)

![2325 Cerrillos - Photo 11](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3038532011r.jpg)

![2325 Cerrillos - Photo 12](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f1415074615r.jpg)

![2325 Cerrillos - Photo 13](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f320757116r.jpg)

![2325 Cerrillos - Photo 14](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f836890791r.jpg)

![2325 Cerrillos - Photo 15](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f74821803r.jpg)

![2325 Cerrillos - Photo 16](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f272074316r.jpg)

![2325 Cerrillos - Photo 17](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f2441722735r.jpg)

![2325 Cerrillos - Photo 18](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f2651535546r.jpg)

![2325 Cerrillos - Photo 19](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f299073832r.jpg)

![2325 Cerrillos - Photo 20](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f4212338139r.jpg)

![2325 Cerrillos - Photo 21](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f4194083485r.jpg)

![2325 Cerrillos - Photo 22](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f1788703403r.jpg)

![2325 Cerrillos - Photo 23](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3214920997r.jpg)

![2325 Cerrillos - Photo 24](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f941089248r.jpg)

![2325 Cerrillos - Photo 25](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f2523103610r.jpg)

![2325 Cerrillos - Photo 26](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3947622362r.jpg)

![2325 Cerrillos - Photo 27](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f4242305189r.jpg)

![2325 Cerrillos - Photo 28](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3983170093r.jpg)

![2325 Cerrillos - Photo 29](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3039549150r.jpg)

![2325 Cerrillos - Photo 30](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f807953871r.jpg)

![2325 Cerrillos - Photo 31](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f960217821r.jpg)

![2325 Cerrillos - Photo 32](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f1794452175r.jpg)

![2325 Cerrillos - Photo 33](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f530869562r.jpg)

![2325 Cerrillos - Photo 34](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3016866034r.jpg)

![2325 Cerrillos - Photo 35](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f245858417r.jpg)

![2325 Cerrillos - Photo 36](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3647537775r.jpg)

![2325 Cerrillos - Photo 37](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f2984094622r.jpg)

![2325 Cerrillos - Photo 38](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f2967079260r.jpg)

![2325 Cerrillos - Photo 39](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f842856455r.jpg)

![2325 Cerrillos - Photo 40](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3170506897r.jpg)

![2325 Cerrillos - Photo 41](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f792492950r.jpg)

![2325 Cerrillos - Photo 42](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f2309740788r.jpg)

![2325 Cerrillos - Photo 43](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3818484025r.jpg)

![2325 Cerrillos - Photo 44](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f3742167732r.jpg)

![2325 Cerrillos - Photo 45](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f2203477862r.jpg)

![2325 Cerrillos - Photo 46](http://lh.rdcpix.com/f2b37c2c5ea5b998fde4cdf6a602ab22l-f1790281221r.jpg)

---

**MLS#:** 202602834 | **Updated:** 2026-10-20
**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.ai/listing/2325-cerrillos-santa-fe-nm-87505-fb6d971c4f9f4ef7bd76fbf570bc4ea9)

---

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