# 720 School, Espanola, NM 87532

> **TL;DR:** 18bd/0ba multi-family, $1,400,000 ($207/sqft), built 1948, 6,756 sqft.
> A/C. Est. $6,067/mo. Listed 102 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,400,000 |
| Price/sqft | $207 |
| Bedrooms | 18 |
| Square Feet | 6,756 |
| Year Built | 1948 |
| Lot Size | 24,394 sqft (0.56 acres) |
| Stories | 1 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 102 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,067 |
| **Total** | **$6,067** |

## Nearby Schools

- **Elementary:** Espanola
- **Middle:** Carlos F. Vigil Espanola Middle School
- **High:** Espanola Valley High

## Key Amenities

- A/C

## Property Highlights

- Built in 1948
- 0.56 acre lot

## Description

### Agent Description
Incredible 7-unit investment opportunity in the heart of Espanola's desirable westside neighborhood, nestled between the Rio Grande River and the Plaza. 720 School Street is fully occupied and has been extensively remodeled, offering a rare turnkey multifamily property with low/no maintenance ownership. Updates include new flooring, newer central heat and air conditioning, upgraded electrical and plumbing, newer kitchens with granite countertops, natural stone backsplash, stainless steel appliances, LED lighting throughout, newer stucco, metal roof, and updated windows. Each unit features its own in-unit laundry and outdoor space, plus designated parking. Residents also enjoy access to a shared 0.56-acre lot-ideal for relaxing or gathering. Condominium documents are complete and available for review, and ready to record, providing future flexibility for individual unit sales. Located approximately 20 miles from Los Alamos National Laboratory, this property offers strong rental appeal with excellent long-term investment potential.

## Location

- **Address:** 720 School, Espanola, NM 87532
- **County:** Rio Arriba
- **Coordinates:** 35.9886686, -106.0838361
- **Google Maps:** https://www.google.com/maps?q=35.9886686,-106.0838361

## Listing Agent

- **Name:** Rachael L. Baca
- **Brokerage:** Logic Real Estate
- **Phone:** 5053104929
- **Email:** rachaelsellsnewmexico@gmail.com

## Primary Photo

![720 School - Primary Photo](http://lh.rdcpix.com/b4d0242bf8e54236120b3570de818491l-f4227459609r.jpg)

*76 total photos available on [listing page](https://www.propertysimple.com/listing/720-school-espanola-nm-87532-02600611)*

---

**MLS#:** 202600611 | **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/720-school-espanola-nm-87532-02600611)

---

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