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%.
For sale
$496,084
1607 5th St, Santa Fe, NM 87505
3beds
3baths
1,740sqft
Triplex, Multi Family, Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$285/sqft
$-- HOA
What's special
- 153 days
- 166
- 7
Zillow last checked:
Listing updated:
Listed by:
Anita Maestas,
Maestas Real Estate 505-463-3565,
Todd D. Clarke 505-440-8633,
NM Apartment Advisors, Inc.
Source: SFARMLS,MLS#: 202601933
Originating MLS: Albuquerque Board of REALTORS
Originating MLS: Albuquerque Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Other, See Remarks
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- No Interior Steps
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,740
- Total interior livable area: 1,740 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: 010856576
- Zoning: R-1, 2, 3, 4, 5, 6
- Zoning description: None
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Triplex, Multi Family, Multi Family
Materials
- Roof: Flat
Condition
- Year built: 1980
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
HOA
- Has HOA: No
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $285/sqft
- Date on market: 5/6/2026
- Listing terms: Cash,Conventional,1031 Exchange
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Listed for sale | $496,084$285/sqft |
Source:  SFARMLS #202601933 Report a problem | ||
| 9/3/2026 | Pending sale | $496,084$285/sqft |
Source: SFARMLS #202601933 Report a problem | ||
| 5/7/2026 | Listed for sale | $496,084+12.7%$285/sqft |
Source: SFARMLS #202601933 Report a problem | ||
| 2/16/2022 | Sold | -- |
Source: SFARMLS #202104426 Report a problem | ||
| 1/25/2022 | Pending sale | $440,000$253/sqft |
Source: SFARMLS #202104426 Report a problem | ||
| 10/6/2021 | Listed for sale | $440,000$253/sqft |
Source: SFARMLS #202104426 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87505
Nearby schools
Schools provided by the listing agent
- Elementary: Aspen Community Magnet School K-8
- Middle: Aspen Community Magnet School K-8
- High: Santa Fe
Source: SFARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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