For sale

$496,084

1607 5th St, Santa Fe, NM 87505

3beds

3baths

1,740sqft

$3,201/mo

Get pre-qualified

Triplex, Multi Family

Built in 1980

-- sqft lot

$483,400 Zestimate^®

$285/sqft

$-- HOA

What's special

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%.

159 days
196
7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Wall Furnace

Cooling

Evaporative Cooling

Appliances

Included: Refrigerator

Features

Flooring: Tile

Interior area

Total structure area: 1,740
Total interior livable area: 1,740 sqft

Property

Parking

Total spaces: 3

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1

Lot

Size: 4,791 Square Feet

Details

Has additional parcels: Yes
Parcel number: 010856576
Zoning description: R-2

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex, Multi Family

Materials

Frame, Stucco

Condition

Resale
New construction: No
Year built: 1980

Utilities & green energy

Utilities for property: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Subdivision: Capital Land & Townsite Co Addn

Location

Region: Santa Fe

Financial & listing details

Price per square foot: $285/sqft
Tax assessed value: $454,230
Annual tax amount: $3,380
Date on market: 5/6/2026
Cumulative days on market: 159 days
Listing terms: Cash,Conventional,FHA,VA Loan
Total actual rent: 3810
Tenant pays: Electricity, Gas

Estimated market value

$483,400

$459,000 - $508,000

$2,437/mo

Price history

Date	Event	Price
5/6/2026	Listed for sale	$496,084+116.6%$285/sqft
Source: SWMLS #1102974 Report a problem
4/30/2016	Listing removed	$229,000$132/sqft
Source: Santa Fe Fine Homes #201504836 Report a problem
12/21/2015	Sold	--
Source: Agent Provided Report a problem
12/3/2015	Price change	$229,000+3.6%$132/sqft
Source: Santa Fe Fine Homes #201504836 Report a problem
11/11/2015	Price change	$221,000-14.7%$127/sqft
Source: Santa Fe Fine Homes #201504836 Report a problem
10/30/2015	Listed for sale	$259,000+25.9%$149/sqft
Source: Santa Fe Fine Homes #201504836 Report a problem
9/26/2015	Listing removed	$205,700$118/sqft
Source: REALHome Services & Solutions, Inc. dba Owners.com #848951 Report a problem
9/2/2015	Listed for sale	$205,700$118/sqft
Source: REALHome Services and Solutions #848951 Report a problem
9/1/2015	Pending sale	$205,700$118/sqft
Source: REALHome Services and Solutions #848951 Report a problem
9/1/2015	Listed for sale	$205,700$118/sqft
Source: REALHome Services and Solutions #848951 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,380 +2.6%	$445,286 +3%
2024	$3,294 -2.9%	$432,317
2023	$3,393 +107.7%	$432,317 +109.2%
2022	$1,634 +1.6%	$206,639 +3%
2021	$1,608 -30.6%	$200,622 +108.1%
2020	$2,317 +50.6%	$96,401 +52.9%
2019	$1,538 +2.3%	$63,036 +3%
2018	$1,504	$61,200 +15.8%
2017	$1,504 +15.3%	$52,856 +3%
2016	$1,305	$51,317 -9.2%
2015	$1,305 -4.2%	$56,487
2014	$1,362 -32.2%	--
2013	$2,011 +3.2%	--
2012	$1,948 +1.4%	--
2011	$1,922 +4.5%	--
2010	$1,840 +5.7%	--
2009	$1,741 +4.2%	--
2008	$1,670 +162%	--
2005	$637 +15.5%	--
2004	$552 -7%	--
2003	$593 +12.5%	--
2002	$527 -4.4%	--
2001	$552 +3.5%	--
2000	$533	$31,548