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
Built in 1980
-- sqft lot
$480,600 Zestimate®
$285/sqft
$-- HOA
What's special
- 60 days |
- 475 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc. 505-440-8633
Source: SWMLS,MLS#: 1102974
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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: $432,317
- Annual tax amount: $3,380
- Date on market: 5/6/2026
- Cumulative days on market: 60 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3810
- Tenant pays: Electricity, Gas
Estimated market value
$480,600
$457,000 - $505,000
$2,737/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 |
|---|---|---|
| 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 | $31,548 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 87505
Nearby schools
GreatSchools rating
- 5/10Salazar Elementary SchoolGrades: PK-6Distance: 0.5 mi
- 6/10Milagro Middle SchoolGrades: 7-8Distance: 1.5 mi
- NASanta Fe EngageGrades: 9-12Distance: 3.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Mexico
- Santa Fe County
- Santa Fe
- 87505
- 1607 5th St
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