Multi-unit investment property just off Agua Fria St and steps from Frenchy’s Park, offering a rare 7-unit mix in a high-demand Santa Fe rental corridor. The property features 2 studios, 2 one-bedroom, and 3 three-bedrooms, creating broad appeal and steady rental potential. Tenants love the nearby access to trails, green space, shopping, and transit, plus the quick drive to downtown and the Railyard. A strong income-producing asset with excellent potential for thoughtful updates and long-term growth in a well-established, highly sought-after area of Santa Fe. Seller financing available with 20% down. Terms acceptable to seller.
For sale
$1,300,000
1901 Arroyo De Las Cruces Rd, Santa Fe, NM 87505
11beds
7baths
4,735sqft
Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$275/sqft
$-- HOA
What's special
Green space
- 165 days |
- 189 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Rachel Martin 757-672-6208,
Las Campanas Realty, LLC 505-986-2000,
Ralph F. Larranaga III 505-470-2277,
Las Campanas Realty, LLC
Source: SFARMLS,MLS#: 202600192
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
Heating
- Ductless, Forced Air, Fireplace(s)
Cooling
- Wall/Window Unit(s)
Features
- Interior Steps
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,735
- Total interior livable area: 4,735 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Lot
- Size: 0.46 Acres
Details
- Parcel number: 10778752
- Zoning: Other,R-1, 2, 3, 4, 5, 6
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Multi Family
Materials
- Roof: Other,See Remarks
Condition
- Year built: 1979
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other, See Remarks
Community & HOA
HOA
- Has HOA: No
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $275/sqft
- Tax assessed value: $687,052
- Annual tax amount: $4,039
- Date on market: 1/15/2026
- Listing terms: Cash,1031 Exchange,Other,See Remarks
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 1/20/2026 | Listed for sale | $1,300,000+17%$275/sqft |
Source:  SFARMLS #202600192 Report a problem | ||
| 6/11/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/13/2025 | Price change | $1,111,111+17.1%$235/sqft |
Source: Owner Report a problem | ||
| 1/17/2025 | Price change | $949,000+11.8%$200/sqft |
Source: Owner Report a problem | ||
| 12/2/2024 | Listed for sale | $849,000-14.7%$179/sqft |
Source: Owner Report a problem | ||
| 7/20/2024 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/21/2024 | Listed for sale | $995,000-9.5%$210/sqft |
Source: Owner Report a problem | ||
| 1/3/2024 | Listing removed | -- |
Source: SFARMLS #202340891 Report a problem | ||
| 9/8/2023 | Listed for sale | $1,100,000$232/sqft |
Source: SFARMLS #202340891 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,039 +0% | $536,077 +3% |
| 2023 | $4,038 +1.1% | $520,464 +3% |
| 2022 | $3,995 +1.6% | $505,306 +3% |
| 2021 | $3,933 +3.1% | $490,589 +209% |
| 2020 | $3,815 +1.4% | $158,766 +3% |
| 2019 | $3,762 +2.3% | $154,142 +3% |
| 2018 | $3,679 | $149,653 +3% |
| 2017 | $3,679 +2.6% | $145,295 +3% |
| 2016 | $3,587 | $141,063 +0.8% |
| 2015 | $3,587 +6.2% | $139,964 -4.2% |
| 2014 | $3,376 -6.6% | $146,050 |
| 2013 | $3,616 +3.2% | -- |
| 2012 | $3,503 +1.4% | -- |
| 2011 | $3,456 +4.5% | -- |
| 2010 | $3,309 +5.7% | -- |
| 2009 | $3,131 +4.2% | -- |
| 2008 | $3,003 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/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
- 3/10Aspen Community Magnet SchoolGrades: PK-12Distance: 1.2 mi
- NASanta Fe EngageGrades: 9-12Distance: 3.4 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- New Mexico
- Santa Fe County
- Santa Fe
- 87505
- 1901 Arroyo De Las Cruces Rd
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