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
- 212 days |
- 165 |
- 10 |
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 REALTORSFacts & 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: $727,650
- Annual tax amount: $4,146
- 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 |
|---|---|---|
| 2025 | $4,146 +2.6% | $552,158 +3% |
| 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
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87505
Nearby schools
GreatSchools rating
- 3/10Aspen Community Magnet SchoolGrades: PK-12Distance: 1.2 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.
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A local agent can set up tours, give advice and negotiate with sellers.
