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For sale
    • $1,400,000

    720 School St, Espanola, NM 87532

    18beds
    9baths
    6,756sqft
    : 
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    Multi Family, Apartment
    Built in 1948
    -- sqft lot
    $-- Zestimate®
    $207/sqft
    $-- HOA

    What's special

    Metal roofUpdated windowsStainless steel appliancesUpgraded electrical and plumbingNatural stone backsplashLed lighting throughout
    Incredible 7-unit investment opportunity in the heart of Española’s desirable westside neighborhood, nestled between the Rio Grande River and the Plaza. 720 School Street is fully occupied and has been extensively remodeled, offering a rare turnkey multifamily property with low/no maintenance ownership. Updates include new flooring, newer central heat and air conditioning, upgraded electrical and plumbing, newer kitchens with granite countertops, natural stone backsplash, stainless steel appliances, LED lighting throughout, newer stucco, metal roof, and updated windows. Each unit features its own in-unit laundry and outdoor space, plus designated parking. Residents also enjoy access to a shared 0.56-acre lot—ideal for relaxing or gathering. Condominium documents are complete and available for review, and ready to record, providing future flexibility for individual unit sales. Located approximately 20 miles from Los Alamos National Laboratory, this property offers strong rental appeal with excellent long-term investment potential.
    133 days
    |
    165
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Rachael L. Baca 505-310-4929,

    Logic Real Estate 505-820-7000,

    Lynn G-Scott 505-470-9005,

    Logic Real Estate

    Source: SFARMLS,MLS#: 202600611MLS LogoOriginating MLS: Santa Fe Association of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 18
      • Bathrooms: 9
      Heating
      • Forced Air
      Cooling
      • Central Air, Refrigerated
      Appliances
      • Included: Dryer, Dishwasher, Gas Cooktop, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
      Features
      • Interior Steps
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 6,756
      • Total interior livable area: 6,756 sqft

      Property

      Accessibility
      • Accessibility features: Not ADA Compliant
      Features
      • Levels: Multi/Split
      Lot
      • Size: 0.56 Acres
      Details
      • Parcel number: 1046120170058
      • Zoning: R-1, 2, 3, 4, 5, 6
      • Zoning description: R5
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Multi-Level,One Story
      • Property subtype: Multi Family, Apartment
      Materials
      • Adobe, Block, Stucco
      • Roof: Metal
      Condition
      • Year built: 1948

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Other, Separate Meters, Electricity Available

      Community & HOA

      Community
      • Security: Dead Bolt(s), Heat Detector, Smoke Detector(s)
      HOA
      • Has HOA: No
      Location
      • Region: Espanola

      Financial & listing details

      • Price per square foot: $207/sqft
      • Date on market: 2/19/2026
      • Listing terms: Assumable,Cash,Conventional,1031 Exchange,Other,See Remarks
      • Tenant pays: Cable TV, Electricity, Sewer, Trash Collection, Water
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/9/2026Listing removed$2,000
        Source: Zillow Rentals Report a problem
        2/19/2026Listed for sale$1,400,000+324.4%$207/sqft
        Source: SFARMLS #202600611 Report a problem
        2/2/2026Listed for rent$2,000+2.6%
        Source: Zillow Rentals Report a problem
        10/28/2025Listing removed$329,900$49/sqft
        Source: SFARMLS #202504401 Report a problem
        10/15/2025Listing removed$1,950
        Source: Zillow Rentals Report a problem
        9/26/2025Listed for sale$329,900-8.1%$49/sqft
        Source: SFARMLS #202504401 Report a problem
        9/24/2025Price change$1,950-2.5%
        Source: Zillow Rentals Report a problem
        9/4/2025Price change$2,000-11.1%
        Source: Zillow Rentals Report a problem
        7/28/2025Listed for rent$2,250
        Source: Zillow Rentals Report a problem
        7/22/2025Listing removed$359,000$53/sqft
        Source: SFARMLS #202502437 Report a problem
        6/3/2025Listed for sale$359,000$53/sqft
        Source: SFARMLS #202502437 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.
        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.
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        Climate risks

        Neighborhood: 87532

        Getting around

        47 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Espanola
        • Middle: Carlos F. Vigil Espanola Middle School
        • High: Espanola Valley High

        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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