1607 5th Street, Santa Fe, NM 87505

Santa Fe
Local realty services provided by:ERA Sellers & Buyers Real Estate
1607 5th Street,Santa Fe, NM 87505
$496,084
  • 3 Beds
  • 3 Baths
  • 1,740 sq. ft.
  • Multi-family
  • Active
Listed by: todd d clarke
Office: nm apartment advisors, inc.
MLS#:1102974
Source:NM_SWMLS

Price summary

  • Price:$496,084
  • Price per sq. ft.:$285.11

About this home

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%.

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Home facts

  • Year built:1980
  • Listing ID #:1102974
  • Added:1 day(s) ago
  • Updated:May 06, 2026 at 11:32 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Flooring:Tile
  • Kitchen Description:Refrigerator
  • Living area:1,740 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1980
  • Building area:1,740 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Frame, Stucco
  • Levels:1 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$496,084
  • Price per sq. ft.:$285.11
  • Tax amount:$3,380

Features and amenities

  • Appliances:Refrigerator

Parking

  • Total parking spaces:3

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