3226 Rufina, Santa Fe, NM 87507
Local realty services provided by:ERA Summit
3226 Rufina,Santa Fe, NM 87507
$3,041,053
- - Beds
- - Baths
- 11,440 sq. ft.
- Multi-family
- Active
Listed by: todd d. clarke
Office: nm apartment advisors, inc.
MLS#:202502719
Source:NM_SFAR
Price summary
- Price:$3,041,053
- Price per sq. ft.:$265.83
About this home
Excited to see this Apartment community come to market in the high-end tourism, 400 year old capital, high alpine skiing, arts, and cultural mecca of Santa Fe, NM.
If you love Meow Wolf, this property is located a few hundred feet south at 3226 Rufina. The economic engine of Meow Wolf makes this an ideal asset to acquire under the rising tide raises all ships theory.
The property contains a total of 23 units in 2 buildings built in the 1980s, with a small parcel of land for potential additional uses.
Historically a high barrier to entry market for new construction, the area has been identified as being short some 6,484 housing units.
The community has partnered to bring more multifamily units on line than the Albuquerque area, but it’s not enough to satiate the resident demand. This has translated to high rent growth and the new construction is establishing a new ceiling on market rents ranging from $2,505 to $6,446 per month (you read that correct – there are a half dozen communities that the high end of their rent is between $2,505 to $6,446 per month!)
This high barrier to entry market has some of the most expensive single-family housing in the country with an average price over $700,000.
The community contains a range of units from small one bedrooms, averaging 432 sf to larger two bedroom units at 620sf. The lower floor units have a secure, double loaded corridor and the ground floor and upstairs units have their own private entrances. The property contains a common laundry room. The owner has furnished a couple of the smaller units to appeal to the traveling nurses/professional market.
If you want to pay all cash, or obtain a new loan, the price is $3,041,153 – a 6.37% cap rate at the current average rents of $1,117, the measure of investment performance include a price per unit of $132,220, a price per square foot of $265.83 a GRM of 9.86 and a cap rate of 6.37%. If the rents are raised to market averages of $1,401, measure of investment performance improve to 7.86, and a cap rate of 7.45%
Do not miss out on this opportunity to invest in one of America’s most sought-after markets and receive a rare positive cash flow....
Contact an agent
Home facts
- Year built:1984
- Listing ID #:202502719
- Added:324 day(s) ago
- Updated:May 06, 2026 at 05:04 PM
Rooms and interior
- Living area:11,440 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Electric
Structure and exterior
- Roof:Built Up
- Year built:1984
- Building area:11,440 sq. ft.
- Lot area:0.88 Acres
- Architectural Style:Multi Level
- Construction Materials:Frame
- Levels:Multi Split
Schools
- High school:Santa Fe
- Middle school:Ortiz
- Elementary school:Ramirez Thomas
Utilities
- Water:Public, Separate Meters
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,041,053
- Price per sq. ft.:$265.83
New listings near 3226 Rufina
- New
$1,170,000Active4 beds 4 baths3,900 sq. ft.23 Camino De Las Minas, Santa Fe, NM 87508
MLS# 202601777Listed by: SOTHEBY'S INT. RE/GRANT - New
$985,000Active3 beds 2 baths2,271 sq. ft.103 Tierra Rica, Santa Fe, NM 87505
MLS# 202601883Listed by: REALTY ONE OF NEW MEXICO - New
$1,339,000Active3 beds 3 baths2,529 sq. ft.53 Vallecito Rd., Santa Fe, NM 87506
MLS# 202601399Listed by: SOTHEBY'S INT. RE/WASHINGTON - New
$515,000Active1 beds 1 baths804 sq. ft.321 1/2 W Houghton Street, Santa Fe, NM 87505
MLS# 202601411Listed by: SOTHEBY'S INT. RE/WASHINGTON - Open Sat, 11am to 1pmNew
$725,000Active3 beds 2 baths1,355 sq. ft.508 Juanita Street, Santa Fe, NM 87501
MLS# 202601670Listed by: KELLER WILLIAMS REALTY - New
$3,795,000Active4 beds 5 baths5,335 sq. ft.123 E Lupita Road, Santa Fe, NM 87505
MLS# 202601870Listed by: SOTHEBY'S INT. RE/WASHINGTON - Open Sun, 1 to 3pmNew
$875,000Active2 beds 3 baths2,955 sq. ft.4707 Lluvia Encantada, Santa Fe, NM 87507
MLS# 202601898Listed by: REAL BROKER LLC. - New
$1,049,000Active4 beds 3 baths2,562 sq. ft.7 Via Harena, Santa Fe, NM 87507
MLS# 202601890Listed by: REDFIN CORPORATION - New
$955,000Active2 beds 2 baths2,493 sq. ft.975 Indian Ridge, Santa Fe, NM 87501
MLS# 202601919Listed by: KELLER WILLIAMS REALTY - Open Sat, 11am to 12:30pmNew
$469,900Active3 beds 2 baths1,445 sq. ft.1908 Calle Miquela, Santa Fe, NM 87505
MLS# 202600375Listed by: BARKER REALTY, LLC
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.