1607 5th Street, Santa Fe, NM 87505

• 1,740 sqft

Property Description

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%.

Listing Status:

Active

Date Added:

May 6, 2026

Data Last Updated:

May 22, 2026 at 2:19PM

Listing Office:

Maestas Real Estate : (505) 463-3565

Listing Agent:

Anita Maestas :

MLS ID:

202601933

Interior

• General: No Interior Steps
• Appliances: Refrigerator
• A/C: Evaporative Cooling
• Heating: OtherSee Remarks
• Disability Feature: Not ADA Compliant

Exterior

• Style: One Story

Construction

• Roofing: Flat

Location

• Originating MLS: SFAOR_SFAOR
• County: Santa Fe

Lot

• Zoning: R-123456LOT 29BLK 53CAPITAL LAND & TOWNSITE CO ADDNS34 T17N R9E010856576

Utilities

• Utilities: Separate Meters220 Volts
• Water: Public
• Sewer: Public Sewer

Financial

• Source: SFAOR_SFAOR