This fourplex in mid Santa Fe has great income potential. Three units are rented and one vacant and newly remodeled. Three 1-bed 1-bath units and one 2-bed 2-bath unit. All units have fireplaces. There are 6 parking spaces. Near the Zia Rail Runner station, Rail Trail and City Park and easy access to main arteries in town as well as easy access to I-25. Quiet setting and each unit has an outdoor space for themselves.
Discover a fantastic investment opportunity with this charming four-unit property, near the Heart of Santa Fe. This traditional New Mexico style property, with a total living space of 2,277 sq ft, exudes the authentic Southwest charm that draws renters seeing a true Santa Fe Experience. Every space consists of classic vigas, colorful elements and wood detailing throughout. Three of units being one bedroom, one bath, and one studio apartment equipped with adequate living and cooking room. Located just minutes from downtown Santa Fe, this property offers easy access to the city's vibrant cultural scene, shopping, and dining establishments. Its convenient location makes it an attractive option for potential renters looking for convenience and unique character. This property presents a lucrative opportunity for generating consistent monthly income for its new owner whether living on property or renting all units.
The median home value in Santa Fe, NM is $541,100. This is higher than the county median home value of $490,000. The national median home value is $338,100. The average price of homes sold in Santa Fe, NM is $541,100. Approximately 55.34% of Santa Fe homes are owned, compared to 31.49% rented, while 13.18% are vacant. Santa Fe real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Santa Fe real estate agent to arrange a tour today!
Santa Fe, New Mexico 87505 has a population of 86,935. Santa Fe 87505 is less family-centric than the surrounding county with 20.33% of the households containing married families with children. The county average for households married with children is 23.22%.
The median household income in Santa Fe, New Mexico 87505 is $61,990. The median household income for the surrounding county is $64,423 compared to the national median of $69,021. The median age of people living in Santa Fe 87505 is 44 years.
The average high temperature in July is 86.1 degrees, with an average low temperature in January of 18.1 degrees. The average rainfall is approximately 15.1 inches per year, with 26.2 inches of snow per year.