1607 5th Street, Santa Fe, NM 87505
Capital Land & Townsite Co Addn · Santa Fe County
Key Facts
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%.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1980
Stories
1
Living Area
1,740 sq ft
Lot Size
0.11 acres
Parking Spaces
3
Days on Market
24
MLS® Listing#
1102974
Property Features
Appliances
Cooling
Heating
Flooring
Construction
Utilities
Financial Details
Annual Taxes
$3,380
Parcel Number
010856576
Directions
From I-25 and St. Michael's north to 5th street, north on 5th to the property (between FCerrillos and St. Michaels)
Affordability Calculator
$99,217
Estimated monthly payment
$2,640/mo
Principal $396,867 · Est. interest $553,665 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Santa Fe, NM
- $736,723
- Median Listing Price
- 76
- Median Days on Market
- 2,259
- Median Sq Ft
- $377
- Median Price / Sq Ft
- 948
- Active Listings
- This home’s price is 33% below the area median.
- Its price per sq ft is 24% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Santa Fe, NM.
Location
- 1607 5th Street, Santa Fe, NM 87505
Points of Interest in Santa Fe, NM
Showing the Santa Fe area map.
Nearby Schools
Santa Fe Indian School
Secondary · 0.4 mi away
Salazar Elementary
Elementary · 0.5 mi away
De Vargas Middle
Elementary · 0.6 mi away
Contemporary Alexander School
School · 0.6 mi away
Santa Fe High School
Secondary · 0.8 mi away
Santa Fe Secondary School
Secondary · 0.8 mi away
Harvest Baptist Church
Elementary · 0.8 mi away
Nava Elementary School
Secondary · 0.9 mi away
Larragoite Elementary School
Elementary · 1.0 mi away
Mandela International Magnet School - Pta
Secondary · 1.0 mi away
School of Aspen Santa Fe Ballet
School · 1.0 mi away
Santa Fe Public School
School · 1.1 mi away
Early College Opportunities School
Secondary School · 1.1 mi away
Santa Fe Public Schools
School · 1.2 mi away
Ramirez Thomas Elementary
Elementary · 1.2 mi away
Ej Martinez Elementary
Elementary · 1.2 mi away
Chaparral Elementary School
Elementary · 1.2 mi away
Amanecer Early Head Start
School · 1.3 mi away
St Michaels High School
Secondary · 1.3 mi away
Kearny Elementary
Elementary · 1.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 176 Dawson Street, Santa Teresa, NM | $347,500 | 4 | 2 | 1,674 |
| 176 Dawson Street, Santa Teresa, NM | $347,500 | 4 | 2 | 1,674 |
| 6056 TIN HILL Street, Santa Teresa, NM | $347,550 | 4 | 3 | 1,824 |
| 856 CEDAR PARK Avenue, Santa Teresa, NM | $349,950 | 4 | 2 | 1,803 |
| 1092 NICKEL HILL Avenue, Santa Teresa, NM | $349,999 | 4 | 3 | 1,861 |
| 4354 San Benito Street C, Santa Fe, NM | $350,000 | 2 | 2 | 1,339 |
Moving Cost Estimate
EXIT Agents in Santa Fe
Listing Courtesy: NM Apartment Advisors, Inc. - 5054408633