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    Espanola, NM La Mesilla, NM Chimayo, NM Ohkay Owingeh, NM Hernandez, NM Santa Fe, NM Chamita, NM Alcalde, NM
    Santa Cruz Multifamily Investment Opportunity
    Updated: Jul 11, 2025
    Santa Cruz Multifamily Investment Opportunity

    1004 State Road 76, Santa Cruz, NM 87567

    $1,023,993
    5,741 sqft 1.15 AC lot
    7‑plex with construction materials including adobe, block, frame, and stucco
    Built in 1945
    Heating options include central, radiant, forced air, electric heating, and radiant floor
    Each unit has its own laundry or shares with only 1 additional unit
    Most residences include private yard spaces
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    This listing looks promising.

    Here's a quick look at some key insights for

    1004 State Road 76, Santa Cruz, NM 87567

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    • Est. Cap Rate

      7.7%
      Above avg (5.9%)

    • Est. NOI

      $79K
      Annual

    • Price @ 7% Cap

      $1.13M
      Above asking
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Santa Cruz, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multifamily 8-Unit Portfolio
    Multifamily 8-Unit Portfolio

    55-65 Darlene Road SE, Rio Rancho, NM 87124

    $1,030,000
    6,620 sqft 0.41 AC lot

    Two separately parceled 4-plex buildings totaling eight 2-bedroom, 1-bath units are offered with long-standing tenants in place.

    View details
    Multi-Family 8-Unit Portfolio
    Multi-Family 8-Unit Portfolio

    309-313 Geraldine Loop SE, Rio Rancho, NM 87124

    $1,030,000
    6,684 sqft 0.57 AC lot

    Two separately parceled 4-plex buildings totaling eight 2-bedroom, 1-bath units are offered for sale together.

    View details
    Modern Railyard Apartments For Sale
    Modern Railyard Apartments For Sale

    920 Shoofly Street, Santa Fe, NM 87505

    $6,300,000
    15,995 sqft 0.65 AC lot

    New 18-unit multifamily complex in Santa Fe Railyard.

    View details
    Santa Fe Railyard Apartments
    Santa Fe Railyard Apartments

    920 Shoofly, Santa Fe, NM 87505

    $6,300,000
    15,995 sqft 0.65 AC lot

    New 18-unit apartment complex in Santa Fe Railyard.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

    View details
    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details
    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    San Jacinto Land with Utilities
    San Jacinto Land with Utilities

    Rosario, San Jacinto, CA 92583

    $155,000
    0.33 AC lot

    Unique lot with utilities available for multiple residential uses.

    View details

    Santa Cruz, NM Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Santa Cruz, NM on our real estate platform. These investment opportunities span a total of 5,741 square feet of properties for sale, with an estimated market value of $1,023,993.

    Sale prices for two-family homes in Santa Cruz, NM start at $1,023,993, averaging $1,023,993, and reaching up to $1,023,993 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 1,029
    Population Growth (5Y) -25.3%
    College Educated 27.3%

    High-Yield Neighborhoods for Investment

    Identify Santa Cruz submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    87567 $1M

    Taxes & Financing

    Tax Rate (average for all types) 2.52%
    Property Tax per SF $0.83 per SF
    Tax Rate vs County Average 0.62 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Santa Fe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Santa Fe County

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