Remodeled Duplex with
For Sale
$798,000
1417 Agua Fria Street, Santa Fe, NM 87505
ResidentialIncome, Santa Fe, NM
Property Size1,742 SF
Lot Size0.30 Acres
Price / SF$458.09
Days on Market159
Property Features for 1417 Agua Fria Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1, 2, 3, 4, 5, 6
Zoning description
residential
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4
Parking features
Carport
Security features
Security
Interior features
NoInteriorSteps
Fireplace
1
Appliances
Dryer, Dishwasher, Disposal, GasWaterHeater, Microwave, Oven, Range, Refrigerator, Washer, TanklessWaterHeater
Elementary school
Aspen Community Magnet School K-8
Middle school
Aspen Community Magnet School K-8
High school
Santa Fe
Directions
From Saint Frances Drive, south on Agua Fria Street, just past Alire Street and Agua Fria Nursery on the right.
Standard status
Active
APN
010793600
Size
1,742 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR E, .3047 AC, S27 T17N R9E
Tax Annual Amount
2441
Legal Description
TR E, .3047 AC, S27 T17N R9E
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Forced Air, Electric (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
front and back portals
fenced back yard
carport
EV charger
back shed
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Building materials
Block, Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Living Santa Fe LLC
(505) 660-1108
Listed By:
Anna Vanderlaan · License #42918
(505) 231-3410
Added: Apr 3
Changed: Sep 8
Last Checked: Sep 8 at 10:06AM
MLS# 202601364
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,742-square-foot duplex on a 0.3-acre lot includes two connected residences, each measuring 850 square feet. The front unit has one bedroom, oak flooring, a full kitchen, a shower and soaking tub, and front and rear portals. The second unit provides two bedrooms, a three-quarter bath with double sinks, a kitchen with a movable storage island, a portal, and a fenced backyard. A door between the residences allows the layout to function as one household when desired.
The property was comprehensively remodeled with updated plumbing, electrical wiring, insulation, stucco, kitchens, bathrooms, doors, and windows. Additional improvements include a 6' x 20' basement, accessible crawl space, insulated attic with 16 inches of insulation, rear shed, metal roof, central air, natural-gas heating, fireplace, public water and sewer, and a carport with an EV charger. Built in 1954, the property carries R-1, 2, 3, 4, 5, 6 zoning and is located at 1417 Agua Fria Street in Santa Fe.
The property was comprehensively remodeled with updated plumbing, electrical wiring, insulation, stucco, kitchens, bathrooms, doors, and windows. Additional improvements include a 6' x 20' basement, accessible crawl space, insulated attic with 16 inches of insulation, rear shed, metal roof, central air, natural-gas heating, fireplace, public water and sewer, and a carport with an EV charger. Built in 1954, the property carries R-1, 2, 3, 4, 5, 6 zoning and is located at 1417 Agua Fria Street in Santa Fe.
Key Highlights
- Two 850‑square‑foot residences within a 1,742‑square‑foot duplex
- 0.3‑acre lot with carport, fenced backyard, portals, and rear shed
- R‑1, 2, 3, 4, 5, 6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,852
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$517,040
$517.0K
Cap Rate 7%
$369,314
$369.3K
Cap Rate 9%
$287,244
$287.2K
Market Conditions
NOI Build-Up for 1,742 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.7K $22.20/SF
− Vacancy
−$1.7K −$1.00/SF
EGI
$36.9K $21.20/SF
− OpEx
−$11.1K −$6.36/SF
NOI
$25.9K $14.84/SF
Area
Santa Fe County, NM
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$517,040
Cap Rate 7%
$369,314
Cap Rate 9%
$287,244
Alternative Uses
Best Use
Multifamily LT 5
$369.3K
$323.2K – $430.9K
NOI $25,852 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$341.4K
$298.8K – $398.4K
NOI $23,901 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$473.0K
$413.9K – $551.9K
NOI $33,112 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 87505, NM
32,078
Population
18,733
Households
1.7
Avg Household Size
52
Median Age
54%
College-Educated
94%
High-School Grad
65.1 sq mi
ZIP Area
493
Density / Sq Mi
$75,912
Median Household Income
$41,169
Median Earnings
$1,348
Median Rent
$484,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two connected living units support duplex or single-household use, with separate kitchens, baths, and outdoor portal areas.
Where is this duplex located?
The property is located at 1417 Agua Fria Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Two 850‑square‑foot residences within a 1,742‑square‑foot duplex; 0.3‑acre lot with carport, fenced backyard, portals, and rear shed; R‑1, 2, 3, 4, 5, 6 zoning
