Santa Fe Duplex with Income
1700-1702 Calle de Oriente Norte Santa Fe, NM 87507
For Sale
$499,000
Pending
MULTI_FAMILY - Other - Santa Fe, NM
Property Size2,042 SF
Lot Size0.10 Acres
Days on Market120
Property Features for 1700-1702 Calle de Oriente Norte
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 1
- Interior features
- NoInteriorSteps
- Appliances
- Dryer, Dishwasher, GasCooktop, Oven, Range, Refrigerator, WaterHeater, Washer
- Standard status
- Pending
- APN
- 18500402
- Size
- 2,042 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- LOT 15, BLK 2, CASAS CARLOS REY S/D, S33 T17N R9E, to be verified by Title
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1987
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing Agency:
Corcoran Plaza Properties
(505) 982-4466
Listed By:
Ayden L. Gramm · License #53193
(310) 467-7017
Added: Mar 27
Changed: Jul 17
Last Checked: Jul 24 at 10:06AM
MLS# 202601006
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 central Santa Fe duplex presents an opportunity for either an owner-occupant or an investor. The property features two units, each containing 2 bedrooms, 2 full bathrooms, spacious living areas, and an in-unit washer and dryer. The units are stacked. The lower unit includes a fenced backyard, while the upper unit features a front deck. The property is located near shopping, restaurants, and parks. The lot size is 0.1 acres, and the property size is 2042 square feet. This property can be a great option for someone looking to start or expand an investment portfolio.
Key Highlights
- Central Santa Fe duplex (stacked units) built in 1987
- Each unit has 2 bedrooms and 2 full bathrooms with spacious living areas
- Both units include in‑unit washer and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.3k | $22.20 |
| − Vacancy | −$2.0k | −$1.00 |
| EGI | $43.3k | $21.20 |
| − OpEx | −$13.0k | −$6.36 |
| NOI | $30.3k | $14.84 |
2,042 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.9K
$378.8K – $505.1K
NOI $30,305 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$400.2K
$350.2K – $467.0K
NOI $28,017 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$554.5K
$485.2K – $646.9K
NOI $38,814 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Central Santa Fe duplex: live in one unit, rent the other.
Where is this duplex located?
The property is located at 1700-1702 Calle de Oriente Norte Santa Fe, NM.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Central Santa Fe duplex (stacked units) built in 1987; Each unit has 2 bedrooms and 2 full bathrooms with spacious living areas; Both units include in‑unit washer and dryer
