Triplex with Updated
For Sale
$1,250,000
3327 Caminito Quintana, Santa Fe, NM 87507
MULTI_FAMILY - Other - Santa Fe, NM
Property Size3,712 SF
Lot Size0.17 Acres
Price / SF$336.75
Days on Market139
Property Features for 3327 Caminito Quintana
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-1, 2, 3, 4, 5, 6
Bedrooms
7
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Interior features
NoInteriorSteps
Elementary school
Pinon
Middle school
Edgewood Middle School
High school
Capital
Directions
From St Michaels Head toward US-84 E/US Hwy 285 S Merge onto US-84 E/US Hwy 285 S Turn right onto W Zia Rd Continue straight onto NM-300 W/Rodeo Rd Continue onto NM-284 W/Airport Rd Turn right onto Caminito Quintana
Standard status
Active
APN
054198144
Size
3,712 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
T16n R9e S6, Portion Shc 6024, Tract A, Lot 2, 0.168 Ac~ ;Pm1-049-096-081-033
Legal Description
T16n R9e S6, Portion Shc 6024, Tract A, Lot 2, 0.168 Ac~ ;Pm1-049-096-081-033
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Amy Garcia · License #44422
(505) 610-8516
Added: Mar 27
Changed: Aug 2
Last Checked: Aug 12 at 9:06AM
MLS# 202601256
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 triplex offers three distinct residences within a 0.17-acre lot, totaling 3,712 square feet. Built in 1960, the property includes three separate living units and features no interior steps for ease of access. The roof is described as shingle, and public utilities are available with public water and public sewer.
Unit updates and upgrades are extensive across the front home, charming casita, and the spacious two-story main residence. The front home includes new flooring, updated countertops, windows, doors, a water heater, and electrical improvements including a breaker panel and in-unit washer and dryer. The casita has new flooring, cabinetry, windows, plumbing, and an upgraded breaker panel. The two-story main residence includes new flooring, updated windows and doors, remodeled bathrooms, upgraded kitchen cabinetry, an electric fireplace, and a new breaker panel.
The property includes both 3323 and 3327 Caminito Quintana and is zoned R-1, 2, 3, 4, 5, 6.
Unit updates and upgrades are extensive across the front home, charming casita, and the spacious two-story main residence. The front home includes new flooring, updated countertops, windows, doors, a water heater, and electrical improvements including a breaker panel and in-unit washer and dryer. The casita has new flooring, cabinetry, windows, plumbing, and an upgraded breaker panel. The two-story main residence includes new flooring, updated windows and doors, remodeled bathrooms, upgraded kitchen cabinetry, an electric fireplace, and a new breaker panel.
The property includes both 3323 and 3327 Caminito Quintana and is zoned R-1, 2, 3, 4, 5, 6.
Key Highlights
- Three distinct residences in a triplex on a 0.17‑acre lot
- 3,712 square feet; built in 1960
- Front home updated with in‑unit washer and dryer, new flooring, and upgraded breaker panel
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
$55,089
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
4.41%
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%
$1,101,780
$1.1M
Cap Rate 7%
$786,986
$787.0K
Cap Rate 9%
$612,100
$612.1K
Market Conditions
NOI Build-Up for 3,712 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
$82.4K $22.20/SF
− Vacancy
−$3.7K −$1.00/SF
EGI
$78.7K $21.20/SF
− OpEx
−$23.6K −$6.36/SF
NOI
$55.1K $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%
$1,101,780
Cap Rate 7%
$786,986
Cap Rate 9%
$612,100
Alternative Uses
Best Use
Multifamily LT 5
$787.0K
$688.6K – $918.2K
NOI $55,089 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$727.6K
$636.6K – $848.8K
NOI $50,930 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.01M
$882.0K – $1.18M
NOI $70,558 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 87507, NM
51,338
Population
21,272
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
96.1 sq mi
ZIP Area
534
Density / Sq Mi
$62,955
Median Household Income
$34,102
Median Earnings
$1,276
Median Rent
$333,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three distinct residences, public utilities, and extensive interior and systems updates.
Where is this triplex located?
The property is located at 3327 Caminito Quintana Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three distinct residences in a triplex on a 0.17‑acre lot; 3,712 square feet; built in 1960; Front home updated with in‑unit washer and dryer, new flooring, and upgraded breaker panel
