Fourplex with Off-Street
4301 Calle Andrew Santa Fe, NM 87507
4301 Calle Andrew, Santa Fe, NM, 87507
$899,000
For Sale
$899,000
MULTI_FAMILY - Other - Santa Fe, NM
Property Size4,032 SF
Lot Size0.09 Acres
Price / SF$222.97
Days on Market15
Property Features for 4301 Calle Andrew
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-7
- Bedrooms
- 8
- Rooms
- Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 4
- Interior features
- NoInteriorSteps
- Standard status
- Active
- APN
- 940002115
- Size
- 4,032 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2300
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1994
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Frame
- Roof type
- Flat
- Architectural style
- Other
Listing agency
Varela Real Estate, Inc.
(505) 982-2525
Listed by
Phillip Varela · License #18075
(505) 982-2525
Added: Jul 9 Checked: Jul 23 at 5:06AM
MLS# 202602995
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 fourplex for sale includes four residential units, with each unit offering two bedrooms and two bathrooms. The listing notes gas fireplaces in each unit and a small yard for tenant use. Off-street parking is available, supporting day-to-day convenience for residents. The property is identified as fully leased and producing rental income, with all units currently occupied.
Located in Santa Fe, the property is described as being in a stable rental corridor with convenient access to shopping, employment centers, schools, and major roadways. The listing also states that multi-family inventory in the area is limited and that fourplexes like this rarely come to market.
For buyers looking for a turn-key rental asset, the practical appeal here is the combination of a consistent unit mix (four 2-bedroom, 2-bath homes) and an all-occupied status at the time of sale. The property may fit an owner-operator or investor seeking a straightforward four-unit configuration with established tenancy, supported by the listing’s statement that the building is well-maintained and currently generating income. Zoning is listed as R-7.
Located in Santa Fe, the property is described as being in a stable rental corridor with convenient access to shopping, employment centers, schools, and major roadways. The listing also states that multi-family inventory in the area is limited and that fourplexes like this rarely come to market.
For buyers looking for a turn-key rental asset, the practical appeal here is the combination of a consistent unit mix (four 2-bedroom, 2-bath homes) and an all-occupied status at the time of sale. The property may fit an owner-operator or investor seeking a straightforward four-unit configuration with established tenancy, supported by the listing’s statement that the building is well-maintained and currently generating income. Zoning is listed as R-7.
Key Highlights
- Fourplex with 4 fully leased 2‑bedroom, 2‑bath units
- Each unit includes a gas fireplace and a small yard
- Off‑street parking available for residents
Local 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 | $89.5k | $22.20 |
| − Vacancy | −$4.0k | −$1.00 |
| EGI | $85.5k | $21.20 |
| − OpEx | −$25.6k | −$6.36 |
| NOI | $59.8k | $14.84 |
4,032 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$854.8K
$748.0K – $997.3K
NOI $59,838 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$790.3K
$691.5K – $922.0K
NOI $55,321 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.09M
$958.0K – $1.28M
NOI $76,640 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully leased fourplex with four two-bedroom, two-bath units, each with gas fireplace and small yard.
Where is this quadplex located?
The property is located at 4301 Calle Andrew Santa Fe, NM.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fourplex with 4 fully leased 2‑bedroom, 2‑bath units; Each unit includes a gas fireplace and a small yard; Off‑street parking available for residents
