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    4884 La Junta Del Alamo Santa Fe, NM 87507

    For Sale
    $1,139,000

    MULTI_FAMILY - Other - Santa Fe, NM

    Property size:
    6,000 SF
    Lot size:
    2.19 Acres
    Days on Market:
    112
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 4884 La Junta Del Alamo

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security
    APN
    056001239
    Interior features
    InteriorSteps
    Size
    6,000 SF
    Lot size
    2.19 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas
    Water source
    Well

    Building Details

    Year built
    1937
    Floors in Building
    1
    Number of units
    5
    Building materials
    Adobe, Frame, Stucco
    Roof type
    Flat
    Architectural style
    Other

    Barker Realty LLC (505) 982-9836 [email protected]

    Listing agent Natalie Rivera Benavent (505) 455-8750 License #49334

    Listing date Aug 25, 2025

    MLS# 202502193 Listing URL

    Copyright © 2025 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.

    Overview

    Santa Fe Multifamily Investment Opportunity

    Located in the historic Agua Fria Village of Santa Fe, this multifamily property presents a significant investment opportunity. Situated on a 2.191-acre parcel, half of which remains undeveloped, the property features gated access and ample paved parking. Originally a family compound with three residences, the 8,000 square foot property was repurposed as the International Institute of Chinese Medicine, and later reimagined into 5 dwellings and 2 studios. The property consists of 3 buildings, two wells, and 3 septic systems. Zoned "Commercial Neighborhood" under County oversight, the property includes a full set of plans to develop the vacant portion. The property is positioned to combine the historic charm of Santa Fe with the profitability of future development within a robust housing market. The savvy investor can enjoy immediate rental income while formulating a plan for the additional land. The property is a short drive from downtown, shopping, and entertainment. The property has 6,000 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.0222437
    Latitude
    35.6535901

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in historic Agua Fria Village with development potential.
    Where is this apartment building located?
    The property is located at 4884 La Junta Del Alamo Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $1,139,000.
    What are key features of this property?
    This property features: - Owner financing available.; - Significant development potential on 2.191-acre parcel with half undeveloped and full set of plans.; - Multi-family property with 5 dwellings and 2 studios, providing immediate rental income.
    (505) 455-8750
    Request Owner's contact information
    4884 La Junta Del Alamo Santa Fe, NM 87507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4884 La Junta Del Alamo Santa Fe, NM 87507
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