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    537 Kathryn Ave Santa Fe, NM 87501

    For Sale
    $825,000

    MULTI_FAMILY - Other - Santa Fe, NM

    Property size:
    2,464 SF
    Lot size:
    0.15 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 7 at 9:06 am

    Property Features for 537 Kathryn Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-1, 2, 3, 4, 5, 6
    Rooms
    Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    3
    APN
    11923328
    Interior features
    NoInteriorSteps
    Fireplace
    1
    Appliances
    Dryer, Disposal, Oven, Range, Refrigerator, Washer, EnergyStarQualifiedAppliances
    Size
    2,464 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Fireplace(s), Ductless (Heating), Natural Gas, Other (Heating)
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    1937
    Floors in Building
    1
    Number of units
    3
    Building materials
    Adobe, Frame, Stucco
    Roof type
    Membrane
    Architectural style
    Other

    Santa Fe Properties, Inc. (505) 982-4466 [email protected]

    Listing agent Cary Spier (505) 690-2856 License #44621

    Listing date Sep 9, 2025

    MLS# 202501809 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

    Charming Adobe Triplex Investment Opportunity

    This charming walled adobe triplex is located in a serene, yet central neighborhood with available street parking. The property features a roomy courtyard with shade trees and a classic portal stretching across the building. The property consists of two smaller units in the front building and a large detached casita tucked away in back. All units have separate gas and electric meters. Each unit includes mini-splits for heating and cooling, washer/dryers, wood floors, and rustic Santa Fe accents. The front units each have one bedroom, one bath, a living room, a kitchen, and decorative kiva-style fireplaces. The detached casita (Unit C) is approximately 1174 square feet and includes a large living room with flagstone floors, a working woodstove set into a masonry fireplace with built-in live-edge wood shelving, and high beamed ceilings. There is a spacious eat-in kitchen and a bonus room that could be an office or media room. The casita also has three mini-splits, a separate storage shed, and two off-street parking spaces. The property is zoned R-1, 2, 3, 4, 5, 6. The property is currently leased, presenting a sound investment opportunity. The property is located close to the Tune-up Cafe, the Railyard Arts District, the Farmer's Market, Whole Foods, and the Historic Plaza. The total property size is 2464 square feet on a 0.15-acre lot. The property could be converted to short-term rentals with owner occupation in the back.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    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
    -105.9578714
    Latitude
    35.6820532

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    FAQs

    What type of property is this?
    Triplex - Serene Santa Fe triplex with rustic accents and rental income.
    Where is this triplex located?
    The property is located at 537 Kathryn Ave Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Triplex with strong income potential: All units are currently leased.; - Detached, spacious casita: The **1174 sq ft casita features a large living room, eat-in kitchen, bonus room, wood stove, and private parking.**; - Prime location: Centrally located near the Tune-Up Cafe, Railyard Arts District, Farmer's Market, Whole Foods, and the Historic Plaza.
    (505) 690-2856
    Request Owner's contact information
    537 Kathryn Ave Santa Fe, NM 87501
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    Santa Fe, NM 87501
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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
    537 Kathryn Ave Santa Fe, NM 87501
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