Versatile Duplex Near Santa Fe
996 Paseo Del Sur Santa Fe, NM 87501
996 Paseo Del Sur, Santa Fe, NM, 87501
$1,925,000
For Sale
$1,925,000
MULTI_FAMILY - Other - Santa Fe, NM
Property Size3,893 SF
Lot Size1.18 Acres
Price / SF$494.48
Days on Market167
Property Features for 996 Paseo Del Sur
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1, 2, 3, 4, 5, 6
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 4
- Parking features
- Garage
- Interior features
- InteriorSteps
- Appliances
- Dryer, Dishwasher, GasCooktop, Disposal, Microwave, WaterHeater, Washer
- Standard status
- Active
- APN
- 018207209
- Size
- 3,893 SF
- Lot size
- 1.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 7, 1.187 AC, THUNDERBIRD HILLS S/D, S18 T17N R10E
- Tax Annual Amount
- 11855
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant Floor, Forced Air, Radiant
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1993
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame, Stucco
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
Barker Realty, LLC
(505) 982-9836
530 S Guadalupe St., Santa Fe, NM
Listed by
Stephanie Duran · License #38495
(505) 204-2491
Added: Feb 3 Updated: Jul 17 at 2:54 pm Checked: Jul 20 at 3:06 pm
MLS# 202600362
Listing URL
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 3,896 sq. ft. duplex is located minutes from the Plaza, Canyon Road, and the Railyard District. The property, situated on 1.2 acres, offers versatility and Southwestern design. It features two independent residences, Casa Del Sur and Casa Del Norte, each with two bedrooms and two bathrooms. The property can be used for multi-generational living, rental income, or live/work arrangements. The interiors feature vigas, Saltillo tile flooring, brick flooring, and exposed adobe and plaster walls. Each residence has its own living spaces, kitchens, and private entrances. The home includes a 3-car garage and ample outdoor areas. The property's zoning is R-1, 2, 3, 4, 5, 6. The property offers quiet surroundings within easy reach of Santa Fe's galleries, restaurants, and historic landmarks.
Key Highlights
- 3,896 sq. ft. duplex on a 1.2‑acre setting with two fully independent 2‑bed, 2‑bath residences under one roof
- Each residence has its own living spaces, kitchens, and private entrances for separation without sharing interiors
- Built in 1993 with central air, radiant floor/radiant heating, and forced‑air heating
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 | $86.4k | $22.20 |
| − Vacancy | −$3.9k | −$1.00 |
| EGI | $82.5k | $21.20 |
| − OpEx | −$24.8k | −$6.36 |
| NOI | $57.8k | $14.84 |
3,893 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$825.4K
$722.2K – $962.9K
NOI $57,775 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$763.1K
$667.7K – $890.2K
NOI $53,414 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.06M
$925.0K – $1.23M
NOI $73,998 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious duplex on 1.2 acres near Plaza and Railyard.
Where is this duplex located?
The property is located at 996 Paseo Del Sur Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: 3,896 sq. ft. duplex on a 1.2‑acre setting with two fully independent 2‑bed, 2‑bath residences under one roof; Each residence has its own living spaces, kitchens, and private entrances for separation without sharing interiors; Built in 1993 with central air, radiant floor/radiant heating, and forced‑air heating
