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Quadplex with Private Courtyard Entrances
For Sale
$1,795,000

102 Padre Martinez Lane, Taos, NM 87571

MULTI_FAMILY - Other - Taos, NM

Property Size5,011 SF
Lot Size0.45 Acres
Price / SF$358.21
Days on Market123

Property Features for 102 Padre Martinez Lane

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description historic
Patio and Porch features Porch, Patio
Interior features BeamedCeilings, CeilingFans, CableTv
Exterior features GravelDriveway
Fireplace 1
Appliances Dryer, Disposal, GasRange, GasWaterHeater, Microwave, Refrigerator, Washer
Lot features Corner Lot, Drip Irrigation Bubblers, Garden, Irregular Lot
Directions Property located behind Taos Plaza on the west side of Ranchitos Road.
Subdivision TOWN OF TAOS (45A)
Standard status Active
Lot size 0.45 Acres

Taxes and HOA fees

Tax Description Township 25N Range 13E Section 17
Legal Description Township 25N Range 13E Section 17

Utilities

Heating system Forced Air
Water source Public

Amenities

private courtyard
fireplaces
landscaped grounds

Building Details

Year built 1932
Floors in Building 1
Number of units 4
Flooring type Tile, Wood
Building materials Adobe, Frame, Stucco
Roof type Metal
Architectural style Other
Listing Agency: TAOS PROPERTIES REAL ESTATE INVESTMENT
Listed By: Lisa Cancro · License #41545
Added: Apr 13 Changed: Aug 1 Last Checked: Aug 13 at 9:06PM
MLS# 114822

Copyright © 2026 Enchanted Circle Association of REALTORS®. 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.

Historic Mill House Apartments is a Territorial-style quadplex positioned just west of Taos Plaza in the heart of town. The 5,011-square-foot property was originally remodeled in 2014 and features four fully furnished units, each with a private courtyard at its individual entrance.

The homes preserve original historic details, including select preserved original windows, while other windows have been updated for improved seasonal efficiency. Interior finishes include smooth plaster walls, archways, and traditional Southwestern fireplaces. Kitchens are equipped with Frigidaire appliances, Kohler sinks, and original cabinet doors that were re-textured, with open shelving throughout. Unit layouts include Unit 1 (568 SF studio), Unit 2 (1,608 SF, 2 bedrooms, 1 bathroom), Unit 3 (1,155 SF, 1 bedroom, 1 bathroom with a queen sleeper sofa), and Unit 4 (1,106 SF, 2 bedrooms, 1 bathroom).

Construction materials include adobe, frame, and stucco, with tile and wood flooring. The property is heated with forced air, has a metal roof, and includes a porch/patio and a gravel driveway. Public water is provided.

Key Highlights

  • 5,011‑square‑foot Territorial‑style quadplex remodeled in 2014
  • Four fully furnished units, each with a private courtyard at its individual entrance
  • Unit mix: 568 SF studio; 1,608 SF 2 bed/1 bath; 1,155 SF 1 bed/1 bath; 1,106 SF 2 bed/1 bath

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office HVAC Service Garden Center Grocery & Convenience Store Florist (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,028
Businesses Nearby

Demographics for 87571, NM

11,650
Population
7,038
Households
1.7
Avg Household Size
50
Median Age
44%
College-Educated
92%
High-School Grad
157.7 sq mi
ZIP Area
74
Density / Sq Mi
$55,833
Median Household Income
$27,254
Median Earnings
$1,006
Median Rent
$416,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Historic Territorial-style quadplex west of Taos Plaza with furnished units, each featuring a private courtyard at entry.
Where is this quadplex located?
The property is located at 102 Padre Martinez Lane Taos, NM.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 5,011‑square‑foot Territorial‑style quadplex remodeled in 2014; Four fully furnished units, each with a private courtyard at its individual entrance; Unit mix: 568 SF studio; 1,608 SF 2 bed/1 bath; 1,155 SF 1 bed/1 bath; 1,106 SF 2 bed/1 bath
More about this property
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