Under-Construction Gated Quadplex
For Sale
$769,900
102 Starling Lane, Santa Teresa, NM 88008
MULTI_FAMILY - Other - Santa Teresa, NM
Property Size3,850 SF
Lot Size0.10 Acres
Price / SF$199.97
Days on Market69
Property Features for 102 Starling Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Zoning
A1
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 3, Bedroom 9, Bedroom 6, Bathroom 7, Bedroom 5, Bathroom 1, Bedroom 10, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 1, Bedroom 7, Bathroom 4, Bedroom 4, Bathroom 6, Bathroom 5, Bedroom 2, Bathroom 8
Window features
Double Pane Windows
Interior features
Ceiling Fan(s), Pantry, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Electric Water Heater, Free-Standing Electric Oven, Microwave, Refrigerator
Subdivision
Las Brisas
Lot features
Gated Community, Standard Lot, Subdivided
Elementary school
Santat
Middle school
Santat
High school
Santat
Elementary school district
Gadsden
Middle school district
Gadsden
High school district
Gadsden
Standard status
Active
APN
4015166498462
Size
3,850 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LAS BRISAS SUBDIVISION PHASE 1 (2527667) Lot: 53 S: 21 T: 28S R: 3E
Tax Annual Amount
1699
HOA Fee
$400 Monthly
Legal Description
LAS BRISAS SUBDIVISION PHASE 1 (2527667) Lot: 53 S: 21 T: 28S R: 3E
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
gated community
green space parks
solar lighting
landscaped pathways
Building Details
Year built
2026
Floors in Building
2
Flooring type
Carpet, Vinyl
Building materials
Stucco, Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
AMAR Real Estate Group
(575) 332-4886
Listed By:
Adrienne Dominguez
(915) 412-7396
Added: May 28
Changed: Aug 3
Last Checked: Aug 4 at 11:06PM
MLS# 944749
Copyright © 2026 Greater El Paso 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.
This under-construction quadplex property is part of “Las Brisas” in Santa Teresa, presented as a gated community of 61 quadruplexes. The community concept includes two green space parks, solar lighting, and landscaped pathways. Quadplex designs offer 2- and 3-bedroom floor plans, with the option to mix and match across the 4 units, and each unit includes two bathrooms, stainless steel kitchen appliances, and a laundry room.
The property is located at 102 Starling Lane in Dona Ana County. The site is zoned A1 and is a 0.1-acre lot. The building is planned with stucco and frame construction, a shingle roof, vinyl and carpet flooring, central electric heating, and central air conditioning.
Interior appointments and included features are planned to support everyday living, including ceiling fans, a pantry, and walk-in closets, along with appliances such as a dishwasher, disposal, microwave, refrigerator, an electric water heater, and a free-standing electric oven.
The property is located at 102 Starling Lane in Dona Ana County. The site is zoned A1 and is a 0.1-acre lot. The building is planned with stucco and frame construction, a shingle roof, vinyl and carpet flooring, central electric heating, and central air conditioning.
Interior appointments and included features are planned to support everyday living, including ceiling fans, a pantry, and walk-in closets, along with appliances such as a dishwasher, disposal, microwave, refrigerator, an electric water heater, and a free-standing electric oven.
Key Highlights
- Part of Las Brisas gated community with 61 quadruplexes
- Two green space parks plus solar lighting and landscaped pathways
- 0.1‑acre lot zoned A1
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 | $39.3k | $10.20 |
| − Vacancy | −$2.2k | −$0.56 |
| EGI | $37.1k | $9.64 |
| − OpEx | −$11.1k | −$2.89 |
| NOI | $26.0k | $6.75 |
3,850 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.7K – $433.0K
NOI $25,977 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$333.8K
$292.1K – $389.4K
NOI $23,366 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$673.7K
$589.5K – $786.0K
NOI $47,161 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 88008, NM
10,239
Population
4,364
Households
2.3
Avg Household Size
33
Median Age
39%
College-Educated
92%
High-School Grad
80.7 sq mi
ZIP Area
127
Density / Sq Mi
$69,502
Median Household Income
$36,679
Median Earnings
$1,191
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Under-construction quadplexs in a gated community concept with solar lighting and two green space parks in Santa Teresa.
Where is this quadplex located?
The property is located at 102 Starling Lane Santa Teresa, NM.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Part of Las Brisas gated community with 61 quadruplexes; Two green space parks plus solar lighting and landscaped pathways; 0.1‑acre lot zoned A1
