Quadplexes in Gated
For Sale
$769,900
105 Alegro 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 Market70
Property Features for 105 Alegro 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
4015166500425
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: 40 S: 21 T: 28S R: 3E
Tax Annual Amount
1699
HOA Fee
$400 Monthly
Legal Description
LAS BRISAS SUBDIVISION PHASE 1 (2527667) Lot: 40 S: 21 T: 28S R: 3E
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
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 5 at 12:06AM
MLS# 944735
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 quadplex is under construction with an anticipated year built of 2026. The 0.1-acre lot includes a 3,850-square-foot property and is being developed with stucco and frame construction and a shingle roof. Interior finishes and features include ceiling fans, a pantry, and walk-in closets. Heating is central electric, and cooling is central air.
Designed as part of Las Brisas in Santa Teresa, the broader community will be gated and include 61 quadruplexes. The community plan includes two green space parks, solar lighting, and landscaped pathways. Quadruplex design is described with a choice of 2- and 3-bedroom floor plans that can be mixed and matched across the four units.
Each unit includes two bathrooms, stainless steel kitchen appliances, and a laundry room. Appliances listed include a dishwasher, disposal, electric water heater, free-standing electric oven, microwave, and refrigerator.
Designed as part of Las Brisas in Santa Teresa, the broader community will be gated and include 61 quadruplexes. The community plan includes two green space parks, solar lighting, and landscaped pathways. Quadruplex design is described with a choice of 2- and 3-bedroom floor plans that can be mixed and matched across the four units.
Each unit includes two bathrooms, stainless steel kitchen appliances, and a laundry room. Appliances listed include a dishwasher, disposal, electric water heater, free-standing electric oven, microwave, and refrigerator.
Key Highlights
- 0.1‑acre lot with a 3,850‑square‑foot quadplex under construction
- Part of the gated Las Brisas community planned with 61 quadruplexes
- 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
Lease Details
244
Residential units
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 - Quadplex under construction with Central Air and electric central heat, part of a gated Las Brisas community in Santa Teresa.
Where is this quadplex located?
The property is located at 105 Alegro 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: 0.1‑acre lot with a 3,850‑square‑foot quadplex under construction; Part of the gated Las Brisas community planned with 61 quadruplexes; Zoned A1
