Four-Unit Quadplex with Flexible
For Sale
$769,900
106 Starling Lane, Santa Teresa, NM 88008
Residential, Santa Teresa, NM
Property Size3,850 SF
Lot Size0.10 Acres
Price / SF$199.97
Days on Market149
Property Features for 106 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
Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 9, Bathroom 5, Bathroom 6, Bathroom 2, Bathroom 1, Bathroom 7, Bedroom 7, Bathroom 8, Bedroom 2, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 10, Bathroom 3
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
4015166503459
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: 51 S: 21 T: 28S R: 3E
Tax Annual Amount
1699
HOA Fee
$400 Monthly
Legal Description
LAS BRISAS SUBDIVISION PHASE 1 (2527667) Lot: 51 S: 21 T: 28S R: 3E
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Flooring type
Vinyl, Carpet
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: Oct 19
Last Checked: Oct 23 at 2:06PM
MLS# 944748
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,850-square-foot quadplex is under construction on a 0.1-acre parcel and is scheduled for completion in 2026. The plan accommodates a mix of two- and three-bedroom residences across the four units, with two bathrooms, a laundry room, and stainless steel kitchen appliances in each residence. Interior features include walk-in closets, pantries, ceiling fans, central air, and electric central heating. Stucco and frame construction, vinyl and carpet flooring, and shingle roofing are specified.
The property is planned within a gated Santa Teresa community designed with two green-space parks, landscaped pedestrian paths, and solar lighting. A1 zoning is identified for the parcel, with the property located in Dona Ana County, New Mexico.
The property is planned within a gated Santa Teresa community designed with two green-space parks, landscaped pedestrian paths, and solar lighting. A1 zoning is identified for the parcel, with the property located in Dona Ana County, New Mexico.
Key Highlights
- 3,850‑square‑foot quadplex on a 0.1‑acre parcel
- Four‑unit layout with two- and three‑bedroom floor plan options
- Each unit includes two bathrooms, a laundry room, and stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,977
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,540
$519.5K
Cap Rate 7%
$371,100
$371.1K
Cap Rate 9%
$288,633
$288.6K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$39.3K $10.20/SF
− Vacancy
−$2.2K −$0.56/SF
EGI
$37.1K $9.64/SF
− OpEx
−$11.1K −$2.89/SF
NOI
$26.0K $6.75/SF
Area
Dona Ana County, NM
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,540
Cap Rate 7%
$371,100
Cap Rate 9%
$288,633
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.
How Realmo checks its estimates
Property Analytics
Lease Details
244
Residential units
Location Intelligence
Trade Area within ½ mile
156
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
Frequently Asked Questions
What type of property is this?
Quadplex - Under-construction multifamily asset with two- and three-bedroom unit options.
Where is this quadplex located?
The property is located at 106 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: 3,850‑square‑foot quadplex on a 0.1‑acre parcel; Four‑unit layout with two- and three‑bedroom floor plan options; Each unit includes two bathrooms, a laundry room, and stainless steel kitchen appliances
