Santa Teresa Quadplex Investment
108 Alegro Lane Santa Teresa, NM 88008
For Sale
$774,900
Pending
MULTI_FAMILY - Other - Santa Teresa, NM
Property Size3,850 SF
Lot Size0.10 Acres
Days on Market60
Property Features for 108 Alegro Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Zoning
A1
Bedrooms
10
Bathrooms
8
Rooms
Bathroom 5, Bathroom 1, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 8, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 8, Bathroom 4, Bathroom 7, Bathroom 6, Bedroom 9, Bedroom 1, Bedroom 10
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
Standard status
Pending
APN
4015166491435
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: 46 S: 21 T: 28S R: 3E
Tax Annual Amount
1699
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 29
Changed: Jul 23
Last Checked: Jul 27 at 5:06PM
MLS# 944845
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.
An investment opportunity is available in southern Dona Ana County. Las Brisas in Santa Teresa will be a gated community of 61 quadruplexes. The designs include contemporary, traditional, and southwestern styles, designed to blend with the Santa Teresa landscape. The community will include two green space parks, solar lighting, and landscaped pathways. In designing a quadruplex, there is a choice between 2 and 3-bedroom floor plans that can be mixed-and-matched across the 4 units. Each unit includes two bathrooms, stainless steel kitchen appliances, and a laundry room. The property is zoned A1 and has a lot size of 0.1 acres. The property size is 3850 square feet.
Key Highlights
- New construction (under construction), Year built: 2026
- Gated community planned for 61 quadruplexes in Santa Teresa (southern Dona Ana County)
- Quadruplex designs offer 2- and 3‑bedroom floor plans mix‑and‑matched across the 4 units
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 3.35%
Second Best
Apartment 5plus
$333.8K
$292.1K – $389.4K
NOI $23,366 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$673.7K
$589.5K – $786.0K
NOI $47,161 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Gated community of 61 quadruplexes in Santa Teresa, NM.
Where is this quadplex located?
The property is located at 108 Alegro Lane Santa Teresa, NM.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: New construction (under construction), Year built: 2026; Gated community planned for 61 quadruplexes in Santa Teresa (southern Dona Ana County); Quadruplex designs offer 2- and 3‑bedroom floor plans mix‑and‑matched across the 4 units
