Santa Teresa Quadruplex Investment
111 Starling Lane Santa Teresa, NM 88008
111 Starling Lane, Santa Teresa, NM, 88008
$769,900
For Sale
$769,900
MULTI_FAMILY - Other - Santa Teresa, NM
Property Size3,850 SF
Lot Size0.10 Acres
Price / SF$199.97
Days on Market48
Property Features for 111 Starling Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- A1
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bedroom 6, Bathroom 8, Bedroom 8, Bathroom 7, Bedroom 2, Bathroom 5, Bathroom 6, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 10, Bathroom 4, Bedroom 9, Bedroom 1, Bedroom 7, Bedroom 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
- Standard status
- Active
- APN
- 4015166500444
- 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: 48 S: 21 T: 28S R: 3E
- Tax Annual Amount
- 1699
Utilities
- Heating system
- Central, Electric (Heating)
- 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
522 W San Francisco Ave B07-B09, El Paso, NM
Listed by
Adrienne Dominguez
(915) 412-7396
Added: May 30 Checked: Jul 16 at 7:06 pm
MLS# 944916
Listing URL
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, intended 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
- Gated community planned for 61 quadruplexes in Santa Teresa (southern Dona Ana County).
- Quadruplex designs include 2- and 3‑bedroom floor plans that can be mixed and matched across the 4 units.
- Each unit includes two bathrooms, a laundry room, and stainless steel kitchen appliances.
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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 111 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: Gated community planned for 61 quadruplexes in Santa Teresa (southern Dona Ana County).; Quadruplex designs include 2- and 3‑bedroom floor plans that can be mixed and matched across the 4 units.; Each unit includes two bathrooms, a laundry room, and stainless steel kitchen appliances.
