Under-Construction
For Sale
$769,900
111 Starling Lane, Santa Teresa, NM 88008
Residential, Santa Teresa, NM
Property Size3,850 SF
Lot Size0.10 Acres
Price / SF$199.97
Days on Market139
Property Features for 111 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 7, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 6, Bedroom 6, Bedroom 8, Bedroom 10, Bedroom 9, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 7, Bathroom 5, 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
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
HOA Fee
$400 Monthly
Legal Description
LAS BRISAS SUBDIVISION PHASE 1 (2527667) Lot: 48 S: 21 T: 28S R: 3E
Utilities
Heating system
Central, Electric (Heating)
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
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 30
Changed: Oct 2
Last Checked: Oct 15 at 7:06PM
MLS# 944916
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This under-construction quadplex is planned as part of a 61-quadruplex gated community in Santa Teresa. The property measures 3850 square feet on a 0.1-acre lot and is zoned A1, with an anticipated 2026 completion year. Stucco and frame construction, shingle roofing, central heating, and central air conditioning are specified.
The four residences can be configured with either 2- or 3-bedroom floor plans, allowing the mix to vary across the building. Each unit is designed with two bathrooms, a laundry room, stainless steel kitchen appliances, a pantry, walk-in closet space, and a combination of vinyl and carpet flooring. The broader community is planned to include two green space parks, solar lighting, and landscaped pathways.
The four residences can be configured with either 2- or 3-bedroom floor plans, allowing the mix to vary across the building. Each unit is designed with two bathrooms, a laundry room, stainless steel kitchen appliances, a pantry, walk-in closet space, and a combination of vinyl and carpet flooring. The broader community is planned to include two green space parks, solar lighting, and landscaped pathways.
Key Highlights
- Quadplex measuring 3850 square feet on a 0.1‑acre lot
- Part of a planned 61‑quadruplex gated community
- 2- and 3‑bedroom floor plans may be mixed across the 4 units
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
Current Use
Location Intelligence
Trade Area within ½ mile
107
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 - Four-unit residential property with flexible bedroom layouts, private laundry rooms, and stainless steel kitchen appliances.
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: Quadplex measuring 3850 square feet on a 0.1‑acre lot; Part of a planned 61‑quadruplex gated community; 2- and 3‑bedroom floor plans may be mixed across the 4 units
