3-Unit Triplex with
For Sale
$465,000
Pending
124 Turquoise Trail, Santa Fe, NM 87508
Three apartments comprise one two-bedroom unit and two one-bedroom units, each with mini-split heating and cooling.
Property Size2,125 SF
Lot Size5.00 Acres
Days on Market200
Property Features for 124 Turquoise Trail
General Information
Standard status
Pending
Size
2,125 SF
Lot size
5.00 Acres
Property subtype
Triplex
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Building Size
2,125 SF
Year Built
2000
Listing Agency:
Coldwell Banker Legacy
Listed By:
Tommy F. Trujillo · License #50943
(505) 469-2879
Source:
Nmrootsrealestate
Added: Apr 14
Changed: Oct 30
Last Checked: Oct 30 at 1:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Legacy
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.
Built in 2000, this 2,125-square-foot triplex contains three apartments: one with two bedrooms and one bathroom, plus two units with one bedroom and one bathroom each. All three apartments have open layouts, kitchens, and individual mini-split heating and cooling systems. A carport provides covered parking.
The property occupies 5 acres off Hwy 14 in Santa Fe, New Mexico. The location and unit mix are defining features of this residential income property.
The property occupies 5 acres off Hwy 14 in Santa Fe, New Mexico. The location and unit mix are defining features of this residential income property.
Key Highlights
- Three apartments on 5 acres
- 2,125 square feet; built in 2000
- Unit mix: one 2‑bedroom, 1‑bath apartment and two 1‑bedroom, 1‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,536
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,720
$630.7K
Cap Rate 7%
$450,514
$450.5K
Cap Rate 9%
$350,400
$350.4K
Market Conditions
NOI Build-Up for 2,125 SF
Gross rent
$47.2K $22.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$45.1K $21.20/SF
− OpEx
−$13.5K −$6.36/SF
NOI
$31.5K $14.84/SF
Area
Santa Fe County, NM
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,720
Cap Rate 7%
$450,514
Cap Rate 9%
$350,400
Alternative Uses
Best Use
Multifamily LT 5
$450.5K
$394.2K – $525.6K
NOI $31,536 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$416.5K
$364.5K – $485.9K
NOI $29,156 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$577.0K
$504.9K – $673.2K
NOI $40,392 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 87508, NM
19,156
Population
7,782
Households
2.5
Avg Household Size
54
Median Age
50%
College-Educated
90%
High-School Grad
169.2 sq mi
ZIP Area
113
Density / Sq Mi
$96,767
Median Household Income
$43,595
Median Earnings
$1,502
Median Rent
$529,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments comprise one two-bedroom unit and two one-bedroom units, each with mini-split heating and cooling.
Where is this triplex located?
The property is located at 124 Turquoise Trail Santa Fe, NM.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Three apartments on 5 acres; 2,125 square feet; built in 2000; Unit mix: one 2‑bedroom, 1‑bath apartment and two 1‑bedroom, 1‑bath apartments
