124 Turquoise Trail Santa Fe, NM 87508
MULTI_FAMILY - Other - Santa Fe, NM
Property Features for 124 Turquoise Trail
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1, 2, 3, 4, 5, 6
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Parking features
- Carport
- Interior features
- NoInteriorSteps
- Standard status
- Active
- APN
- 960002442
- Size
- 2,125 SF
- Lot size
- 5.05 Acres
Taxes and HOA fees
- Tax Description
- T15N R 8E S23 & S24 5.057 AC LOT 2
Utilities
- Sewer type
- Septic Tank
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless
- Water source
- Well, Private
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Metal
- Architectural style
- Other
Listing agent Tommy F. Trujillo License #50943 (505) 469-2879
Listing office Coldwell Banker Legacy 10300 Cottonwood Park NW, Albuquerque, NM (505) 898-2700
Listing date Apr 14, 2026
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. 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.
Set on 5.05 acres, the property provides room outdoors and a more private, rural feel. The home is located off Hwy 14, offering easy access to nearby amenities in the Santa Fe area. The zoning is listed as R-1, 2, 3, 4, 5, 6, which may be relevant for buyers evaluating permitted residential uses.
As a triplex, the property can fit a range of buyer scenarios, including multi-generational living, occupying one unit while renting the others, or operating it as a residential income asset. With dedicated climate control for each unit and a straightforward three-apartment layout, it’s a practical option for tenants and owners seeking separate living spaces on a sizable lot.
Key Highlights
- Triplex built in 2000 with three separate apartments on 5 acres off Hwy 14
- Unit mix: one 2‑bedroom/1‑bath apartment and two 1‑bedroom/1‑bath apartments
- Mini‑split (ductless) heating and cooling in every unit
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 | $47.2k | $22.20 |
| − Vacancy | −$2.1k | −$1.00 |
| EGI | $45.1k | $21.20 |
| − OpEx | −$13.5k | −$6.36 |
| NOI | $31.5k | $14.84 |
