Courtyard Multi-Family
136 & 138 E Santa Fe Avenue Santa Fe, NM 87505
136 & 138 E Santa Fe Avenue, Santa Fe, NM, 87505
$1,350,000
For Sale
$1,350,000
MULTI_FAMILY - Other - Santa Fe, NM
Property Size3,506 SF
Price / SF$385.05
Days on Market49
Property Features for 136 & 138 E Santa Fe Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Tandem
- Interior features
- InteriorSteps
- Appliances
- Dryer, GasCooktop, Oven, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 910016109, 910016110
- Size
- 3,506 SF
Taxes and HOA fees
- Tax Description
- See exhibit A and B. Title to verify.
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Flat
- Architectural style
- Other
Listing agency
Corcoran Plaza Properties
(505) 982-4466
Listed by
Ayden L. Gramm · License #53193
(310) 467-7017
Added: Jun 3 Updated: Jul 20 at 12:06AM Checked: Jul 21 at 9:06PM
MLS# 202602237
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.
This for-sale multi-family package consists of two parcels sold together, with the option to close separately under parcel numbers 910016109 and 910016110 (MLS numbers 202602398, 202602397, and 202602237). The addresses are 136 E and 138 E Santa Fe Avenue, comprising one triplex and one duplex for a total of five units.
The triplex includes one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. The duplex (referenced in the remarks via the other listing) includes one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit. The two buildings share laundry and shared storage spaces, and the property features a courtyard with mature trees.
The owner currently has two residential mortgages tied to the two properties, reflecting that the parcels are residential rather than commercial.
The triplex includes one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. The duplex (referenced in the remarks via the other listing) includes one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit. The two buildings share laundry and shared storage spaces, and the property features a courtyard with mature trees.
The owner currently has two residential mortgages tied to the two properties, reflecting that the parcels are residential rather than commercial.
Key Highlights
- Package sale includes two parcels: 910016109 and 910016110, with addresses 136 E and 138 E Santa Fe Ave
- Property mix includes one triplex and one duplex, for 5 total units
- Triplex unit mix: one 2BD/1BA and two 1BD/1BA units
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 | $77.8k | $22.20 |
| − Vacancy | −$3.5k | −$1.00 |
| EGI | $74.3k | $21.20 |
| − OpEx | −$22.3k | −$6.36 |
| NOI | $52.0k | $14.84 |
3,506 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$743.3K
$650.4K – $867.2K
NOI $52,031 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$687.2K
$601.3K – $801.7K
NOI $48,104 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$952.0K
$833.0K – $1.11M
NOI $66,642 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Triplex and duplex with five total units, shared laundry and storage, plus a courtyard with mature trees.
Where is this duplex located?
The property is located at 136 & 138 E Santa Fe Avenue Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Package sale includes two parcels: 910016109 and 910016110, with addresses 136 E and 138 E Santa Fe Ave; Property mix includes one triplex and one duplex, for 5 total units; Triplex unit mix: one 2BD/1BA and two 1BD/1BA units
