Triplex and Duplex Income
138 E Santa Fe Avenue Santa Fe, NM 87505
138 E Santa Fe Avenue, Santa Fe, NM, 87505
$799,000
For Sale
$799,000
MULTI_FAMILY - Other - Santa Fe, NM
Property Size2,260 SF
Price / SF$353.54
Days on Market49
Property Features for 138 E Santa Fe Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Parking features
- Tandem
- Interior features
- NoInteriorSteps
- Appliances
- Dryer, Oven, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 910016110
- Size
- 2,260 SF
Taxes and HOA fees
- Tax Description
- See exhibit A and B. Title to verify.
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Ductless
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 3
- 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 7:06PM
MLS# 202602397
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 offering includes two residential parcels that must be sold as a package, with the two parcels able to close separately. The property consists of 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 configuration includes one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit.
The parcels are identified as 910016109 and 910016110, with addresses at 136 E and 138 E Santa Fe Avenue, Santa Fe, NM 87505. The buildings share laundry and shared storage spaces, and the grounds include a courtyard with mature trees.
The owner currently has two residential mortgages covering the two properties, rather than one commercial mortgage, due to the parcels being treated as residential. Please inquire for additional details.
The parcels are identified as 910016109 and 910016110, with addresses at 136 E and 138 E Santa Fe Avenue, Santa Fe, NM 87505. The buildings share laundry and shared storage spaces, and the grounds include a courtyard with mature trees.
The owner currently has two residential mortgages covering the two properties, rather than one commercial mortgage, due to the parcels being treated as residential. Please inquire for additional details.
Key Highlights
- Package includes two parcels that can be closed separately: 136 E Santa Fe Ave (parcel 910016109) and 138 E Santa Fe Ave (parcel 910016110)
- Multi‑family mix totals 5 units: one triplex and one duplex
- Triplex unit mix: one 2BR/1BA and two 1BR/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 | $50.2k | $22.20 |
| − Vacancy | −$2.3k | −$1.00 |
| EGI | $47.9k | $21.20 |
| − OpEx | −$14.4k | −$6.36 |
| NOI | $33.5k | $14.84 |
2,260 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.1K
$419.3K – $559.0K
NOI $33,540 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$443.0K
$387.6K – $516.8K
NOI $31,008 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$613.7K
$537.0K – $716.0K
NOI $42,958 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two separate residential parcels totaling five units, including a triplex and duplex with shared laundry and courtyard.
Where is this triplex located?
The property is located at 138 E Santa Fe Avenue Santa Fe, NM.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Package includes two parcels that can be closed separately: 136 E Santa Fe Ave (parcel 910016109) and 138 E Santa Fe Ave (parcel 910016110); Multi‑family mix totals 5 units: one triplex and one duplex; Triplex unit mix: one 2BR/1BA and two 1BR/1BA units
