Santa Fe Duplex with Rental
For Sale
$798,000
1417 Agua Fria Street, Santa Fe, NM 87505
MULTI_FAMILY - Other - Santa Fe, NM
Property Size1,742 SF
Lot Size0.30 Acres
Price / SF$458.09
Days on Market119
Property Features for 1417 Agua Fria Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1, 2, 3, 4, 5, 6
Zoning description
residential
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4
Parking features
Carport
Security features
Security
Interior features
NoInteriorSteps
Fireplace
1
Appliances
Dryer, Dishwasher, Disposal, GasWaterHeater, Microwave, Oven, Range, Refrigerator, Washer, TanklessWaterHeater
Elementary school
Aspen Community Magnet School K-8
Middle school
Aspen Community Magnet School K-8
High school
Santa Fe
Directions
From Saint Frances Drive, south on Agua Fria Street, just past Alire Street and Agua Fria Nursery on the right.
Standard status
Active
APN
010793600
Size
1,742 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR E, .3047 AC, S27 T17N R9E
Tax Annual Amount
2441
Legal Description
TR E, .3047 AC, S27 T17N R9E
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air, Natural Gas, Fireplace(s)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Building materials
Block, Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Living Santa Fe LLC
(505) 660-1108
Listed By:
Anna Vanderlaan · License #42918
(505) 231-3410
Added: Apr 3
Changed: Jul 30
Last Checked: Jul 30 at 9:06PM
MLS# 202601364
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 property is set up as a duplex but can easily be converted into a single-family home. It has been used for extended stay rentals (30 days +) and long-term tenants, and it is suitable for short-term rentals. One unit is a one-bedroom, 850-square-foot space with front and back portals, original oak floors, a cook's kitchen with full-size appliances, and a bathroom with a shower and soaking tub. The bedroom measures 12x12 and includes two closets. The other unit is also 850 square feet and features two bedrooms, a 3/4 bath with double sinks, a kitchen with a movable island and storage, a portal, and a fenced backyard. The property has the potential for adding another unit. It includes a 6'x20 basement, an accessible crawl space suitable for utilities, and an attic with 16" of insulation. Remodeling included replumbing, rewiring, insulation, restuccoing, and new kitchens, baths, doors, and windows. There is also a shed. An entry gate could provide complete privacy. An EV charger is located at the carport. The lot size is 0.3 acres.
Key Highlights
- Duplex setup with door between units, easily convertible to a single‑family home
- Two units, each about 850 SF: front 1 bed/1 bath; back unit has 2 beds and 3/4 bath with double sinks
- Recent remodel includes replumbing, rewiring, insulation, re‑stucco, and new kitchens, baths, doors, and windows
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 | $38.7k | $22.20 |
| − Vacancy | −$1.7k | −$1.00 |
| EGI | $36.9k | $21.20 |
| − OpEx | −$11.1k | −$6.36 |
| NOI | $25.9k | $14.84 |
1,742 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$369.3K
$323.2K – $430.9K
NOI $25,852 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$341.4K
$298.8K – $398.4K
NOI $23,901 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$473.0K
$413.9K – $551.9K
NOI $33,112 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 87505, NM
32,078
Population
18,733
Households
1.7
Avg Household Size
52
Median Age
54%
College-Educated
94%
High-School Grad
65.1 sq mi
ZIP Area
493
Density / Sq Mi
$75,912
Median Household Income
$41,169
Median Earnings
$1,348
Median Rent
$484,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex adaptable for single-family, long-term, or short-term rental.
Where is this duplex located?
The property is located at 1417 Agua Fria Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Duplex setup with door between units, easily convertible to a single‑family home; Two units, each about 850 SF: front 1 bed/1 bath; back unit has 2 beds and 3/4 bath with double sinks; Recent remodel includes replumbing, rewiring, insulation, re‑stucco, and new kitchens, baths, doors, and windows
