Adobe-Construction
1700 Agua Fria, Santa Fe, NM 87505
For Sale
New
$612,000
ResidentialIncome, Santa Fe, NM
Property Size2,330 SF
Lot Size0.25 Acres
Price / SF$262.66
Days on Market4
Property Features for 1700 Agua Fria
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Full bathrooms
Rooms
Interior features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Water source
Amenities
fully fenced
Building Details
Year built
Floors in Building
Number of units
Architectural style
Listing Agency:
Sotheby's Int. RE - Railyard
(505) 982-9836
Listed By:
Grant Alexander · License NM #49808
(505) 455-8880
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 6:06AM
MLS# 202604766
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.
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.
This three-unit property includes an adobe main house built in 1955, with plaster detailing. The main residence has two bedrooms, alongside a separate one-bedroom unit and a third unit at the rear. The property is fully fenced and includes an open outdoor area and storage. No interior steps are reported, and the zoning is R5.
The 0.25-acre parcel is served by public water and public sewer. All three units are tenant-occupied, and the reported cap rate is above 6%.
The 0.25-acre parcel is served by public water and public sewer. All three units are tenant-occupied, and the reported cap rate is above 6%.
Key Highlights
- Three units: a two‑bedroom main house, a separate one‑bedroom unit, and a rear unit
- Adobe main house built in 1955 with plaster detailing
- Fully fenced 0.25‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,579
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,580
$691.6K
Cap Rate 7%
$493,986
$494.0K
Cap Rate 9%
$384,211
$384.2K
Market Conditions
NOI Build-Up for 2,330 SF
Gross rent
$51.7K $22.20/SF
− Vacancy
−$2.3K −$1.00/SF
EGI
$49.4K $21.20/SF
− OpEx
−$14.8K −$6.36/SF
NOI
$34.6K $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%
$691,580
Cap Rate 7%
$493,986
Cap Rate 9%
$384,211
Alternative Uses
Best Use
Multifamily LT 5
$494.0K
$432.2K – $576.3K
NOI $34,579 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$456.7K
$399.6K – $532.8K
NOI $31,969 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$632.7K
$553.6K – $738.2K
NOI $44,289 @ 7.0% cap · market cap 7.24%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
504
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
$484,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Santa Fe, NM
Properties on Market for Triplexes in Santa Fe
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three rental units occupy a fenced parcel with an outdoor area and storage.
Where is this triplex located?
The property is located at 1700 Agua Fria Santa Fe, NM.
What is the asking price?
The asking price for this property is $612,000.
What are key features of this property?
This property features: Three units: a two‑bedroom main house, a separate one‑bedroom unit, and a rear unit; Adobe main house built in 1955 with plaster detailing; Fully fenced 0.25‑acre property
