Multibuilding Multifamily
For Sale
$2,749,000
18 Destierro Trail, Santa Fe, NM 87506
ResidentialIncome, Santa Fe, NM
Property Size8,894 SF
Lot Size3.84 Acres
Price / SF$309.08
Days on Market99
Property Features for 18 Destierro Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Non-Conforming,R-1, 2, 3,
Zoning description
residential religious
Bedrooms
12
Full bathrooms
5
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 5, Bedroom 12, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 10, Bedroom 9, Bedroom 11, Bathroom 4
Interior features
NoInteriorSteps
Appliances
Dryer, Dishwasher, Oven, Range, Refrigerator, Washer
Elementary school
Pojoaque
Middle school
Pojoaque Jr High
High school
Pojoaque High School
Directions
From Santa Fe, head North on Us-84/US-285 towards Pojoaque. Make a left at Camino Las Joyas/CR 109N. At the first Y ( small sign says Destierro) go right and wind up to the left...you will see a large and long stone wall at the top of the hill...go left when you reach the first gate and drive along the wall until you reach the gate for 18!
Standard status
Active
APN
990001984
Size
8,894 SF
Lot size
3.84 Acres
Taxes and HOA fees
Tax Description
T19N R9E S6, LOT 1, 3.84 AC~
Legal Description
T19N R9E S6, LOT 1, 3.84 AC~
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Electric (Heating), Radiant, Radiant Floor, Hot Water(Heating)
Water source
Well, Private
Building Details
Year built
1995
Floors in Building
1
Number of units
8
Building materials
Adobe, Frame, Stucco
Roof type
Flat, Shingle, Metal
Architectural style
Other
Listing Agency:
Keller Williams Realty
(505) 983-5151
Listed By:
Leslie Gallatin-Giorgetti · License #47708
(505) 670-7578
Added: Jul 1
Changed: Oct 2
Last Checked: Oct 7 at 12:06PM
MLS# 202602939
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.
Three distinct buildings comprise this multifamily property: a six-bedroom hacienda, a separate three-bedroom, one-bath residence, and a circular adobe sanctuary. The sanctuary measures 4,772 square feet and includes a gathering hall, kitchen, dining area, teaching and gathering rooms, treatment or office spaces, and multiple baths. The hacienda has shared baths and communal living, dining, and kitchen areas. Total property size is 8,894 square feet.
Located about 20 minutes north of downtown Santa Fe, the grounds include mature cottonwoods, fruit trees, fountains, flagstone paths, and gardens. The buildings date to 1995 and use adobe, frame, and stucco construction. Water is supplied by a private well, and the property has a septic system.
Located about 20 minutes north of downtown Santa Fe, the grounds include mature cottonwoods, fruit trees, fountains, flagstone paths, and gardens. The buildings date to 1995 and use adobe, frame, and stucco construction. Water is supplied by a private well, and the property has a septic system.
Key Highlights
- Three‑building property with 8,894 square feet total
- Six‑bedroom hacienda with shared baths and communal living, dining, and kitchen areas
- Separate residence with 3 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,030
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,440,600
$2.4M
Cap Rate 7%
$1,743,286
$1.7M
Cap Rate 9%
$1,355,889
$1.4M
Market Conditions
NOI Build-Up for 8,894 SF
Gross rent
$231.6K $26.04/SF
− Vacancy
−$9.7K −$1.09/SF
EGI
$221.9K $24.95/SF
− OpEx
−$99.8K −$11.23/SF
NOI
$122.0K $13.72/SF
Area
Santa Fe County, NM
Vacancy
4.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,440,600
Cap Rate 7%
$1,743,286
Cap Rate 9%
$1,355,889
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.53M – $2.03M
NOI $122,030 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,057 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 87506, NM
15,253
Population
8,475
Households
1.8
Avg Household Size
54
Median Age
47%
College-Educated
95%
High-School Grad
309.0 sq mi
ZIP Area
49
Density / Sq Mi
$90,504
Median Household Income
$46,109
Median Earnings
$1,142
Median Rent
$523,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The property combines a six-bedroom hacienda, a separate residence, and a circular adobe sanctuary with gathering and support spaces.
Where is this multifamily property located?
The property is located at 18 Destierro Trail Santa Fe, NM.
What is the asking price?
The asking price for this property is $2,749,000.
What are key features of this property?
This property features: Three‑building property with 8,894 square feet total; Six‑bedroom hacienda with shared baths and communal living, dining, and kitchen areas; Separate residence with 3 bedrooms and 1 bath
