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Historic Adobe Multifamily Compound
For Sale
$4,500,000

2175 Old Arroyo Chamiso and 550 Valle Chamiso Lane, Santa Fe, NM 87505

ResidentialIncome, Santa Fe, NM

Property Size6,215 SF
Lot Size2.70 Acres
Price / SF$724.05
Days on Market389

Property Features for 2175 Old Arroyo Chamiso and 550 Valle Chamiso Lane

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-1, 2, 3, 4, 5, 6
Zoning description many options
Bedrooms 6
Full bathrooms 4
Rooms Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3
Interior features InteriorSteps
Fireplace 1
Appliances Dryer, Oven, Range, Refrigerator, Washer
Elementary school Chaparral
Middle school Milagro
High school Santa Fe
Directions Call Listing Broker for directions for drive by. Please do not enter driveways -- property is fully occupied. Listing broker will arrange for viewings.
Standard status Active
APN 910018357
Size 6,215 SF
Lot size 2.70 Acres

Utilities

Sewer type Public Sewer
Heating system Space Heater, Baseboard, Natural Gas, Fireplace(s), Hot Water(Heating), Forced Air
Water source Well, Public, Private

Amenities

swimming pool
private garden
barn
fireplaces

Building Details

Year built 1917
Floors in Building 1
Number of units 6
Building materials Adobe, Block, Frame
Roof type Membrane
Architectural style Other
Listing Agency: Noble Real Estate
Listed By: Elise R. Noble · License #11567
Added: Aug 9, 2025 Changed: Aug 24 Last Checked: Sep 1 at 6:06AM
MLS# 202503657

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 1917 Santa Fe multifamily compound contains six units in four buildings, with 8 bedrooms, 8 baths, and 6,215 square feet of heated space. The improvements include a more than century-old adobe residence and five casitas, along with kitchens and baths that have been extensively remodeled. Oak and brick flooring, Pella windows, a TPO roof, fireplaces, and a 12' x 28' barn with a garage door add to the physical profile. Each unit has its own private outdoor garden area, while the property also includes a central green space and small swimming pool.

The property is located at 2175 Old Arroyo Chamiso and 550 Valle Chamiso Lane in Santa Fe, less than 3 miles from the Santa Fe Plaza. Zoning is designated R-1, 2, 3, 4, 5, 6. Public sewer service and well, public, and private water sources are identified. Reserved development rights on 2/3 acre and an adjoining vacant lot are also noted in the property information.

Key Highlights

  • Six units distributed among four buildings with 6,215 square feet of heated space
  • 8 bedrooms, 8 baths, and 9 fireplaces
  • 1917 adobe residence accompanied by five casitas

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Auto Repair Shop Restaurant Auto Parts Store HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

725
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Six units across four buildings feature private garden areas, extensive remodeling, and a central landscaped setting with a small pool.
Where is this multifamily property located?
The property is located at 2175 Old Arroyo Chamiso and 550 Valle Chamiso Lane Santa Fe, NM.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Six units distributed among four buildings with 6,215 square feet of heated space; 8 bedrooms, 8 baths, and 9 fireplaces; 1917 adobe residence accompanied by five casitas
More about this property
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