321 Tesuque Drive Santa Fe, NM 87505
MULTI_FAMILY - Other - Santa Fe, NM
Property Features for 321 Tesuque Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1, 2, 3, 4, 5, 6
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1
- Interior features
- InteriorSteps
- Fireplace
- 1
- Standard status
- Active
- APN
- 011383168
- Size
- 2,752 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- LOT 13, BLK 10, B F YOUNG'S INDIAN SCHOOL ADDITION, S26 T17N R9E
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating), Hot Water(Heating), Baseboard, Fireplace(s)
- Cooling system
- Ductless
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Number of units
- 4
- Architectural style
- Other
Listing agent Justin C. Jaroszewski License #49656 (830) 708-2283
Listing office Keller Williams Realty 130 Lincoln Ave, Ste. K, Santa Fe, NM (505) 983-5151
Listing date Jul 4, 2026
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.
The property sits on a 0.18-acre lot and has an overall building size of 2,752 square feet. Zoning is listed as R-1, 2, 3, 4, 5, 6.
For buyers or investors seeking a multifamily asset with near-term leasing opportunities, the availability of three vacant units may support an efficient path to occupancy. The seller also notes the property is HUD-compliant for an FHA multifamily loan, which may be relevant for qualifying financing. Easy access for tours is available, and a private showing can be arranged upon request.
Key Highlights
- Quadplex with 4 units; three units are currently vacant and ready to be leased
- HUD‑compliant for an FHA multifamily loan
- Easy to show three of the four 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 | $61.1k | $22.20 |
| − Vacancy | −$2.7k | −$1.00 |
| EGI | $58.3k | $21.20 |
| − OpEx | −$17.5k | −$6.36 |
| NOI | $40.8k | $14.84 |
