Updated Triplex with Three
For Sale
$1,250,000
3327 Caminito Quintana, Santa Fe, NM 87507
MULTI_FAMILY - Santa Fe, NM
Property Size3,712 SF
Lot Size0.17 Acres
Price / SF$336.75
Days on Market146
Property Features for 3327 Caminito Quintana
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
R-1
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 7, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1
Window features
Skylight(s)
Interior features
Skylights
Exterior features
Lighting
Appliances
Refrigerator
Directions
From St MichaelsHead toward US-84 E/US Hwy 285 SMerge onto US-84 E/US Hwy 285 STurn right onto W Zia RdContinue straight onto NM-300 W/Rodeo RdContinue onto NM-284 W/Airport RdTurn right onto Caminito Quintana
Subdivision
300 - City of Santa Fe
Standard status
Active
APN
054198144
Size
3,712 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2474
Utilities
Heating system
Ductless (Heating)
Building Details
Year built
1960
Floors in Building
1
Number of units
3
Flooring type
Carpet
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Garcia Group
(505) 610-8516
Added: Mar 20
Changed: Aug 6
Last Checked: Aug 12 at 2:06AM
MLS# 1107636
Copyright © 2026 Southwest MLS. 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 updated triplex offers three distinct residences within one property, supporting owner-occupant use, guest stays, or rental flexibility. Interior features include skylights, and heating is provided by ductless systems. Appliances noted include a refrigerator.
The front residence includes updates such as new flooring, countertops, windows, doors, a water heater, a breaker panel, a ProPanel roof, and a washer/dryer. The casita has new flooring, cabinetry, windows, plumbing, and an upgraded breaker panel. The two-story main residence features new flooring, updated windows and doors, remodeled bathrooms, upgraded kitchen cabinetry, an electric fireplace, and a new breaker panel.
The property is listed as including both 3323 and 3327 Caminito Quintana in Santa Fe, NM. Built in 1960, the lot size is 0.17 acres and the property size is 3,712 square feet. Exterior lighting is also included.
The front residence includes updates such as new flooring, countertops, windows, doors, a water heater, a breaker panel, a ProPanel roof, and a washer/dryer. The casita has new flooring, cabinetry, windows, plumbing, and an upgraded breaker panel. The two-story main residence features new flooring, updated windows and doors, remodeled bathrooms, upgraded kitchen cabinetry, an electric fireplace, and a new breaker panel.
The property is listed as including both 3323 and 3327 Caminito Quintana in Santa Fe, NM. Built in 1960, the lot size is 0.17 acres and the property size is 3,712 square feet. Exterior lighting is also included.
Key Highlights
- Three distinct residences in an updated triplex
- Front residence updated with new water heater, breaker panel, and ProPanel roof
- Casita updated with new flooring, cabinetry, windows, plumbing, and upgraded breaker panel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,089
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,101,780
$1.1M
Cap Rate 7%
$786,986
$787.0K
Cap Rate 9%
$612,100
$612.1K
Market Conditions
NOI Build-Up for 3,712 SF
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.
Gross rent
$82.4K $22.20/SF
− Vacancy
−$3.7K −$1.00/SF
EGI
$78.7K $21.20/SF
− OpEx
−$23.6K −$6.36/SF
NOI
$55.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,101,780
Cap Rate 7%
$786,986
Cap Rate 9%
$612,100
Alternative Uses
Best Use
Multifamily LT 5
$787.0K
$688.6K – $918.2K
NOI $55,089 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$727.6K
$636.6K – $848.8K
NOI $50,930 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.01M
$882.0K – $1.18M
NOI $70,558 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 87507, NM
51,338
Population
21,272
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
96.1 sq mi
ZIP Area
534
Density / Sq Mi
$62,955
Median Household Income
$34,102
Median Earnings
$1,276
Median Rent
$333,300
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?
Triplex - Updated triplex on 0.17 acres with ductless heating and skylights, containing three separate residences.
Where is this triplex located?
The property is located at 3327 Caminito Quintana Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three distinct residences in an updated triplex; Front residence updated with new water heater, breaker panel, and ProPanel roof; Casita updated with new flooring, cabinetry, windows, plumbing, and upgraded breaker panel
