4301 Calle Andrew Santa Fe, NM 87507
MULTI_FAMILY - Other - Santa Fe, NM
Property Features for 4301 Calle Andrew
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-7
- Bedrooms
- 8
- Rooms
- Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 4
- Interior features
- NoInteriorSteps
- Standard status
- Active
- APN
- 940002115
- Size
- 4,032 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2300
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1994
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Frame
- Roof type
- Flat
- Architectural style
- Other
Listing agent Phillip Varela License #18075 (505) 982-2525
Listing office Varela Real Estate, Inc. 1526 Cerrillos Road, Santa Fe, NM (505) 982-2525
Listing date Jul 9, 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.
Located in Santa Fe, the property is described as being in a stable rental corridor with convenient access to shopping, employment centers, schools, and major roadways. The listing also states that multi-family inventory in the area is limited and that fourplexes like this rarely come to market.
For buyers looking for a turn-key rental asset, the practical appeal here is the combination of a consistent unit mix (four 2-bedroom, 2-bath homes) and an all-occupied status at the time of sale. The property may fit an owner-operator or investor seeking a straightforward four-unit configuration with established tenancy, supported by the listing’s statement that the building is well-maintained and currently generating income. Zoning is listed as R-7.
Key Highlights
- Fourplex with 4 fully leased 2‑bedroom, 2‑bath units
- Each unit includes a gas fireplace and a small yard
- Off‑street parking available for residents
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 | $89.5k | $22.20 |
| − Vacancy | −$4.0k | −$1.00 |
| EGI | $85.5k | $21.20 |
| − OpEx | −$25.6k | −$6.36 |
| NOI | $59.8k | $14.84 |
