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    Duplex with Two Fenced Yards Title is generated by Realmo AI

    4949 Calle Pico, Santa Fe, NM 87507

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    Claim this Listing
    For Sale
    $499,000

    MULTI_FAMILY - Other - Santa Fe, NM

    Property size:
    2,066 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $241/SF
    Added:
    Jan 21, 2026
    Days on Market:
    153
    Last Refresh:
    Jun 23 at 3:06 pm

    Property Features for 4949 Calle Pico

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1, 2, 3, 4, 5, 6
    Interior features
    InteriorSteps
    Standard status
    Active
    APN
    053997300
    Size
    2,066 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TRACT 4, 0.50 AC, S6 T16N R9E
    Tax Annual Amount
    1513

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Well

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    2
    Building materials
    Frame, Stucco
    Architectural style
    Other

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    Listing Contact
    Andrea F. Lucero
    Andrea F. Lucero

    Listing agent Andrea F. Lucero License #40551

    Listing office Barker Realty, LLC 530 S Guadalupe St., Santa Fe, NM

    Listing date Jan 21, 2026

    MLS# 202505462 Listing URL

    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.

    HighLights

    • Duplex on a 0.50‑acre lot at 4949 Calle Pico (Unit A: 922 SF; Unit B: 1,144 SF)
    • Unit A has 2 bedrooms and 2 baths with split‑level layout and dedicated laundry room
    • Unit B has 4 bedrooms and 2 baths for larger households or flexible rental setup
    • Each unit includes private outdoor space with fenced backyard areas
    • Heating: natural gas forced‑air; interior includes interior steps
    • Water from well and sewer to public sewer; frame and stucco construction; year built 1950

    Overview

    This duplex at 4949 Calle Pico offers two separate residential units on a 0.50-acre lot. Unit A is 922 square feet with 2 bedrooms and 2 baths, using a split-level layout where three steps down lead to the kitchen, second bedroom, second bath, and a dedicated laundry room. Unit A also includes a fenced backyard.

    Unit B is 1,144 square feet with 4 bedrooms and 2 baths, and it features a large fenced backyard for outdoor use. The property is listed under zoning R-1, 2, 3, 4, 5, 6.

    The configuration supports a variety of occupancy plans, including living in one unit while using the other for rental income, or accommodating multi-generational households. With private indoor layouts and fenced outdoor space for both units, the home can work well for tenants who value privacy, as well as buyers seeking a two-residence setup on a spacious lot.

    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 $45.9k $22.20
    − Vacancy −$2.1k −$1.00
    EGI $43.8k $21.20
    − OpEx −$13.1k −$6.36
    NOI $30.7k $14.84
    2,066 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $438.0K
    $383.3K – $511.0K (±1% cap)
    NOI $30,661 @ 7.0% cap · market cap 6.14%
    Second Best
    Apartment 5plus
    $405.0K
    $354.3K – $472.5K (±1% cap)
    NOI $28,347 @ 7.0% cap · market cap 5.68%
    Theoretical Best
    Office A
    $561.0K
    $490.9K – $654.5K (±1% cap)
    NOI $39,271 @ 7.0% cap · market cap 7.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.0357737
    Latitude
    35.6448396

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex on a half-acre lot, each with bedrooms, baths, and private fenced outdoor space.
    Where is this duplex located?
    The property is located at 4949 Calle Pico Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Duplex on a 0.50‑acre lot at 4949 Calle Pico (Unit A: 922 SF; Unit B: 1,144 SF); Unit A has 2 bedrooms and 2 baths with split‑level layout and dedicated laundry room; Unit B has 4 bedrooms and 2 baths for larger households or flexible rental setup
    More about this property
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