Duplex with Fenced
4949 Calle Pico, Santa Fe, NM 87507
For Sale
$465,000
Pending
ResidentialIncome, Santa Fe, NM
Property Size2,066 SF
Lot Size0.50 Acres
Days on Market298
Property Features for 4949 Calle Pico
General Information
Property type
Property subtype
Zoning
Zoning description
Interior features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
Sotheby's Int. RE - Railyard
(505) 982-9836
Listed By:
Andrea F. Lucero · License NM #40551
(505) 780-0311
Added: Jan 21
Changed: Nov 14
Last Checked: Nov 14 at 2:06AM
MLS# 202505462
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.
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Investment Insights
Based on property information with market context.
This duplex contains two residences totaling 2,066 square feet on a 0.50-acre lot. The 922-square-foot unit has two bedrooms and two bathrooms, a split-level interior, a laundry room, and a fenced backyard. The 1,144-square-foot unit includes four bedrooms, two bathrooms, and its own fenced yard. Both units are frame and stucco construction; the property was built in 1950 and uses forced-air, natural-gas heating.
The property is in Santa Fe, New Mexico, and is served by a well. Zoning is listed as R-1, 2, 3, 4, 5, 6.
The property is in Santa Fe, New Mexico, and is served by a well. Zoning is listed as R-1, 2, 3, 4, 5, 6.
Key Highlights
- Two units total 2,066 square feet on a 0.50‑acre lot
- Unit A: 922 square feet, 2 bedrooms, 2 baths, split‑level layout and laundry room
- Unit B: 1,144 square feet with 4 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,661
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,220
$613.2K
Cap Rate 7%
$438,014
$438.0K
Cap Rate 9%
$340,678
$340.7K
Market Conditions
NOI Build-Up for 2,066 SF
Gross rent
$45.9K $22.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$43.8K $21.20/SF
− OpEx
−$13.1K −$6.36/SF
NOI
$30.7K $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 Rate 5%
$613,220
Cap Rate 7%
$438,014
Cap Rate 9%
$340,678
Alternative Uses
Best Use
Multifamily LT 5
$438.0K
$383.3K – $511.0K
NOI $30,661 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$405.0K
$354.3K – $472.5K
NOI $28,347 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$561.0K
$490.9K – $654.5K
NOI $39,271 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
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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
$333,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Santa Fe, NM
Properties on Market for Duplexes in Santa Fe
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a combined 2,066 square feet of living area on a half-acre parcel.
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 $465,000.
What are key features of this property?
This property features: Two units total 2,066 square feet on a 0.50‑acre lot; Unit A: 922 square feet, 2 bedrooms, 2 baths, split‑level layout and laundry room; Unit B: 1,144 square feet with 4 bedrooms and 2 baths
