Triplex with Kiva
600 San Francisco, Santa Fe, NM 87501
For Sale
$750,000
ResidentialIncome, Santa Fe, NM
Property Size1,872 SF
Lot Size0.12 Acres
Price / SF$400.64
Days on Market59
Property Features for 600 San Francisco
General Information
Property type
Property subtype
Zoning
Zoning description
Interior features
Fireplace
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Buildings
Listing Agency:
Four Star Property Management
(505) 982-9508
Listed By:
Amy Dabbs · License #46392
(505) 231-6602
Added: Sep 9
Changed: Oct 29
Last Checked: Nov 6 at 8:06PM
MLS# 202603956
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 1,872-square-foot triplex occupies a 0.12-acre site in Santa Fe. Built in 1940, the property includes a freestanding primary residence and a second structure containing two additional units. The main residence features a Kiva fireplace, wood flooring in the dining and living areas, and a washer/dryer. One secondary unit includes a full bath, LVP flooring, and washer/dryer, while the other has a full bath and LVP flooring.
Parking is positioned between the two buildings, with one space allocated to each unit. The property is zoned Historic and served by public water and public sewer. Natural gas heating, fireplace(s), interior steps, and a flat roof are also included among the property features.
Parking is positioned between the two buildings, with one space allocated to each unit. The property is zoned Historic and served by public water and public sewer. Natural gas heating, fireplace(s), interior steps, and a flat roof are also included among the property features.
Key Highlights
- Three‑unit configuration across a freestanding main residence and a second two‑unit building
- 1,872 square feet on a 0.12‑acre lot
- Historic zoning in Santa Fe, NM 87501
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,782
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,640
$555.6K
Cap Rate 7%
$396,886
$396.9K
Cap Rate 9%
$308,689
$308.7K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$41.6K $22.20/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$39.7K $21.20/SF
− OpEx
−$11.9K −$6.36/SF
NOI
$27.8K $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%
$555,640
Cap Rate 7%
$396,886
Cap Rate 9%
$308,689
Alternative Uses
Best Use
Multifamily LT 5
$396.9K
$347.3K – $463.0K
NOI $27,782 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$366.9K
$321.1K – $428.1K
NOI $25,685 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$508.3K
$444.8K – $593.1K
NOI $35,583 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,708
Businesses Nearby
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Business Placement
Demographics for 87501, NM
15,116
Population
10,480
Households
1.4
Avg Household Size
58
Median Age
61%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
299
Density / Sq Mi
$81,229
Median Household Income
$52,851
Median Earnings
$1,516
Median Rent
$649,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Santa Fe, NM
Properties on Market for Triplexes in Santa Fe
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Historic-zoned three-unit property with separate buildings, individual parking, and a mix of wood and LVP flooring.
Where is this triplex located?
The property is located at 600 San Francisco Santa Fe, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit configuration across a freestanding main residence and a second two‑unit building; 1,872 square feet on a 0.12‑acre lot; Historic zoning in Santa Fe, NM 87501
