Historical Tri-plex in Downtown
601 1/2 Paseo De Peralta A, Santa Fe, NM 87501
For Sale
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Downtown historical triplex with tax incentives for NM residents.
Property SizeContact for details
Days on Market758
Property Features for 601 1/2 Paseo De Peralta A
General Information
Standard status
Total Parking Spaces
Property subtype
Building Details
Year Built
Units
Listing Agency:
Western Equities, LLC
Listed By:
Mara Melton
Source:
Crexi
Added: Oct 10, 2024
Changed: Nov 1
Last Checked: Nov 6 at 8:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Western Equities, LLC
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Investment Insights
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This downtown historical tri-plex, known as the Sara Melton House, features three units: one studio and two one-bedroom apartments. The Sara Melton House is a late nineteenth-century adobe home with a history of Hispano ownership dating back to 1871. The property represents how related, familial, and multi-generational households lived together and enlarged their houses as needed. It also demonstrates the regional Hispano practice of bequeathing single rooms or groups of rooms to various family members. Located at 601 1/2 Paseo de Peralta, the Sara Melton House has an Historical Preservation Easement and is on the National Historic Preservation Registry. The property may provide tax incentives for New Mexico residents. The property consists of two joined one-bedroom apartments and an attached studio apartment, with three designated off-street parking spaces. The property has been rented since 1973.
Key Highlights
- Historical Significance: The Sara Melton House, a late nineteenth‑century adobe home, is on the National Historic Preservation Registry.
- Tri‑plex Income Potential: Features three units (one studio and two one‑bedroom apartments) providing rental income opportunities.
- Tax Incentives: The Historical Preservation Easement may provide considerable tax incentives for New Mexico residents.
Location Intelligence
Trade Area within ½ mile
4
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
$649,100
Median Home Value
Market
Average Price Trend$/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 - Downtown historical triplex with tax incentives for NM residents.
Where is this triplex located?
The property is located at 601 1/2 Paseo De Peralta A Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Historical Significance: The Sara Melton House, a late nineteenth‑century adobe home, is on the National Historic Preservation Registry.; Tri‑plex Income Potential: Features three units (one studio and two one‑bedroom apartments) providing rental income opportunities.; Tax Incentives: The Historical Preservation Easement may provide considerable tax incentives for New Mexico residents.
