Pueblo-Style
For Sale
$459,900
Pending
612 Camino De La Luz, Santa Fe, NM 87505
ResidentialIncome, Santa Fe, NM
Property Size1,552 SF
Lot Size0.12 Acres
Days on Market366
Property Features for 612 Camino De La Luz
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1, 2, 3, 4, 5, 6
Zoning description
r 1, 2, 3, 4, 5
Bedrooms
6
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 6
Interior features
NoInteriorSteps
Elementary school
Acequia Madre
Middle school
Gonzales
High school
Santa Fe
Directions
Head north on S St Francis Drive, turn right onto Camino de la Luz. Continue along Camino de la Luz until you reach 612 Camino de la Luz (it will be on your left).
Special listing conditions
In Foreclosure
Standard status
Pending
APN
018104295
Size
1,552 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
T17N R10E S30, 0.126 AC
Legal Description
T17N R10E S30, 0.126 AC
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1968
Floors in Building
2
Number of units
2
Roof type
Flat
Architectural style
Other
Listing Agency:
RE/MAX Avante · RE/MAX International
(505) 552-3088
Listed By:
Janet Frederick · License #19636
(720) 480-4803
Added: Oct 13, 2025
Changed: Sep 28
Last Checked: Oct 13 at 4:06PM
MLS# 202504680
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.
This 1,552-square-foot duplex contains two residential units on a 0.12-acre parcel. The lower level includes three bedrooms and one bathroom, while the property’s room schedule identifies two bathrooms overall. Interior access is step-free, and the structure dates to 1968. The home requires repairs and updates, with a flat roof, forced-air heating, and natural gas service.
Located in Santa Fe, the property is near shops, dining, galleries, and cultural attractions. Public water and public sewer serve the site. Zoning is identified as R-1, 2, 3, 4, 5, and 6, providing the applicable residential land-use framework stated for the property.
Located in Santa Fe, the property is near shops, dining, galleries, and cultural attractions. Public water and public sewer serve the site. Zoning is identified as R-1, 2, 3, 4, 5, and 6, providing the applicable residential land-use framework stated for the property.
Key Highlights
- Two‑unit duplex with 1,552 square feet of property size
- 0.12‑acre parcel in Santa Fe, NM
- Lower‑level unit includes 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,033
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,660
$460.7K
Cap Rate 7%
$329,043
$329.0K
Cap Rate 9%
$255,922
$255.9K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$34.5K $22.20/SF
− Vacancy
−$1.6K −$1.00/SF
EGI
$32.9K $21.20/SF
− OpEx
−$9.9K −$6.36/SF
NOI
$23.0K $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%
$460,660
Cap Rate 7%
$329,043
Cap Rate 9%
$255,922
Alternative Uses
Best Use
Multifamily LT 5
$329.0K
$287.9K – $383.9K
NOI $23,033 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$304.2K
$266.2K – $354.9K
NOI $21,294 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$421.4K
$368.8K – $491.7K
NOI $29,500 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 87505, NM
32,078
Population
18,733
Households
1.7
Avg Household Size
52
Median Age
54%
College-Educated
94%
High-School Grad
65.1 sq mi
ZIP Area
493
Density / Sq Mi
$75,912
Median Household Income
$41,169
Median Earnings
$1,348
Median Rent
$484,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a lower-level three-bedroom, one-bath unit and no interior steps.
Where is this duplex located?
The property is located at 612 Camino De La Luz Santa Fe, NM.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,552 square feet of property size; 0.12‑acre parcel in Santa Fe, NM; Lower‑level unit includes 3 bedrooms and 1 bathroom
