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    601-1/2 Paseo De Peralta A Santa Fe, NM 87501

    Sponsored
    For Sale
    $1,100,000

    Downtown Santa Fe investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional $1,100,000 investment opportunity presents a unique chance to own a piece of Santa Fe history. The Sara Melton House, a meticulously preserved late 19th-century adobe triplex at 601 1/2 Paseo De Peralta A, boasts three units: one studio and two one-bedroom apartments. Built in 1871, this historically significant property is listed on the National Historic Preservation Registry and includes a Historical Preservation Easement. The property's rich history, dating back to its purchase by Nestora Gonzales in 1871, is reflected in its unique architectural details and layout, showcasing the evolution of a Hispano family home over generations. The property's configuration demonstrates the regional practice of bequeathing individual rooms or groups of rooms within a single structure. Currently, the triplex comprises two connected one-bedroom apartments and a separate studio apartment, all with designated off-street parking (3 spaces). Continuously rented since 1973, this property offers a strong rental history and significant potential for tax incentives for New Mexico residents. Please note that this is a tenant-occupied property requiring 48-hour notice for showings. This is a rare chance to acquire a landmark property in the heart of Santa Fe's vibrant downtown.

    Property Features for 601-1/2 Paseo De Peralta A

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1871
    Units
    3

    HighLights

    • $1,100,000 asking price.
    • Historic Santa Fe triplex.
    • Three units: one studio, two one‑bedroom apartments.
    • Built in 1871.
    • Located at 601 1/2 Paseo De Peralta A, Santa Fe, NM 87501.
    • National Historic Preservation Registry listing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9338893
    Latitude
    35.6899816

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    FAQs

    What type of property is this?
    Specialty property - Downtown Santa Fe investment opportunity.
    Where is this specialty property 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: $1,100,000 asking price.; Historic Santa Fe triplex.; Three units: one studio, two one-bedroom apartments.
    Request Owner's contact information
    601-1/2 Paseo De Peralta A Santa Fe, NM 87501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601-1/2 Paseo De Peralta A Santa Fe, NM 87501
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