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

Building Details

Year Built

1871

Listing office Western Equities, LLC

Listing date Oct 10, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

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.

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FAQs

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.