Historical Tri-plex in Downtown
For Sale
Contact for pricing
601 1/2 Paseo De Peralta A, Santa Fe, NM 87501
Downtown historical triplex with tax incentives for NM residents.
Property SizeContact for details
Days on Market689
Property Features for 601 1/2 Paseo De Peralta A
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Special Purpose
Building Details
Year Built
1871
Units
3
Listing Agency:
Western Equities, LLC
Listed By:
Mara Melton
Source:
Crexi
Added: Oct 10, 2024
Changed: Aug 13
Last Checked: Aug 29 at 6:10AM
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
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in West region
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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.
