New Construction
For Sale
$769,900
Pending
94 Starling Lane, Santa Teresa, NM 88008
Residential, Santa Teresa, NM
Property Size3,850 SF
Lot Size0.10 Acres
Days on Market140
Property Features for 94 Starling Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Zoning
A1
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 9, Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 10, Bedroom 6, Bathroom 6, Bathroom 1, Bedroom 8, Bathroom 7, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 8, Bathroom 4, Bathroom 5, Bedroom 2
Window features
Double Pane Windows
Interior features
Ceiling Fan(s), Pantry, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Electric Water Heater, Free-Standing Electric Oven, Microwave, Refrigerator
Subdivision
Las Brisas
Lot features
Gated Community, Standard Lot, Subdivided
Elementary school
Santat
Middle school
Santat
High school
Santat
Elementary school district
Gadsden
Middle school district
Gadsden
High school district
Gadsden
Standard status
Pending
APN
4015166488469
Size
3,850 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LAS BRISAS SUBDIVISION PHASE 1 (2527667) Lot: 57 S: 21 T: 28S R: 3E
Tax Annual Amount
1699
HOA Fee
$400 Monthly
Legal Description
LAS BRISAS SUBDIVISION PHASE 1 (2527667) Lot: 57 S: 21 T: 28S R: 3E
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
Stucco, Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
AMAR Real Estate Group
(575) 332-4886
Listed By:
Adrienne Dominguez
(915) 412-7396
Added: May 29
Changed: Oct 8
Last Checked: Oct 15 at 9:06PM
MLS# 944850
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This under-construction quadplex is planned as a four-unit residential property with 3,850 square feet of building area on a 0.1-acre lot. The unit mix can combine two- and three-bedroom floor plans, with two bathrooms provided in each residence. Interior features include stainless steel kitchen appliances, laundry rooms, pantries, walk-in closets, ceiling fans, vinyl and carpet flooring, central heating, and central air conditioning. Stucco and frame construction, shingle roofing, and electric water heating are specified, with completion identified for 2026.
The property is located at 94 Starling Lane in Santa Teresa, within a community planned to include 61 quadruplexes, gated access, two green-space parks, solar lighting, and landscaped pedestrian pathways. Zoning is A1.
The property is located at 94 Starling Lane in Santa Teresa, within a community planned to include 61 quadruplexes, gated access, two green-space parks, solar lighting, and landscaped pedestrian pathways. Zoning is A1.
Key Highlights
- Four‑unit quadplex under construction with 3,850 square feet
- 0.1‑acre lot at 94 Starling Lane, Santa Teresa, NM 88008
- Two- and three‑bedroom floor plans can be combined across the four units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,977
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,540
$519.5K
Cap Rate 7%
$371,100
$371.1K
Cap Rate 9%
$288,633
$288.6K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$39.3K $10.20/SF
− Vacancy
−$2.2K −$0.56/SF
EGI
$37.1K $9.64/SF
− OpEx
−$11.1K −$2.89/SF
NOI
$26.0K $6.75/SF
Area
Dona Ana County, NM
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,540
Cap Rate 7%
$371,100
Cap Rate 9%
$288,633
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.7K – $433.0K
NOI $25,977 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$333.8K
$292.1K – $389.4K
NOI $23,366 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$673.7K
$589.5K – $786.0K
NOI $47,161 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 88008, NM
10,239
Population
4,364
Households
2.3
Avg Household Size
33
Median Age
39%
College-Educated
92%
High-School Grad
80.7 sq mi
ZIP Area
127
Density / Sq Mi
$69,502
Median Household Income
$36,679
Median Earnings
$1,191
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Planned within a gated Santa Teresa community, this property offers flexible two- and three-bedroom unit layouts.
Where is this quadplex located?
The property is located at 94 Starling Lane Santa Teresa, NM.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Four‑unit quadplex under construction with 3,850 square feet; 0.1‑acre lot at 94 Starling Lane, Santa Teresa, NM 88008; Two- and three‑bedroom floor plans can be combined across the four units
