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Property profile & analytics
OFF-MARKET
Specialty properties

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

Built 1871
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Year built 1871
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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