1607 5th Street, Santa Fe, NM 87505 (MLS# 1102974) -

1607 5th Street, Santa Fe, NM 87505

$496,084

Property Type: Residential Income Square Footage: 1,740 Lot Size (sq. ft.): 4,815 Status: Active

Current Price: $496,084 List Date: 5/06/2026 Last Modified: 5/06/2026

Overview

Description

Just minutes away is the transformative Midtown District redevelopment, a major mixed-use project expected to bring new housing, employment centers, creative office space, parks, and cultural uses to the heart of Santa Fe. This continued investment enhances the long-term growth story for surrounding neighborhoods and increases the desirability of nearby housing. The property consists of three one-bedroom / one-bath units totaling approximately 1,740 square feet on a 0.11-acre parcel. Metrics of investment performance at the ask price of $496,084 and average rents of $1,270 include a GRM of 10.83, a before-reserves cap rate of 5.89%, a price per sf of $285.11, a price per unit of $165,361 with an after-tax IRR of 12.9%.

Listing Details MLS# 1102974

Contract Information

List Price/SqFt: 285.11
Allowance/Concession: No

Location

Street #: 1607
Street Name: 5th
St Suffix: Street
County: Santa Fe
City/Town Code: Santa Fe
State/Province: NM
Zip Code: 87505
Zip +4: 3585
MLS Area Major: 300 – City of Santa Fe
Zone Atlas: NOZA

CityCounty Data

Subdivision Name: Capital Land & Townsite Co Addn

General Property Description

# of Units: 3
5+ Units: No
Units for Sale: 3
Property Sub-Type: Triplex
Living Area: 1740
Lot Size Source: On-Line
Acres: 0.11
Lot SqFt: 4815
Directions: From I-25 and St. Michael's north to 5th street, north on 5th to the property (between FCerrillos and St. Michaels)
Stories: Yes
Total Stories in Bldg: Yes
Total # of Buildings: Yes
Year Built: 1980
Age: Select One
# Parking Spaces: 3
Accessory Dwelling Unit: No
Disability Access: No
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X

Cooling

Centrally Ducted: Yes
Evaporative Cooling: Yes

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 580
Actual Rent: 1280
Max Rent: 1532
Market Rent: 1648

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 580
Actual Rent: 1430
Max Rent: 1532
Market Rent: 1648

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 580
Actual Rent: 1100
Max Rent: 1532
Market Rent: 1648

Unit Summary

Total Units: 3
Average Unit Size: 580
Average Actual Rent: 1270
Annualized: 45720
Total Actual Rent: 3810

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 010856576

Tax & Legal Info

GRT Code: 01-123
Tax Exemption: No
Tax Annual Amount: 3380.02

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

No Landscaping: Yes

Flooring

Tile: Yes

Heating

Wall Unit: Yes

Owner Pays

Other – See Remarks: Yes

Showing Requirements

No Lockbox: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Income & Expenses

Annual Gross Income: 43434
Operating Expenses: 14881

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Electricity Available: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Miscellaneous Info

No Sign: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Operating Expenses

Other – See Remarks: Yes

Parking

Unpaved: Yes

Roof

Flat: Yes

Finance Considered

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Rental Info

Other – See Remarks: Yes

Zoning

R-2: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: No Landscaping Appliances included: Refrigerator Utilities: Electricity Available; Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Evaporative Cooling Flooring: Tile Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Operating Expenses: Other – See Remarks Owner Pays: Other – See Remarks Tenant Pays: Electric; Gas Parking: Unpaved Roof: Flat Rental Info: Other – See Remarks Finance Considered: Cash; Conventional; FHA; VA Showing Requirements: No Lockbox Zoning: R-2

Documents

Flyer & APOD ›

LO SO Letter to Buyers, Buyers Broker ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: May – 06 – 2026

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.