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Espanola, NM Multifamily Home for Sale

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    $1,023,993

    • 5,338 Sq Ft

    1004 Nm 76, Espanola, NM 87532

    This seven plex is well located in close proximity jobs, retail, restaurants, casinos and the world famous El Parasol and Rancho Chimayo Restaurants. Each of the units has it’s own laundry or shares with one additional unit. Most of the residences have their own private yard spaces and truly feel like separate cottages in a larger northern New Mexico familial compound setting.The property

    Todd Clarke NM Apartment Advisors, Inc.

    1004 Nm 76, Espanola, NM 87532

Why Live in Espanola

Española, located around 25 miles north of Santa Fe in the remote New Mexican high desert, is a small city with a rich history and cultural diversity. Originally home to the Tewa Indians and later settled by the Spanish in the late 1500s, Española is known for its multicultural, trilingual community and historical churches. The city is a commercial hub for northern Santa Fe County, featuring a mix of local eateries, big box retailers like Walmart and Lowe's, and casinos such as the Buffalo Thunder Resort and Casino. Housing in Española is more affordable compared to nearby Santa Fe, with prevalent Northern New Mexico-style and Pueblo Revival homes. The area also offers mobile home options in the southern village of El Valle de Arroyo Seco. For those looking for things to do, Española is close to the Jemez Mountains and the Rio Grande, providing opportunities for off-roading, fishing, and exploring ancient pueblo ruins. The Bandelier National Monument and Pajarito Mountain Ski Area are also nearby. Art and religion play significant roles in the community, with events like the Pilgrimage to Chimayo and local artist studio tours. The city is accessible via U.S. Route 285 and New Mexico State Road 30, with bus services provided by the North Central Regional Transit District. Recent FBI data indicates that Española has seen significant declines in both property and violent crime rates over the past decade, making it safer compared to the national average.

Home Trends in Espanola, NM

Housing Trends

Median Sale Price
$233,000
Median Single Family Sale Price
$448,000
Average Price Per Sq Ft
$205
Number of Homes for Sale
10
Last 12 months Home Sales
11
Months of Supply
10.90
Median List Price
$377,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
1%
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