1607 5th St Santa Fe, NM 87505
Southwest Santa Fe NeighborhoodEstimated payment $2,957/month
Highlights
- Evaporated cooling system
- Wall Furnace
- Property has 1 Level
- Tile Flooring
About This Home
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%.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,380
Year Built
- Built in 1980
Lot Details
- 4,815 Sq Ft Lot
- Additional Parcels
Parking
- 3 Parking Spaces
Home Design
- Triplex
- Frame Construction
- Stucco
Interior Spaces
- 1,740 Sq Ft Home
- Property has 1 Level
- Tile Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Utilities
- Evaporated cooling system
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 010856576
Community Details
Overview
- 1,740 Sq Ft Building
- Capital Land & Townsite Co Addn Subdivision
Building Details
- Operating Expense $14,881
- Gross Income $43,434
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,380 | $445,286 | $105,000 | $340,286 |
| 2024 | $3,294 | $432,317 | $105,000 | $327,317 |
| 2023 | $3,393 | $432,317 | $105,000 | $327,317 |
| 2022 | $1,634 | $206,639 | $73,156 | $133,483 |
| 2021 | $1,608 | $66,874 | $23,675 | $43,199 |
| 2020 | $2,317 | $96,401 | $28,333 | $68,068 |
| 2019 | $1,538 | $63,036 | $22,316 | $40,720 |
| 2018 | $1,504 | $61,200 | $21,666 | $39,534 |
| 2017 | $1,305 | $52,856 | $21,666 | $31,190 |
| 2016 | $1,230 | $51,317 | $21,667 | $29,650 |
| 2015 | $1,362 | $56,487 | $21,667 | $34,820 |
| 2014 | $1,365 | $58,362 | $21,645 | $36,717 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2026 05/06/26 | For Sale | $496,084 | +12.7% | $285 / Sq Ft | |
| 02/16/2022 02/16/22 | Sold | -- | -- | -- | View Prior Sale |
| 01/24/2022 01/24/22 | Pending | -- | -- | -- | |
| 10/06/2021 10/06/21 | For Sale | $440,000 | +112.9% | -- | |
| 10/30/2015 10/30/15 | Sold | -- | -- | -- | View Prior Sale |
| 09/23/2015 09/23/15 | Pending | -- | -- | -- | |
| 08/31/2015 08/31/15 | For Sale | $206,700 | -- | $130 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | Rio Grande Title Co Inc | |
| Special Warranty Deed | -- | Rio Grande Title Co Inc | |
| Deed In Lieu Of Foreclosure | -- | Fidelity National Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | First American Title Ins Co | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Territorial Abstract & Title | |
| Special Warranty Deed | -- | Territorial Abstract & Title | |
| Legal Action Court Order | -- | Rose Little & Associates Pc |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $178,500 | New Conventional | |
| Previous Owner | $90,000 | Purchase Money Mortgage | |
| Previous Owner | $212,000 | Purchase Money Mortgage | |
| Previous Owner | $215,650 | Purchase Money Mortgage | |
| Previous Owner | $95,250 | No Value Available | |
| Previous Owner | $78,000 | No Value Available | |
| Closed | $53,000 | No Value Available |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1102974
APN: 010856576
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