$1,400,000

Estimated payment $9,028/month

Total Views 15,357
-- Bed
-- Bath
6,756 Sq Ft
$207 Price per Sq Ft

Highlights

  • No HOA
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Refrigerated Cooling System

About This Home

Incredible 7-unit investment opportunity in the heart of Española’s desirable westside neighborhood, nestled
between the Rio Grande River and the Plaza. 720 School Street is fully occupied and has been extensively
remodeled, offering a rare turnkey multifamily property with low/no maintenance ownership. Updates include new
flooring, newer central heat and air conditioning, upgraded electrical and plumbing, newer kitchens with
granite countertops, natural stone backsplash, stainless steel appliances, LED lighting throughout, newer
stucco, metal roof, and updated windows. Each unit features its own in-unit laundry and outdoor space, plus
designated parking. Residents also enjoy access to a shared 0.56-acre lot—ideal for relaxing or gathering.
Condominium documents are complete and available for review, and ready to record, providing future flexibility
for individual unit sales. Located approximately 20 miles from Los Alamos National Laboratory, this property
offers strong rental appeal with excellent long-term investment potential.

Listing Agent

RACHAEL BACA

Logic Real Estate License #44829 Listed on: 02/19/2026

Co-Listing Agent

Lynn G Scott

Logic Real Estate License #13651

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1948

Lot Details

  • 24,394 Sq Ft Lot

Home Design

  • Metal Roof
  • Block Exterior
  • Stucco
  • Adobe

Interior Spaces

  • 6,756 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Schools

  • Espanola Elementary School
  • Carlos F. Vigil Espanola Middle School
  • Espanola Valley High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Separate Meters
  • Water Heater

Community Details

  • No Home Owners Association
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 1-046-120-170058

Property Details

Home Type

Apartment

Year Built

Built in 1948

Lot Details

0.56 Acres

Listing Details

  • Property Sub Type: Apartment
  • Year Built: 1948
  • Prop. Type: Residential Income
  • Co List Office Phone: (505) 820-7000
  • Architectural Style: Multi-Level, One Story
  • Garage Yn: No
  • Property Sub Type Additional: Apartment
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Levels: Multi/Split
  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Interior Steps

Exterior Features

  • Roof: Metal
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Adobe, Block, Stucco

Utilities

  • Cooling: Central Air, Refrigerated
  • Utilities: Other, Separate Meters, Electricity Available
  • Heating: Forced Air
  • Security: Dead Bolt(s), Heat Detector, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Espanola
  • High School: Espanola Valley High
  • Middle Or Junior School: Carlos F. Vigil Espanola Middle School

Lot Info

  • Lot Size Acres: 0.56
  • Zoning: R-1, 2, 3, 4, 5, 6
  • Lot Size Sq Ft: 24393.6
  • Parcel #: 1-046-120-170058
  • Zoning Description: R5

Rental Info

  • Tenant Pays: Cable TV, Electricity, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 7

Map

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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
02/19/2026 02/19/26 For Sale $1,400,000 -- $207 / Sq Ft
Source: Santa Fe Association of REALTORS®

Source: Santa Fe Association of REALTORS®

MLS Number: 202600611

Santa Fe Association of REALTORS®

APN: 1-046-120-170058

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