About 1607 5th Street
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%.
Features of 1607 5th Street
| MLS® # | 1102974 |
|---|---|
| Price | $496,084 |
| Original Price | $496,084 |
| Price Per Sq.Ft. | $285.11 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Square Footage | 1,740 |
| Acres | 0.11 |
| Year Built | 1980 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
| Is Green | No |
| Guest House | No |
Community Information
| Address | 1607 5th Street |
|---|---|
| Area | 300 - City of Santa Fe |
| Subdivision | Capital Land & Townsite Co Addn |
| City | Santa Fe |
| County | Santa Fe |
| State | NM |
| Zip Code | 87505 |
Amenities
| Utilities | Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile |
|---|---|
| Appliances | Refrigerator |
| Heating | Wall Furnace |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Construction | Frame, Stucco |
|---|---|
| Builder | Unknown |
Additional Information
| Date Listed | May 6th, 2026 |
|---|---|
| Days on Market | 126 |
| RE / Bank Owned | No |
| Finance Considered | Cash, Conventional, FHA, VA Loan |
| Current Taxes | $3,380 |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|