1901 Arroyo De Las Cruces Rd, Santa Fe, NM, 87505
About This Home
Multi-unit investment property just off Agua Fria St and steps from Frenchy’s Park, offering a rare 7-unit mix in a high-demand Santa Fe rental corridor. The property features 2 studios, 2 one-bedroom, and 3 three-bedrooms, creating broad appeal and steady rental potential. Tenants love the nearby access to trails, green space, shopping, and transit, plus the quick drive to downtown and the Railyard. A strong income-producing asset with excellent potential for thoughtful updates and long-term growth in a well-established, highly sought-after area of Santa Fe. Seller financing available with 20% down. Terms acceptable to seller.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1979
Materials
- Roof: Other,See Remarks
Type & Style
- Home type: MultiFamily
- Architectural style: One Story
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 11
- Bathrooms: 7
Features
- Interior Steps
Heating & Cooling
- Heating features: Ductless,Forced Air,Fireplace(s)
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 4,735
- Total interior livable area: 4,735 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Details
- Parcel number: 10778752
- Zoning: Other,R-1, 2, 3, 4, 5, 6
- Zoning description: Residential
- Special condition: Standard
Lot
- Lot size: 0.46 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Winter Weather
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Fe County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,573 | $78,876 |
| Home Insurance * | $436 | $5,232 |
| Property Taxes | $652 | $7,824 |
| Electricity | $336 | $4,039 |
| Total | $7,997 | $95,964 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-20 | Listed for sale | $1,300,000 |
| 2025-06-11 | Listing removed | -- |
| 2025-03-13 | Price change | $1,111,111 |
| 2025-01-17 | Price change | $949,000 |
| 2024-12-02 | Listed for sale | $849,000 |
| 2024-07-20 | Listing removed | -- |
| 2024-04-21 | Listed for sale | $995,000 |
| 2024-01-03 | Listing removed | -- |
| 2023-09-08 | Listed for sale | $1,100,000 |
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