1607 5th St, Santa Fe, NM, 87505
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%.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1980
Materials
- Construction materials: Frame,Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Triplex,Multi Family
Interior
Appliances
- Appliances included: Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Features
- Flooring: Tile
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Evaporative Cooling
Interior Area
- Total structure area: 1,740
- Total interior livable area: 1,740 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 010856576
- Zoning description: R-2
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 4,791 sqft
Parking
- Total spaces: 3
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
- Earthquake
- Inland Flooding
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 | $2,508 | $30,096 |
| Home Insurance * | $166 | $1,992 |
| Property Taxes | $303 | $3,636 |
| Electricity | $148 | $1,780 |
| Total | $3,125 | $37,500 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $496,084 |
| 2016-04-30 | Listing removed | $229,000 |
| 2015-12-21 | Sold | -- |
| 2015-12-03 | Price change | $229,000 |
| 2015-11-11 | Price change | $221,000 |
| 2015-10-30 | Listed for sale | $259,000 |
| 2015-09-26 | Listing removed | $205,700 |
| 2015-09-02 | Listed for sale | $205,700 |
| 2015-09-01 | Pending sale | $205,700 |
| 2015-09-01 | Listed for sale | $205,700 |
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