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® # | 202601933 |
|---|---|
| Price | $496,084 |
| Bathrooms | 0.00 |
| Square Footage | 1,740 |
| Acres | 0.11 |
| Year Built | 1980 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Style | One Story |
| Status | Active |
Community Information
| Address | 1607 5th Street |
|---|---|
| Area | 4S-SF City Limit SWS |
| City | Santa Fe |
| County | Santa Fe |
| State | NM |
| Zip Code | 87505 |
Amenities
| Utilities | Separate Meters |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | No Interior Steps |
|---|---|
| Appliances | Refrigerator |
| Heating | Other, See Remarks |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Flat |
|---|
School Information
| Elementary | Aspen Community Magnet School K-8 |
|---|---|
| Middle | Aspen Community Magnet School K-8 |
| High | Santa Fe |
Additional Information
| Date Listed | May 6th, 2026 |
|---|---|
| Days on Market | 39 |
| Zoning | R-1, 2, 3, 4, 5, 6 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Anita Maestas |
|---|---|
| Office | Maestas Real Estate |