# 1607 5th Street, Santa Fe, NM 87505

> **TL;DR:** 3bd/0ba multi-family, $496,084, built 1980. Est. $2,653/mo. Listed 181 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $496,084 |
| Bedrooms | 3 |
| Year Built | 1980 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Stories | 1 |
| Property Type | Multi-Family (Triplex) |
| Status | Active |
| Days on Market | 181 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,508 |
| Estimated Insurance | $145 |
| **Total** | **$2,653** |

## Property Highlights

- Built in 1980
- 0.11 acre lot
- 3 parking spaces

## Description

### Agent Description
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%.

## Location

- **Address:** 1607 5th Street, Santa Fe, NM 87505
- **County:** Santa Fe
- **Neighborhood:** Capital Land & Townsite Co Addn
- **Coordinates:** 35.661974, -105.970405
- **Google Maps:** https://www.google.com/maps?q=35.661974,-105.970405

## Listing Agent

- **Name:** Todd D Clarke · **License:** 13711
- **Brokerage:** NM Apartment Advisors Inc.
- **Broker Phone:** (505) 440-8633
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1607-5th-St_Santa-Fe_NM_87505_M18926-64938?f=listhub&s=GAARNM&m=1102974&c=propsimple)

## Photos

![1607 5th Street - Photo 1](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f1137268207r.jpg)

![1607 5th Street - Photo 2](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f3903973100r.jpg)

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![1607 5th Street - Photo 34](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f2849324206r.jpg)

![1607 5th Street - Photo 35](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f2037175764r.jpg)

![1607 5th Street - Photo 36](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f254856189r.jpg)

![1607 5th Street - Photo 37](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f3000682733r.jpg)

![1607 5th Street - Photo 38](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f2211118298r.jpg)

![1607 5th Street - Photo 39](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f1778476624r.jpg)

![1607 5th Street - Photo 40](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f1110919483r.jpg)

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![1607 5th Street - Photo 64](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f367649490r.jpg)

![1607 5th Street - Photo 65](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f1952343140r.jpg)

![1607 5th Street - Photo 66](http://lh.rdcpix.com/36dd14c0609fa3f9a3591d4e2aa269bdl-f2205149361r.jpg)

---

**MLS#:** 1102974 | **Updated:** 2026-11-01
**Source:** listhub

*Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/1607-5th-street-santa-fe-nm-87505-32a7b62ccdbc4e929713dac23849e957)

---

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