Active

1004 Nm 76

Espanola, NM 87532

$1,023,993 $4,317/Mo

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Overview

Bed

Bath

1.15

Acres(Lot)

Description

This seven plex is well located in close proximity jobs, retail, restaurants, casinos and the world famous El Parasol and Rancho Chimayo Restaurants. Each of the units has it’s own laundry or shares with one additional unit. Most of the residences have their own private yard spaces and truly feel like separate cottages in a larger northern New Mexico familial compound setting. The property is a value-add opportunity if repositioned to take advantage of the announced 20,000 jobs, at the rate of 2,000 per year, at Los Alamos National Laboratories (LANL) that will spill in the surrounding towns, cities and counties. The subject property is located 22 miles to the front gate of LANL. This property is strategically located at one corner of the Los Alamos/Espanola/Santa Fe employment tria ngle, which boasts a population of 217,008, with a median age of 45 and an average household income of $101,364. The property is offered at $1,023,993, with measure of investment performance that include a price per unit of $144,285, price per square foot of $178.37, a GRM of 8.32 and a cap rate at 7.67 with an average rent of $1,539 per unit per month. Please review the 26 page flyer and Espanola housing summit reports. Do not miss out on this rare opportunity to buy into a market that offers northern NM architecture in a family compound that is poised on the cusp of phenomenal job growth.

Property Details

Property Type : Residential Income

Price : $1,023,993

AD Id : 65942017

MLS Id : 202503167

Lot Size : 1.15 Acres

Year Built : 1949

County : Santa Fe

Map

What's Nearby

Nearby Areas

Features

Roofing Information

Flat
Interior Features

Roof: Flat
Heating & Cooling

Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Evaporative Cooling

Building Information

Year Built: 1949 Building Area Total: 5338 Construction Materials: Adobe, Block, Frame Private Pool: No

Lot Information

Main Square Feet: 1.15 Acres Lot Size Acres: 1.15 Lot Size Source: Public Records Lot Size Square Feet: 50094

Listing Price Information

Listing Price: $1023993 Cash, Conventional

Tax Information

Parcel Number: 174921127 Tax Legal Desc: T20N R 8E S 2 SE 1.15 AC TR 188

School Information

Elementary School: Espanola

Junior High School: Carlos F. Vigil Espanola Middle School

Senior High School: Espanola Valley High
Utility Information

Other, See Remarks
Location Information

Direction: From Hwy 285 north as you enter Espanola to Highway 76 (Santa Cruz) east to property. WaterSource: Public

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ByOwner last updated this listing 06/15/2026 @ 12:58

MLS: 202503167 LISTED BY: Todd Clarke, NM Apartment Advisors, Inc. 505-440-8633 SOURCE: Santa Fe Association of REALTORS