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3226 Rufina

Santa Fe, NM 87507
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Bed --

Bed

Bath 0

Bath

Acres0.88

Acre(Lot)

Excited to see this Apartment community come to market in the high-end tourism, 400 year old capital, high alpine skiing, arts, and cultural mecca of Santa Fe, NM. If you love Meow Wolf, this property is located a few hundred feet south at 3226 Rufina. The economic engine of Meow Wolf makes this an ideal asset to acquire under the rising tide raises all ships theory. The property contains a total of 23 units in 2 buildings built in the 1980s, with a small parcel of land for potential additional uses. Historically a high barrier to entry market for new construction, the area has been identified as being short some 6,484 housing units. The community has partnered to bring more multifamily units on line than the Albuquerque area, but it’s not enough to satiate the resident demand . This has translated to high rent growth and the new construction is establishing a new ceiling on market rents ranging from $2,505 to $6,446 per month (you read that correct – there are a half dozen communities that the high end of their rent is between $2,505 to $6,446 per month!) This high barrier to entry market has some of the most expensive single-family housing in the country with an average price over $700,000. The community contains a range of units from small one bedrooms, averaging 432 sf to larger two bedroom units at 620sf. The lower floor units have a secure, double loaded corridor and the ground floor and upstairs units have their own private entrances. The property contains a common laundry room. The owner has furnished a couple of the smaller units to appeal to the traveling nurses/professional market. If you want to pay all cash, or obtain a new loan, the price is $3,041,153 – a 6.37% cap rate at the current average rents of $1,117, the measure of investment performance include a price per unit of $132,220, a price per square foot of $265.83 a GRM of 9.86 and a cap rate of 6.37%. If the rents are raised to market averages of $1,401, measure of investment performance improve to 7.86, and a cap rate of 7.45% Do not miss out on this opportunity to invest in one of America’s most sought-after markets and receive a rare positive cash flow.

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,041,053

AD Id : 65389390

MLS Id : 202502719

Lot Size : 0.88 Acre

Year Built : 1984

County : Santa Fe

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Feature Features

  • Roofing Information

    Built-Up
  • Interior Features

    Roof: Built-Up
  • Heating & Cooling

    Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Evaporative Cooling

  • Building Information

    Year Built: 1984 Building Area Total: 11440 Construction Materials: Frame Private Pool: No

  • Lot Information

    Main Square Feet: 0.88 Acres Lot Size Acres: 0.88 Lot Size Source: Public Records Lot Size Square Feet: 38202

  • Listing Price Information

    Listing Price: $3041053 Cash, Conventional

  • Tax Information

    Parcel Number: 016010324 Tax Legal Desc: T17N R 9E S33 .877 AC TR A & B

  • School Information

    Elementary School: Ramirez Thomas
    Junior High School: Ortiz
    Senior High School: Santa Fe
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2180 W Alameda Street #23, Santa Fe, NM, 87507 $699,900 2 2 1,877 1,877 SqFt
1190 Harrison Road #4, Santa Fe, NM, 87507 $750,000 2 2 2,600 2,600 SqFt
1109 Paseo Corazon #D-3, Santa Fe, NM, 87507 $429,000 1 2 1,126 1,126 SqFt
1405 Vegas Verdes #315, Santa Fe, NM, 87507 $385,000 2 2 1,284 1,284 SqFt
1405 Vegas Verdes #249, Santa Fe, NM, 87507 $425,000 2 2 1,174 1,174 SqFt
850 Nm 599 Frontage, Santa Fe, NM, 87507 $1,189,000 6 4 3,034 3,034 SqFt
4328 Santo Domingo Stre.., Santa Fe, NM, 87507 $345,000 2 2 1,180 1,180 SqFt

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ByOwner last updated this listing 06/13/2026 @ 05:19

MLS: 202502719 LISTED BY: Todd Clarke, NM Apartment Advisors, Inc. 505-440-8633 SOURCE: Santa Fe Association of REALTORS

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