$1,023,993/mo

1004 Nm 76, Espanola, NM 87532

  • 5,338 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon1.15acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $192/sqft
  • Property List Date Icon Listed 3 months ago

Property 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 triangle, 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.

Listing Status:
Active
Date Added:
July 12, 2025 at 05:00AM
Listing Office:
NM Apartment Advisors, Inc. : (505) 440-8633
Listing Agent:
Todd D. Clarke : (505) 440-8633
MLS ID:
202503167
  • General: No Interior Steps
  • A/C: Evaporative Cooling
  • Heating: ElectricForced Air
  • Disability Feature: Not ADA Compliant
  • Style: One Story
  • Roofing: Flat
  • General: AdobeBlockFrame
  • Originating MLS: SFAOR
  • County: Santa Fe
  • Zoning: R-123456T20N R 8E S 2 SE 1.15 AC TR 188174921127
  • Utilities: OtherSeparate MetersSee Remarks
  • Water: Public
  • Sewer: Public Sewer
  • Source: SFAOR

This listing courtesy of Todd D. Clarke, NM Apartment Advisors, Inc.

Location

Schools Nearby

E

Eutimio Salazar Elementary School

1000 Zuni Ln, Espanola, NM, 87532

Grades PK-6

0.95 miles away

C

Carlos F. Vigil Middle School

1260 Johnie Roybal Ind Prk Rd, Espanola, NM, 87532

Grades 7-8

2.64 miles away

E

Espanola Valley High School

1111 El Llano Rd, Espanola, NM, 87532

Grades 9-12

1.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.