Prime Santa Fe Investment Opportunity. Discover an exceptional 4-Plex income property located in one of Santa Fe’s most sought-after districts. This centrally positioned asset is just one block from Meow Wolf and within easy reach of Second Street Brewery, popular dining, galleries, and performance spaces. Each unit features 2 bedrooms and 1 bathroom, with two units offering private yards. The property provides ample off-street parking and a strong rental history in an area experiencing continued growth and revitalization. Priced near a 7 Cap Rate. Whether you’re expanding your portfolio or seeking a stable investment with upside potential, this property represents one of the best values currently available in Santa Fe’s thriving investment market! Owner/Broker
For sale
$850,000
1309 Rufina Ln, Santa Fe, NM 87507
8beds
4baths
3,300sqft
Est.:
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$258/sqft
$-- HOA
What's special
Ample off-street parking
- 115 days |
- 576 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: December 31, 2025 at 04:36pm
Listed by:
Gene Valencia 505-920-5629,
Keller Williams Realty 505-983-5151
Source: SFARMLS,MLS#: 202505051
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- No Interior Steps
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: Multi/Split
Lot
- Size: 8,276.4 Square Feet
Details
- Parcel number: 018000848
- Zoning: R-1, 2, 3, 4, 5, 6
- Zoning description: Buyer to verify
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Level
- Property subtype: Multi Family
Materials
- Frame
- Roof: Flat
Condition
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters, Electricity Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $258/sqft
- Tax assessed value: $528,279
- Annual tax amount: $4,026
- Date on market: 11/13/2025
- Cumulative days on market: 100 days
- Listing terms: Cash,Conventional,1031 Exchange
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/1/2026 | Listed for sale | $850,000$258/sqft |
Source:  SFARMLS #202505051 Report a problem | ||
| 12/16/2025 | Pending sale | $850,000$258/sqft |
Source: SFARMLS #202505051 Report a problem | ||
| 11/13/2025 | Listed for sale | $850,000+126.7%$258/sqft |
Source: SFARMLS #202505051 Report a problem | ||
| 8/18/2010 | Listing removed | $375,000$114/sqft |
Source: Santa Fe Realty Partners #201000700 Report a problem | ||
| 2/18/2010 | Listed for sale | $375,000-6%$114/sqft |
Source: Santa Fe Realty Partners #201000700 Report a problem | ||
| 12/19/2009 | Listing removed | $399,000$121/sqft |
Source: Santa Fe Realty Partners #807811 Report a problem | ||
| 10/24/2009 | Listed for sale | $399,000$121/sqft |
Source: Santa Fe Realty Partners #807811 Report a problem | ||
| 7/25/2009 | Listing removed | $399,000$121/sqft |
Source: Santa Fe Realty Partners #807811 Report a problem | ||
| 6/6/2009 | Price change | $399,000-4.8%$121/sqft |
Source: Santa Fe Realty Partners #807811 Report a problem | ||
| 12/24/2008 | Price change | $419,000-2.3%$127/sqft |
Source: Listhub #807811 Report a problem | ||
| 11/23/2008 | Listed for sale | $429,000$130/sqft |
Source: Listhub #800521 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,026 +43.5% | $528,279 +47.8% |
| 2023 | $2,806 +2.3% | $357,521 +3% |
| 2022 | $2,744 +1.6% | $347,108 +3% |
| 2021 | $2,702 -2.4% | $336,999 +192.5% |
| 2020 | $2,768 +1.4% | $115,195 +3% |
| 2019 | $2,729 +2.3% | $111,840 +3% |
| 2018 | $2,669 | $108,582 +3% |
| 2017 | $2,669 +2.6% | $105,420 +111.5% |
| 2016 | $2,602 | $49,846 +3% |
| 2015 | $2,602 +122.9% | $48,394 +3.1% |
| 2014 | $1,167 +23.4% | $46,938 |
| 2013 | $946 +3.2% | -- |
| 2012 | $916 -1.6% | -- |
| 2011 | $931 +1.9% | -- |
| 2010 | $914 +5.7% | -- |
| 2009 | $865 +4.2% | -- |
| 2008 | $830 +1.7% | -- |
| 2005 | $816 +9% | -- |
| 2004 | $749 -7% | -- |
| 2003 | $805 +5.4% | -- |
| 2002 | $764 -4.4% | -- |
| 2001 | $799 +3.5% | -- |
| 2000 | $772 | $42,796 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,404/mo
Principal & interest
$4050
Property taxes
$354
Climate risks
Neighborhood: 87507
Nearby schools
GreatSchools rating
- 5/10Salazar Elementary SchoolGrades: PK-6Distance: 1.3 mi
- 6/10Milagro Middle SchoolGrades: 7-8Distance: 2.7 mi
- NASanta Fe EngageGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: El Camino Real Academy
- Middle: El Camino Real Academy
- High: Capital
Source: SFARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 87507
