Description
Rare opportunity to own a versatile income-producing property featuring two homes on a single lot. Perfectly suited for a savvy investor, this property offers an immediate and reliable cash flow with long-term tenants already in place who boast a stable and proven rental history. The primary residence and secondary unit combined offer approximately 1,500 sq. ft. of living space situated on a spacious 7,754 sq. ft. lot. Nestled in a quiet, well-established neighborhood, the property provides a serene setting that feels like a rural retreat while maintaining city convenience. Residents are within walking distance to local shops, restaurants, and the scenic Gallinas River and walking trails. Located near New Mexico Highlands University, this property is strategically positioned for consistent demand. With a strong tax assessment history and steady value growth, this is a "set-it-and-forget-it" addition to any real estate portfolio. Whether you are looking for a reliable rental stream or a multi-generational living setup, this property is a must see.
-
0BEDS
-
0.18ACRES
-
0BATHS
-
01/2 BATHS
-
1,500SQFT
-
$213$/SQFT
School Information
Description
Rare opportunity to own a versatile income-producing property featuring two homes on a single lot. Perfectly suited for a savvy investor, this property offers an immediate and reliable cash flow with long-term tenants already in place who boast a stable and proven rental history. The primary residence and secondary unit combined offer approximately 1,500 sq. ft. of living space situated on a spacious 7,754 sq. ft. lot. Nestled in a quiet, well-established neighborhood, the property provides a serene setting that feels like a rural retreat while maintaining city convenience. Residents are within walking distance to local shops, restaurants, and the scenic Gallinas River and walking trails. Located near New Mexico Highlands University, this property is strategically positioned for consistent demand. With a strong tax assessment history and steady value growth, this is a "set-it-and-forget-it" addition to any real estate portfolio. Whether you are looking for a reliable rental stream or a multi-generational living setup, this property is a must see.
© 2026 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Lisa Harris | Coldwell Banker Mountain Properties are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2026-02-10T17:51:35.333.
Listing provided courtesy of Geneva Riggs of HomeSmart Realty Pros: (505) 962-2121. © 2026 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.