Turnkey Income Property in Prime Santa Fe Location!
This classic Northern New Mexico adobe offers charm, modern updates, and proven rental potential. The main house features wood floors, hand-carved accents, updated kitchen and baths, and a cozy fireplace. A separate, city-approved short-term rental guest house provides immediate income.
Recent upgrades include new appliances, lighting, roof, and utilities. No historic restrictions and favorable zoning may allow for expansion. Fully fenced yard, ample parking, and strong demand make this a rare Santa Fe investment opportunity.
Pending
Price cut: $40K (7/8)
$955,000
138 W Coronado Rd, Santa Fe, NM 87505
4beds
2,393sqft
Est.:
Single Family Residence
Built in 1942
7,840.8 Square Feet Lot
$-- Zestimate®
$399/sqft
$-- HOA
What's special
Cozy fireplaceAmple parkingUpdated kitchenFully fenced yardNew appliancesHand-carved accentsWood floors
- 82 days
- on Zillow |
- 202 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: July 14, 2025 at 12:11pm
Listed by:
Malisa Braselle 575-770-7245,
Sun Mountain Real Estate 505-660-6847
Source: SFARMLS,MLS#: 202502133
Originating MLS: Santa Fe Association of REALTORS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Baseboard, Electric, Fireplace(s)
Cooling
- None
Appliances
- Included: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
Features
- No Interior Steps
- Flooring: Tile, Wood
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,393
- Total interior livable area: 2,393 sqft
Property
Parking
- Total spaces: 4
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: One
Lot
- Size: 7,840.8 Square Feet
Details
- Additional structures: Guest House Detached, Outbuilding
- Parcel number: 11685504
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Northern New Mexico
- Property subtype: Single Family Residence
Materials
- Adobe
- Roof: Flat
Condition
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: High Speed Internet Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $399/sqft
- Tax assessed value: $635,697
- Annual tax amount: $4,902
- Date on market: 5/14/2025
- Listing terms: Cash,Conventional,New Loan
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