**OWNER FINANCING AVAILABLE** Discover a prime investment opportunity in Santa Fe! This multi-family property located in the historic Agua Fria Village is sited on a 2.191 acre parcel- half of which is undeveloped. Originally a family compound with three residences, it became the International Institute of Chinese Medicine, and was later reimagined into 5 dwellings and 2 studios spanning 8,000 square feet. The charming property features gated access, ample paved parking for residents and visitors alike, 3 buildings, two wells, and 3 septic systems. With flexible "Commercial Neighborhood" zoning, County oversight, and a full set of plans to develop the vacant portion, the savvy investor will enjoy immediate rental income while a plan is formulated for the additional land. Just a short drive from downtown, shopping, and entertainment, this singular opportunity is priced at it's most recent appraisal value, and is poised to combine the historic charm of Santa Fe with the profitability of future development within our robust housing market.
For sale
$1,139,000
4884 La Junta Del Alamo, Santa Fe, NM 87507
--beds
0baths
6,000sqft
Est.:
Multi Family
Built in 1937
-- sqft lot
$-- Zestimate®
$190/sqft
$-- HOA
What's special
Ample paved parkingTwo wellsGated access
- 101 days
- on Zillow |
- 157 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: August 25, 2025 at 10:25am
Listed by:
Natalie Rivera Benavent,
Barker Realty, LLC 505-982-9836
Source: SFARMLS,MLS#: 202502193
Originating MLS: Santa Fe Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: See Remarks
Features
- Interior Steps
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Lot
- Size: 2.19 Acres
Details
- Parcel number: 056001239
- Zoning: Other
- Zoning description: Commercial Neighborhood
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Multi Family
Materials
- Adobe, Frame, Stucco
- Roof: Flat
Condition
- Year built: 1937
Utilities & green energy
- Sewer: Septic Tank
- Water: Shared Well
- Utilities for property: Electricity Available
Community & HOA
Community
- Security: Security Gate
HOA
- Has HOA: No
- Amenities included: Gated
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $190/sqft
- Date on market: 5/19/2025
- Cumulative days on market: 196 days
- Listing terms: Cash,Conventional,1031 Exchange
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