This charming walled adobe triplex is in a serene, yet central neighborhood with plenty of available street parking. Enter the front gate to a roomy courtyard with shade trees. Once inside the front gate, a classic portal stretches across the building. This nicely maintained property consists of two smaller units in the front building and a large detached casita tucked away in back. All units have their own separate gas and electric meters.All three units have desirable amenities such as multiple mini-splits for both heating and cooling, washer/driers, wood floors and rustic Santa Fe accents. Each front unit has one bedroom, one bath, living room, kitchen and decorative kiva-style fireplaces, The detached casita (Unit C) is a roomy approximately 1174 sf. This light-filled one bedroom casita has a large living room with flagstone floors, a working woodstove set into a masonry fireplace with built-in live-edge wood shelving and high beamed ceilings. There is a spacious eat-in kitchen and a bonus room that could be an office or media room. There are three mini-splits, a separate storage shed, along with two off street parking spaces. Stroll to the Tune-up Café around the corner. The Railyard Arts District, the Farmer’s Market, Whole Foods and the Historic Plaza are just minutes away. This sweet, easy-to-rent property is a sound investment and each is presently leased. Could be month-to-month or converted to short-term rentals with owner occupation in the back.
For sale
Price cut: $100K (6/26)
$875,000
537 Kathryn Ave, Santa Fe, NM 87501
3beds
3baths
2,464sqft
Est.:
Triplex, Multi Family
Built in 1937
-- sqft lot
$-- Zestimate®
$355/sqft
$-- HOA
What's special
Masonry fireplaceBonus roomDecorative kiva-style fireplacesWorking woodstoveClassic portalSpacious eat-in kitchenHigh beamed ceilings
- 80 days
- on Zillow |
- 664 |
- 30 |
Zillow last checked: 7 hours ago
Listing updated: June 26, 2025 at 01:20pm
Listed by:
Cary Spier 505-690-2856,
Santa Fe Properties 505-982-4466,
Deborah Bodelson 505-660-4442,
Santa Fe Properties
Source: SFARMLS,MLS#: 202501809
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
- Bedrooms: 3
- Bathrooms: 3
Heating
- Ductless, Fireplace(s), Natural Gas, Stove
Cooling
- Ductless, Refrigerated
Appliances
- Included: Dryer, Disposal, Oven, Range, Refrigerator, Washer, ENERGY STAR Qualified Appliances
Features
- No Interior Steps
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,464
- Total interior livable area: 2,464 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 11923328
- Zoning: R-1, 2, 3, 4, 5, 6
- Zoning description: SRES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Triplex, Multi Family
Materials
- Adobe, Frame, Stucco
- Roof: Membrane
Condition
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other, See Remarks, Electricity Available
Green energy
- Water conservation: Low-Flow Fixtures
Community & HOA
Community
- Security: Dead Bolt(s), Heat Detector, Smoke Detector(s)
HOA
- Has HOA: No
- Amenities included: Storage
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $355/sqft
- Tax assessed value: $519,556
- Annual tax amount: $3,033
- Date on market: 5/19/2025
- Listing terms: Cash
- Tenant pays: Cable TV, Electricity
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