3226 Rufina Street

Santa Fe, NM 87507

$3,041,053
Price
3
Beds
2
Baths
11,440 Sq. Ft.
$266 / Sq. Ft.
11,440
Sq. Ft.
$266
per Sq. Ft.
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Description

Excited to see this Apartment community come to market in the high-end tourism, 400 year old capital, high alpine skiing, arts, and cultural mecca of Santa Fe, NM. If you love Meow Wolf, this property is located a few hundred feet south at 3226 Rufina. The economic engine of Meow Wolf makes this an ideal asset to acquire under the rising tide raises all ships theory. The property contains a total of 23 units in 2 buildings built in the 1980s, with a small parcel of land for potential additional uses....Excited to see this Apartment community come to market in the high-end tourism, 400 year old capital, high alpine skiing, arts, and cultural mecca of Santa Fe, NM. If you love Meow Wolf, this property is located a few hundred feet south at 3226 Rufina. The economic engine of Meow Wolf makes this an ideal asset to acquire under the rising tide raises all ships theory. The property contains a total of 23 units in 2 buildings built in the 1980s, with a small parcel of land for potential additional uses. Historically a high barrier to entry market for new construction, the area has been identified as being short some 6,484 housing units. The community has partnered to bring more multifamily units on line than the Albuquerque area, but it’s not enough to satiate the resident demand. This has translated to high rent growth and the new construction is establishing a new ceiling on market rents ranging from $2,505 to $6,446 per month (you read that correct – there are a half dozen communities that the high end of their rent is between $2,505 to $6,446 per month!) This high barrier to entry market has some of the most expensive single-family housing in the country with an average price over $700,000. The community contains a range of units from small one bedrooms, averaging 432 sf to larger two bedroom units at 620sf. The lower floor units have a secure, double loaded corridor and the ground floor and upstairs units have their own private entrances. The property contains a common laundry room. The owner has furnished a couple of the smaller units to appeal to the traveling nurses/professional market. If you want to pay all cash, or obtain a new loan, the price is $3,041,153 – a 6.37% cap rate at the current average rents of $1,117, the measure of investment performance include a price per unit of $132,220, a price per square foot of $265.83 a GRM of 9.86 and a cap rate of 6.37%. If the rents are raised to market averages of $1,401, measure of investment performance improve to 7.86, and a cap rate of 7.45%

Do not miss out on this opportunity to invest in one of America’s most sought-after markets and receive a rare positive cash flow.
  1. Listed by Todd D. Clarke • NM Apartment Advisors, Inc.
    P: (505)-440-8633 C: (505)-440-8633 tclarke@nmapartment.com

Property Details for 3226 Rufina Street

Architectural Style
Multi Level
Zoning
R-1, 2, 3, 4, 5, 6
Zoning Description
R-21
LISTING UPDATED: 05/06/2026 10:28 AM

Property Details for 3226 Rufina Street

StatusActive
MLS #202502719
Days on Market322
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1984
CountySanta Fe County
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Location

Listing Courtesy of NM Apartment Advisors, Inc.
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Building Information for 3226 Rufina Street

Building/Complex3226 Rufina StFloor-Stories-Residences23Pet Policy-Pet Policy Details-Year Built1984Building Size-

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$15,154 per month

30 year fixed, 6.36% Interest

Principal and Interest

$15,154

Property Taxes

$0

HOA Dues

$0

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Property Information for 3226 Rufina Street

Summary
Location and General Information
  • Latitude: 35.65397288
  • Longitude: -106.00011269
  • MLS Area Minor: 4N-SF City Limit SWN
Taxes and HOA
  • Has Association: No
  • Parcel Number: 016010324
  • Tax Legal Description: T17N R 9E S33 .877 AC TR A & B
  • Universal Parcel Id: urn:reso:upi:2.0:US:35049:016010324
School Information
  • Elementary School: Ramirez Thomas
  • High School: Santa Fe
  • Middle Or Junior School: Ortiz
Parking
  • Has Garage: No
Property
Lot Information
  • Lot Size Acres: 0.88
  • Lot Size Area: 0.88
  • Lot Size Units: Acres
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 38202.0
Property and Assessments
  • Building Area Source: Survey
  • Building Area Total: 11440.0
  • Building Area Units: Square Feet
  • Documents Available: Aerial, Other, Plat, See Remarks, Survey
  • Property Sub Type: Apartment
  • Property Sub Type Additional: Apartment
  • Property Type: Residential Income
  • Universal Property Id: US-35049-N-016010324-R-N
  • Year Built: 1984
  • Year Built Details: property was built in phases.
  • Year Built Source: Assessor
Building Features
  • Accessibility Features: Not Ada Compliant
  • Construction Materials: Frame
  • Levels: Multi Split
Utilities
  • Sewer: Public Sewer
  • Utilities: Separate Meters
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Has Basement: No
  • Bathrooms Total Integer: 0
  • Cooling: Evaporative Cooling
  • Has Cooling: Yes
  • Has Fireplace: No
  • Heating: Electric
  • Has Heating: Yes
  • Interior Features: Interior Steps
Exterior Features
  • Roof: Built Up
Multi Family
Multi Family Information
  • Number Of Units Total: 23
Unit Information
Unit 1
  • Actual Rent: $1,107.00
  • Baths Total: 1
  • Beds Total: 2
  • Type: Two Bedroom
  • Units Total: 8
Unit 2
  • Actual Rent: $1,007.00
  • Baths Total: 1
  • Beds Total: 1
  • Has Leased: Yes
  • Type: One Bedroom
  • Units Total: 15
Rental
Rent Information
  • Has Lease Considered: No
  • Sale Or Lease Indicator: For Sale

Property History for 3226 Rufina Street

DateEvent & SourcePriceAppreciation
Jun 17, 2025

Listed (Active)

Santa Fe Association of REALTORS #202502719

$3,041,053—
DateEvent & SourcePrice
06/17/2025

Listed (Active)

Santa Fe Association of REALTORS #202502719

$3,041,053

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 3226 Rufina Street

This home is within Santa Fe Public Schools.
Rating
School
Type
Grades
Distance
Salazar Elementary School
Public - PK to 6
De Vargas Middle School
Public - 7 to 8
Capital High School
Public - 9 to 12
Desert Sage Academy
Public - K to 12
Rating
School
Distance
Salazar Elementary School
PublicPK to 6

De Vargas Middle School
Public7 to 8

Capital High School
Public9 to 12

Desert Sage Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3226 Rufina Street, Santa Fe, NM 87507

3226 Rufina Street is a multi-family home for sale in Santa Fe, NM 87507. This property was listed for sale on June 17, 2025 by NM Apartment Advisors, Inc., it's currently listed at $3,041,053. This listing's school district is Santa Fe Public Schools. Nearby schools include Salazar Elementary School, De Vargas Middle School and Capital High School. 3226 Rufina Street is a 3-bed, 2-bath, 11,440 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NM Apartment Advisors, Inc.

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 Compass and its related brokerages. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.