#202502109, Benjamin Santana, Luke Cordova, Listing office: 1st Class Realty of Santa Fe
Property details
About 3226 Rufina
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. If you want to pay all cash, or obtain a new loan, the price is $3,041,153 – a 5.85% cap rate at the current average rents of $1,042, the measure of investment performance include a price per unit of $132,224, a price per square foot of $265.84 a GRM of 10.58 and a cap rate of 5.85%. If the rents are raised to market averages of $1,401, measure of investment performance improve to 7.86, and a cap rate of 7.49% 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.
Highlights
Home typeCondominium
HeatingElectric
StatusActive
CoolingEvaporative Cooling
Lot size0.88 Acres
Year built1984
MLS #202502719
Summary
- Basement: No
- Interior: Interior Steps
- Architectural Style: Multi-Level
- Heating: Electric
- Cooling: Evaporative Cooling
- List Price: $3,041,053
- Year Built: 1984
- Lot Size: 0.88 Acres
- MLS Number: 202502719
- MLS Name: SFAOR
- Office Name: NM Apartment Advisors, Inc.
- Office Phone: (505) 440-8633
- Office Email: tclarke@nmapartment.com
- Listing Agent: Todd D. Clarke
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/21/2025, 1:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
3
Kearny Elementary School
Public District PK-6
0.8 mi
•901 Avenida Campanas
5
Francis X. Nava Elementary School
Public District PK-6
1.0 mi
•2655 Siringo Rd
3
Salazar Elementary School
Public District PK-6
1.3 mi
•1231 Apache Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,882. The majority of Santa Fe, NM residents have income less than $<35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
66%
<35k
28%
35k-100k
3%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
18%
Single, with Kids
13%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
8%
12-17 yrs old
21%
18-34 yrs old
43%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Horse Races
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Stein Mart
Big Lots
Where do the neighbors go to eat?
White Castle
LongHorn Steakhouse
Golden Corral
What do the neighbors drive?
Chevrolet
Buick
Kia
What do the neighbors listen to?
Rock
Contemporary Inspirational
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Santa Fe, NM
Transportation in Santa Fe includes a network of roads and highways that connect residents to nearby cities and attractions. The city's public transit system provides routes that cover key areas, facilitating access to essential services and entertainment. While some neighborhoods are more walkable than others, the city as a whole is bike-friendly, with several trails and bike lanes available. Commuters and travelers benefit from the Santa Fe Regional Airport and the Rail Runner Express, which offers train service to Albuquerque. Recent initiatives aim to enhance the efficiency and accessibility of the city's transportation infrastructure.
The community is served by a robust educational system, including a variety of public and private schools that cater to different educational needs and preferences. Santa Fe also boasts several higher education institutions, enriching the local intellectual environment. Healthcare services are comprehensive, with facilities offering a range of medical care from primary to specialized treatments. The city's public library system supports lifelong learning and community engagement. Retail and dining options are plentiful, with local businesses and restaurants reflecting the unique cultural tapestry of Santa Fe.
Santa Fe prides itself on its vibrant arts scene and cultural diversity, which are central to the city's identity. The community is celebrated for its numerous galleries, art festivals, and the renowned Santa Fe Opera. The city's character is further enriched by its historical sites, including the Palace of the Governors and the Loretto Chapel, which attract both residents and visitors alike. The local cuisine, influenced by Native American and Spanish flavors, offers a unique culinary experience that is integral to the city's charm.
Santa Fe's housing market is characterized by a blend of traditional Pueblo-style homes and contemporary designs, reflecting the area's rich cultural heritage and modern growth. Single-family homes are prevalent, with a significant portion featuring the distinctive adobe construction that echoes the city's historic roots. The market also includes a selection of condominiums and townhouses, accommodating a range of lifestyle needs. While the majority of homes date back to the mid-20th century, there has been a steady influx of new developments to meet the demand of a growing population.
About 3226 Rufina
The listing price of 3226 Rufina property is $3,041,053.
The property 3226 Rufina is a condo located in Santa Fe, New Mexico, 87507.
Active Listing: 3226 Rufina is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3226 Rufina are: Kearny Elementary School (GreatSchools Rating 3/10), Francis X. Nava Elementary School (GreatSchools Rating 5/10), Salazar Elementary School (GreatSchools Rating 3/10), El Camino Real Academy (GreatSchools Rating 2/10), Edward Ortiz Middle School (GreatSchools Rating 4/10), Milagro Middle School (GreatSchools Rating 2/10), Santa Fe High School (GreatSchools Rating 5/10), New Mexico Connections Academy (GreatSchools Rating 3/10), Early College Opportunities (GreatSchools Rating 3/10).
The property at 3226 Rufina has 0 bathroom.
The year of construction for 3226 Rufina is 1984.
This home is located at 3226 Rufina in Santa Fe, NM and zip code 87507. Features: 0 bathroom. It has been listed on Rocket Homes since June 17, 2025 and is currently priced at $3,041,053.
Over 12 listings were sold over their listed price in June 2025 in Santa Fe, NM. In the same period over 88 listings were sold below the listed price and 39 listings were sold for the listed price. The inventory of homes for sale in Santa Fe, NM between May and June 2025 increased by 8%. In June 2025, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $650,000.
From Rocket Homes Real Estate and based on county public records data.