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This 23-unit multifamily apartment building at 3226 Rufina in Santa Fe represents a core investment opportunity in a stable New Mexico submarket. Featuring a 6.37% cap rate, the property caters to the consistent demand for rental housing in the region. Santa Fe remains a central hub for regional tourism, government services, and a diversified local economy, driving steady occupancy trends across the local residential sector. Apartment assets of this scale provide investors with an efficient management profile while benefiting from the area's ongoing population growth and limited housing supply. The configuration of these units supports long-term tenant retention and potential for optimized operational performance. Whether utilized as a buy-and-hold strategy or a repositioning project, this asset offers significant utility within a balanced investment portfolio. Its location in the 87507 ZIP code connects residents to essential services and major transit corridors serving the greater Santa Fe area.
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