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604 W Sanchez Street, Espanola
$160,000
1 Beds ⋅ 2 Baths ⋅ 202505217 MLS ⋅ 315 DOM
A truly unique adobe town home, perched on a small hill in Española, offers breathtaking views of the valley and the Sangre de Cristo Mountains. This property presents an exciting opportunity for a visionary buyer to transform it into an incredible home. Previously used as a beauty salon and massage parlor, the structure itself is remarkable. Its appeal lies in the semi-exposed adobe walls, beautiful plank flooring, and artistic walls, all awaiting a creative touch to make it a showcase residence. The original home was previously divided by a false wall, and into two separate units, each with its own front and back door. Removing this wall would easily restore the property to its original single-family configuration. The property currently features two bathrooms, one of which has been recently remodeled. Guests are welcomed by a charming porch bordered by small gardens. The front yard offers parking with a graveled pathway leading to the gardens and porch. The private backyard provides additional parking and ample secluded outdoor space. This is not a home for just anyone, but it is the perfect canvas for someone with vision.

604 W Sanchez Street, Espanola

1004 Nm 76, Espanola
$1,023,993
202503167 MLS ⋅ 471 DOM
This seven plex is well located in close proximity jobs, retail, restaurants, casinos and the world famous El Parasol and Rancho Chimayo Restaurants. Each of the units has it’s own laundry or shares with one additional unit. Most of the residences have their own private yard spaces and truly feel like separate cottages in a larger northern New Mexico familial compound setting. The property is a value-add opportunity if repositioned to take advantage of the announced 20,000 jobs, at the rate of 2,000 per year, at Los Alamos National Laboratories (LANL) that will spill in the surrounding towns, cities and counties. The subject property is located 22 miles to the front gate of LANL. This property is strategically located at one corner of the Los Alamos/Espanola/Santa Fe employment triangle, which boasts a population of 217,008, with a median age of 45 and an average household income of $101,364. The property is offered at $1,023,993, with measure of investment performance that include a price per unit of $144,285, price per square foot of $178.37, a GRM of 8.32 and a cap rate at 7.67 with an average rent of $1,539 per unit per month. Please review the 26 page flyer and Espanola housing summit reports. Do not miss out on this rare opportunity to buy into a market that offers northern NM architecture in a family compound that is poised on the cusp of phenomenal job growth.

1004 Nm 76, Espanola

55 Private Drive 1138, Espanola
$520,000
3 Beds ⋅ 2 Baths ⋅ 202503106 MLS ⋅ 473 DOM
BACK ON THE MARKET AT NO FAULT OF THE SELLER! Recent improvements include a new septic system and leach field, recent roof maintenance, and new gutters, downspouts, and rain barrels. Discover the charm of Northern New Mexico living in the highly desirable La Mesilla area. Situated on ¾ of an irrigated acre, this well-maintained home offers 3 bedrooms and 2 bathrooms, all conveniently located on the main level. The versatile upstairs space provides endless possibilities and can serve as a fourth bedroom, home office, art studio, or recreation room, complete with beautiful views. Outside, the spacious property features a 2-car attached garage, an attached carport, a detached 2 bay workshop, and an additional storage shed, offering abundant space for vehicles, hobbies, storage, or future projects. Surrounded by mature trees and plenty of room to garden, entertain, or simply relax, this property provides the perfect opportunity to create your own private oasis while enjoying the beauty and tranquility of Northern New Mexico.

55 Private Drive 1138, Espanola

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