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720 School Espanola, NM $ 1,400,000
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$ 1,400,000 Get more info
720 School
$ 1,400,000
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720 School

Espanola, NM, 87532
$ 1,400,000
Baths0.0 Sq 6,756

Monthly Estimate*

$ 8,620

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Studio

Multi-Family Home for sale in Espanola, NM

for $1,400,000. This 6,756 square foot home was built in 1948 on a lot size of 0.56.

Incredible 7-unit investment opportunity in the heart of Española’s desirable westside neighborhood, nestled between the Rio Grande River and the Plaza. 720 School Street is fully occupied and has been extensively remodeled, offering a rare turnkey multifamily property with low/no maintenance ownership. Updates include new flooring, newer central heat and air conditioning, upgraded electrical and plumbing, newer kitchens with granite countertops, natural stone backsplash, stainless steel appliances, LED lighting throughout, newer stucco, metal roof, and updated windows. Each unit features its own in-unit laundry and outdoor space, plus designated parking. Residents also enjoy access to a shared 0.56-acre lot—ideal for relaxing or gathering. Condominium documents are complete and available for review, and ready to record, providing future flexibility for individual unit sales. Located approximately 20 miles from Los Alamos National Laboratory, this property offers strong rental appeal with excellent long-term investment potential.

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Multi-Family Active

Price

$ 1,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.56

Year Built

1948

Town/City

Espanola

County/Region

Rio Arriba

MLS | Web ID

202600611
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air Refrigerated
Utilities Other Separate Meters Electricity Available
Possession ClosingFunding
Roof Metal
Appliances Dryer Dishwasher Gas Cooktop Disposal Microwave Oven Range Refrigerator Water Heater Washer
Zoning R-1 2 3 4 5 6
Architectural Style Multi-Level One Story
Security Features Dead Bolt(s) Heat Detector Smoke Detector(s)
Construction Materials Adobe Block Stucco
Year Built 1948
Tenant Pays Cable TV Electricity Sewer Trash Collection Water
Levels Multi/Split
Property Subtype Apartment
Accessibility Not ADA Compliant
County Rio Arriba
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active
High School Espanola Valley High
City Espanola
Disclosures Lead Based Paint Disclosure
Zoning Description R5
Number Of Units Total 7
Lot Size Units Acres
Lot Size Square Feet 24393.6
Listing Terms Assumable Cash Conventional Item1031Exchange Other See Remarks
Elementary School Espanola
Middle/Junior High School Carlos F. Vigil Espanola Middle School
MLS Area Minor 31-Espanola
Lease Considered Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Property Sub Type Additional Apartment
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Interior
Interior Amenities Interior Steps
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 0.56
Building Area Total 6756
Lot Size Acres 0.56
Lot Size Source Public Records
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* Excluded Features
List By
Rachael L. Baca

Listing Agent

Logic Real Estate

Broker

rachaelsellsnewmexico@gmail.com

Email

Affordability Calculator

$8,620
Per Month
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Monthly Principal & Interest
$8,620
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Espanola Valley High High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/19/2026$1,400,000 Listed Price

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720 School, Espanola, NM, 87532 is a Multi-Family Home for sale at $1,400,000 with 6,756 sqft and a lot size of 0.56. 720 School is a studio with 0.0 baths and was built in 1948. The property's zip code is 87532 which is in Espanola, NM

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