1045 Don Diego Avenue, Santa Fe, NM 87505

This income potential, light commercial or residential use property can function as one large home, two separate residences/rentals or a live/work setup. With an established rental history and an operating successful business, it presents a unique opportunity for investors, entrepreneurs, or those seeking a flexible lifestyle in one of Santa Fe’s most desirable areas.
Located in the South Capitol neighborhood and the Wood Gormley School District, this charming and versatile 3-bedroom, 2-bath, 1,771-square-foot condo offers flexibility, comfort, and business income opportunity.

This upgraded home features classic Santa Fe style with Saltillo and Talavera tile, reclaimed oak wide-plank flooring, French doors, skylights, beams, and a kiva fireplace. The main level includes open living and dining areas that flow into a remodeled kitchen and a sunny south-facing courtyard—perfect for entertaining or relaxing. Upstairs, two bright bedrooms and a full bath offer comfortable private spaces. The attached unit on the first floor has its own private gated entrance, kitchen/living space, bedroom, flex room, and ¾ bath, making it ideal for guests, tenants, or a separate small business.

Additional highlights include mini-splits, a new furnace, private laundry area, extra storage, and dedicated parking spaces. Conveniently located near downtown, South Capitol Rail Runner station, Clafoutis, Trader Joe’s, parks and many of Santa Fe’s best restaurants, this property blends charm, versatility, and location in a way that’s rarely available.