Rare opportunity to own a property with potential for 2 living units in the Historic Guadalupe neighborhood, just 2 blocks from the Rail Yard. This .14 acre lot features a fully renovated and updated 1 bedroom 1 bathroom casita on Lolita street. Turnkey home with full kitchen, quartz countertops, hardwood floors, kiva fireplace and Venetian plaster walls, and full bath with tankless water heater & deep soaking tub.Facing Paseo de Peralta are the remnants of an historic adobe home, built in the 1930s and owned by the Baca family. The adobe shell once surrounded an approximately 1500 sq foot house with a large below grade basement that is now ready for rehabilitation and revitalization. With its existing walls, garage / studio space and city utilities, this is an excellent opportunity for an infill project to build a second home in an ideal location within walking distance of restaurants, coffee shops, brew pubs, galleries, shopping, farmer's market, event spaces and more. Zoned R7-R8 and located just outside of the Historic District. With options for residential income and business opportunities, this surviving piece of history holds the key to a convenient and comfortable city center lifestyle with easy access to so many amenities. Schedule a private tour to see what makes this such a special site for a home in the heart of Santa Fe.