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$331,592
1 Beds 1 Baths 1109654 MLS 40 DOM
This well-maintained, charming courtyard-style triplex offers a unique combination of residential character, walkability and investment upside. Mature landscaping, brick walkways and an inviting shared colonnade courtyard give the property a warm residential feel, while off-street parking and private patio space add convenience and privacy.Solatube tubular skylights bring abundant natural light into the residences, creating bright and welcoming interiors. The property also offers dedicated buried tool and storage areas, providing additional secure storage for owner use.The owner has made a number of recent improvements, including a new roof in 2022, new driveways and sidewalks in 2024, and interior renovations.Apartment 533 #6 has been fully renovated and includes a dedicated laundry room with a built-in clothing rack. Additional units offer varying laundry amenities, including washer and washer/dryer hookups.From an investment perspective, there is meaningful room for continued income growth. Current rents average approximately $825, compared with projected market rents of approximately $975, providing an opportunity to increase revenue as rents move toward market.With a start price of $331,592, the property currently offers an 11.16 GRM and 6.11% cap rate, with additional upside as rents are brought closer to market.The owner also owns the adjoining property at 537 Valencia SE, creating an opportunity for a buyer interested in expanding their investment beyond this triplex.Residents are within walking distance of parks, restaurants and retail while enjoying the character and privacy of an established neighborhood.This is the type of property that feels more like housing than apartments--a quality many residents value and one that helps distinguish it from more traditional multifamily properties.Don't miss this opportunity to acquire a distinctive Albuquerque triplex with existing income, recent capital improvements and a clear path for future rent growth.

533 Valencia Drive SE, Albuquerque

$299,900
1 Beds 1 Baths 1109130 MLS 34 DOM
Welcome to your future condo perched on the northeast corner of Tijeras and Arno in the coveted Huning Highland Historic District! Whether you're looking for an easy, convenient, centrally located place to live, or are wanting to open a storefront, the opportunities this location provides are tremendous! Historically, this building served the Huning Highland neighborhood as the corner grocery store for decades. In 2005, a developer reconfigured the building into a 6 unit condominium association known as the Tijeras Artist Lofts Condominiums, and the unit you're seeing here is the cornerstone of that project.This unit in particular features high ceilings, tall industrial-grade double pane windows, and meticulous maintenance of the interior. Stainless steel appliances, granite countertops, and easy to maintain cherry look resin finished flooring polish this place off wonderfully.The bedroom's walk-in closet is well-appointed, with custom built-ins.The bathroom's radiant in-floor heating is an added perk for the chilly winter season.You'll love the close proximity to some of the best restaurants in Albuquerque - Farina Pizzeria, Artichoke Cafe, and Wolf & Swallow are a mere couple blocks away, with The Grove Cafe and Holy Burger just a couple more minutes. The Imperial Inn development has some incredibly tasty dining options as well.The Albuquerque Rapid Transit line runs just 4 blocks south, easily connecting you to Nob Hill, UNM, Uptown, and Old Town Plaza.Bottom line: If you're looking for easy living in the heart of East Downtown, blocks away from the best dining you could ask for, in a place that you don't need to lift a finger to do anything to in the imminent future, this is your place to call home.

401 Tijeras Avenue NE, Albuquerque

$410,000
1 Beds 2 Baths 1108144 MLS 49 DOM
Experience the best of Albuquerque from a location that truly has it all. Nestled between UNM, Nob Hill, and Downtown, this secure-access building places you in the center of the city's premier dining, entertainment, and cultural destinations. Enjoy everything from locally owned coffee shops and award-winning restaurants to breweries, boutiques, and live music venues. Spend an evening at the historic Guild Cinema or the beautifully restored KiMo Theatre, then explore the vibrant nightlife that makes Nob Hill and Downtown two of Albuquerque's most sought-after destinations.This location also offers exceptional convenience with quick access to the University of New Mexico, UNM Hospital, CNM, Kirtland Air Force Base, Sandia National Laboratories, Albuquerque International Sunport, and the city's major business districts. With nearby access to I-25 and I-40, traveling throughout Albuquerque is simple and efficient.When it's time to unwind, you'll appreciate your private patio overlooking the breathtaking Sandia Mountains--the perfect place to enjoy Albuquerque's famous sunrises, sip your morning coffee, or relax after a long day. Residents also enjoy access to a shared community patio, providing additional outdoor space to gather and enjoy New Mexico's beautiful weather.Outdoor recreation is just minutes away, with nearby golf courses, parks, the Bosque trail system, and countless hiking and biking opportunities in the Sandia foothills.If you're looking for a home that combines the peace of a controlled-access building, incredible mountain views, outstanding convenience, and one of Albuquerque's most desirable locations, this is an opportunity you won't want to miss.

3339 Central Avenue NE Unit 309, Albuquerque

$450,000
1 Beds 2 Baths 1104393 MLS 104 DOM
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality University area eight-plex to market.This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Located at 2104 Lead SE this eight unit community is property is walking distance to UNM and CNM, Smith's grocery store and dozens of restaurants, cafes, micro-breweries, & quality local retail--basically everything a young university student would need is close by!Start PriceThat start price is about the same as the average ABQ fourplex - metrics of investment performance at the ask price of $450,000 and with average rent at $750 include a price per sf of $169, a price per unit of $56,250, a GRM of 6.25, cap rate of 9.01% and an after-tax internal rate of return of 23.3%. If rents are raised to market average of $959, the measure of investment performance improve to a potential cap rate of 12.42%.BID Process/timelineThe property tour is noon on Tuesday, October 6th - register at (see flyer)(this also provide access to the confidential document center)Offer deadline is noon no Thursday, October 8th.

2104 Lead Avenue SE, Albuquerque

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