View All Latest Albuquerque 7500+ Sq. Ft. Properties for Sale

2 Beds ⋅ 3 Baths ⋅ 1111973 MLS ⋅ 21 DOM

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, and the Max-Q development providing convenient access to thousands of jobs in defense, technology, engineering and research. The property also benefits from sitting on the eastern edge of the Puerta Del Sol Public golf course.With a start price of $4,500,000 the property is being marketed well below the 2023 appraisal of $5,490,000 using the BID process. With current average rents of $615 per unit, the metrics of investment performance include a 7.63 GRM, 8.35% cap rate, 9.06% cash on cash and an out of the universe IRR.Portions of the property have an affordable housing component, which may convey with the property.Property offering timeline:- 10/21/2026 - noon - Wednesday - property tour (RSVP for each person required)- 10/22/2026 - noon - Thursday - offer deadline.Qualified investors can RSVP for the tour and access the confidential document center.Do not miss out on this once on a generation opportunity to own a large, golf course fronting and affordable apartment investment.

1325 Wellesley Drive SE, Albuquerque

$1,250,000

6 Beds ⋅ 3 Baths ⋅ 1111572 MLS ⋅ 32 DOM

Appropriate for owner/occupant, one unit has an extra family room with fireplace and approx 1200sf.This unique property is actually 2 fourplexes that are attached, but there are 2 lots under it, 2 UPC and 2 legal desc. This makes it possible to finance as 2 fourplex units for favorable terms. But this will only be sold as a single property. Ask questions if you're not sure how it all works. Wonderfully designed and constructed brick and pitched roof building has been well maintained. These are highly desirable apartment homes in a super convenient location. Most units are 925 sq ft with vaulted ceilings make them feel even larger. Private patios and yards. Carport for each unit plus a large storage room per each. Many units are recently refurbished with vinyl planking and tile. Please note that occupied units will only be shown with an accepted offer. Laundry room on site is not in service.

2632 Dakota Street NE, Albuquerque

$3,880,000

6 Beds ⋅ 7 Baths ⋅ 1110259 MLS ⋅ 245 DOM

One-of-a-kind custom built masterpiece and less than a yr old, this estate sits on nearly an acre on one of the city's most prestigious streets, showcasing unobstructed Sandia Mountains views. You're welcomed by a gated courtyard, custom-designed front door, open to cathedral ceilings with exposed beams, huge windows capturing stunning views. The kitchen features custom cabinetry, dual oversized islands, and a service pantry. There are 5 private en suites, an office, gym, and spacious laundry room with storage and 6 fireplaces. Resort-style grounds include a pool, spa, cabana, fire pit, pizza oven, built-in grill, lawn, covered and open patios. Nearly 4k SF of garage space with an Rv space and ample storage. C4 control system, wired for an elevator and generator. Luxury at it's best!

9400 Elena Drive NE, Albuquerque

$999,565

6 Beds ⋅ 3 Baths ⋅ 1109470 MLS ⋅ 69 DOM

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market this opportunity to purchase this 10-plex with two bedroom, one bathroom units. The property includes two fourplexes and one duplex.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.This 10-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Face-book, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.

1104 Palomas Drive SE, Albuquerque

$625,000

14 Beds ⋅ 8 Baths ⋅ 1109165 MLS ⋅ 35 DOM

Exceptional multifamily investment opportunity featuring a 10-unit apartment building with a desirable unit mix of (8) two-bedroom, one-bath units and (2) one-bedroom, one-bath units. This income-producing property offers multiple rental streams, strong tenant appeal, and an excellent opportunity for investors seeking to expand their portfolio with a well-positioned multifamily asset. Ideally located in Albuquerque's Southeast Heights, the property provides convenient access to major roadways, Kirtland Air Force Base, the University of New Mexico, Expo New Mexico, shopping, dining, and everyday amenities. The combination of location, unit diversity, and long-term value potential makes this an attractive investment opportunity. To minimize disruption to tenants, showings will be scheduled only after an accepted offer is in place. Contact the listing broker for additional information, including the rent roll, financial details, and property specifics.

225 Virginia Street SE, Albuquerque

$1,424,506

5 Beds ⋅ 3 Baths ⋅ 1108861 MLS ⋅ 77 DOM

The property features two-story town home style apartments, which are separately metered for gas and electric and come with bonus, updated detached storage closets. All apartments offer pragmatic floor plans that are significantly larger than other apartments in the submarket. Residents enjoy spacious, multi-functional living areas, galley kitchens with all appliances (including dishwashers), separate utility rooms with full size washers / dryers, and private outdoor living spaces. 804 & 808 Ortiz offers 2 bed / 1 bath floorplans while 812 Ortiz offers two 3 bed 1.5 bath floor plans and two 2 bed / 1 bath floor plans. Secured access courtyards provide lots of additional landscaped outdoor space for residents to enjoy. Many of the apartments have been completely renovated as well - with new appliances, new luxury vinyl plank & tile flooring, and new fixtures and finishes throughout. At list price, the Seller is open to seller financing with a 15% down payment, and 6% interest rate, 30 year amortization and 5 year call. A larger down payment can increase or extend the balloon period.Located on a vastly improved block with quick and easy access to parks, shopping, Nob Hill, I-40, Kirtland Air Force Base, and the new Albuquerque Community Services Headquarters. This unique 12-unit compound is the rare offering of flexible, multi-generational living opportunities, a solid income generating community with further value add potential, and quality secure, townhome style housing in an improving neighborhood.Metrics of investment performance at the ask price of $1,424,506 include a price per sf of $129, a price per unit of $118,709, and with current rents at $1,134 per month, it generates a GRM of 8.73, a cap rate after reserves of 6.86% and an after tax IRR of 15.10%.

808 Ortiz Drive SE, Albuquerque

$2,700,000

3 Beds ⋅ 3 Baths ⋅ 1108431 MLS ⋅ 68 DOM

802 Gold Avenue Southwest offers multifamily investors a strategic entry point into Albuquerque's downtown revitalization. The property occupies a central position on Gold Avenue Southwest, a key downtown corridor experiencing renewed commercial and residential activity. With downtown Albuquerque undergoing targeted investment and placemaking initiatives, this location captures emerging demand from both renters seeking urban convenience and investors targeting growth. Property includes on-sight laundry and an internal courtyard.

802 Gold Avenue SW, Albuquerque

433 Mesilla & 437 (4 lots) Street SE, Albuquerque

$2,323,232

3 Beds ⋅ 2 Baths ⋅ 1105475 MLS ⋅ 135 DOM

Historic OwnershipSince its original construction and development, the Four33/Four37 Apartments have had only a handful of owners.The owner with the longest period of stewardship and the original developer was Weldon ''Connie'' Alexander, who was the voice of the UNM Lobos for over a decade. Connie was a UNM athlete and inducted into the UNM Sports Hall of Fame in 2003. As a local lender, investor, landlord and community leader, he led the charge for the rebranding of this neighborhood to support Ta-Lin and the cultural diversity as the ''International District''.Measures of investment performance at the current asking price of $2,323,232 and with average rents of $755, include a low price per unit of $72,601, a price per square foot of $158, a GRM of 8.02, a cap rate of 6.33%, and

433 Mesilla & 437 (4 lots) Street SE, Albuquerque

$1,594,615

3 Beds ⋅ 2 Baths ⋅ 1104629 MLS ⋅ 146 DOM

potential cap rate of 11.1%Residents enjoy a soft-gated community entry and parking right in front of their apartments. They also love the pragmatic floor plans, including open kitchens with lots of counter space, inviting bar tops, and a mix of contemporary and well-preserved mid-century modern tilework and fixtures. Over-sized full bathrooms boast expansive mid-century modern built-ins and tile work - including nearly 10 feet of counter, vanity space, and built-ins. Recent apartment upgrades include thermal windows, updated fixtures, fresh paint, and quality Luxury Vinyl Plank flooring throughout. Recent community updates include a large and accommodating community laundry room (with free machines for residents) and multiple quality, secured communal outdoor spaces.

8600 Zuni Road SE, Albuquerque

1024 Alvarado Drive SE Unit APT 6, Albuquerque

$1,660,470

3 Beds ⋅ 3 Baths ⋅ 1104005 MLS ⋅ 231 DOM

*Property is being sold as a package with 1008 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.

1024 Alvarado Drive SE Unit APT 6, Albuquerque

$950,000

2 Beds ⋅ 1 Baths ⋅ 1103496 MLS ⋅ 166 DOM

At 1300 SF each, all 7 apartments are nicely updated two story two bedroom / one and a half Bathroom townhome style floorplans with well-apportioned rooms, separate large utility rooms (with Washer / Dryer hook ups or washer / dryer included), and giant living areas with woodburning stoves! All kitchens are nicely updated and include dishwashers and electric ranges. All apartments are also separately metered for gas and electric and offer forced central heating. 4 of the 7 apartments have been converted to refrigerated air!Potential upside includes conversion to a condominium community with a large spread between the current price of $135,714 per unit and the average ask price for $242,500 (per SWMLS report 5/12 - 2 bedroom units with 1,200 to 1,400 sf condos without garages.)

3505 Lafayette Drive NE, Albuquerque

$1,995,000

6 Beds ⋅ 7 Baths ⋅ 1100318 MLS ⋅ 227 DOM

Experience unparalleled luxury at the Salida Sandia Estate, a commanding 12,000 sq ft mansion set along the tranquil edge of the Valles del Oro National Wildlife Refuge. This world-class residence showcases 6 opulent bedroom suites, 7 spa-inspired baths, and a grand entertainer's layout highlighted by a full-service designer bar and a chef's kitchen appointed with top-tier appliances. Indulge in a private theater for cinematic experiences and unwind on a serene balcony capturing endless views of the Sandia Mountains and Rio Grande Bosque! Encompassed within a fully gated compound for ultimate privacy, this is a legacy estate defined by scale, sophistication, and distinction. Exquisitely reimagined stunning updates in an enchanting timeless design. 150k seller credits available!

800 Salida Sandia SW, Albuquerque

$4,550,000

5 Beds ⋅ 7 Baths ⋅ 1097798 MLS ⋅ 220 DOM

Privately gated ultra-estate of commanding presence, inspired by grand Italian and Spanish villas. This extraordinary mansion embodies architectural romance, elite craftsmanship, and resort-caliber living. A dramatic chef's kitchen, bespoke cabinetry, granite and quartz surfaces anchors the home. Five lavish bedroom suites and seven spa-inspired baths are complemented by a library, executive study, and expansive living spaces. Designed for elite entertaining with private theater, sports bar, recreation lounge, and a breathtaking courtyard featuring an exotic pool, dramatic second-story waterfall, fire features, and outdoor kitchen. The owner's sanctuary offers dual wardrobe suites and a private garden patio. The 8-car garage, pet suite and exercise studio complete this rare legacy estate.

10300 Signal Avenue NE, Albuquerque

$1,249,000

7 Beds ⋅ 6 Baths ⋅ 1094511 MLS ⋅ 350 DOM

Property is approved for Residential Financing if buyer qualifies! Step back in time to this historic Route 66 ranch-style 1940 home on 10.7 acres-first built on a 200-acre Tres Pistoles Canyon homestead amid granite boulders with historic visitors! A rare investment opportunity with 7 beds, 6 baths, 8,134 sq ft. Main house + 2 casitas, each with their own entry, private driveway, and beautiful courtyards! Breathtaking Sandia views & easy National Forest hiking access make you feel worlds away--yet minutes from I-40's Tramway/Central exit. Historical charm includes original kitchen cabinets, classic bathtubs/showers, flooring, rock fireplaces, wrought-iron porches, & built-in BBQ pits. Main floor has koi pond & privacy fence; lower back has shade trees.

24 Matisse Road NE, Albuquerque

$5,317,173

1 Beds ⋅ 1 Baths ⋅ 1092700 MLS ⋅ 294 DOM

CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits betw

419 Monroe Street NE, Albuquerque

$2,445,000

3 Beds ⋅ 3 Baths ⋅ 1092688 MLS ⋅ 382 DOM

Located at 3601, 3605 & 3609 Wellesley NE. The portfolio is easily managed from one central location that includes laundry room for the residents use. The property portfolio contains two studio units, thirteen one-bedroom units and six two-bedroom units.The portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.At the ask price of $2,445,000 and of based on the current average rents of $1,113 per month, the property's measures of investment performance include an 8.72 GRM, 7.39% cap rate before reserves, before tax IRR of 15.8% and an after-tax IRR of 12.97. If rents were raised to market average of $1,291, and even with a potential 3fold increase in property taxes, the measure of investment improve to a cap rate of 7.

3601 Wellesley Drive NE, Albuquerque

$5,600,000

8 Beds ⋅ 14 Baths ⋅ 202503759 MLS ⋅ 423 DOM

Tucked into the foothills of the Sandia Mountains and minutes from ABQ international airport, this 176+ acre retreat is a sanctuary for both people and wildlife. Miles of riding trails weave through natural habitats, giving you endless opportunities to explore on foot or horseback. Under dark, star-filled skies, you’ll enjoy a peace that feels a world away from the bustle of daily life. The French Country manor, with 5 bedrooms and over 14,000 sq ft of refined comfort, welcomes you with stone architecture, a slate roof, and warm, inviting interiors. The chef’s kitchen is perfect for entertaining with access to the front patio with breathtaking views and the indoor pool. Entertain in grand style in the formal living and dining rooms, unwind in the family room with a wet bar and game area, or relax by the pool framed with floor-to-ceiling windows. The primary suite occupies its own wing—complete with dual closets, a lavish bath, gym, workshop, craft room, and private office. A separate wing holds three guest suites each feature a living area, and upstairs bedroom. Equestrian amenities include an 18-stall raised center aisle barn with bathroom/tack. Two exterior 61' round pens, large hay barn, 31,000 sq ft indoor arena with bathrooms. Ride at high altitude for excellent training, then enjoy peak performance at lower elevations. Tennis court multiple garages and RV space complete the picture. A full guest house offers over 2,000 sq ft with 3 bedrooms, an office, open concept living spaces, and a 2-car garage—perfect for extended family or friends. Access to the estate is just off I-40 frontage road via a gated entry. Imagine waking up to the sound of songbirds, spotting deer grazing nearby, and watching the mountains turn gold in the morning light—all while being less than 20 miles from Albuquerque International Sunport and minutes from I-40. Coyote Springs Ranch offers the rare combination of total seclusion and easy access to city conveniences.

3150 Coyote Trail Se, Albuquerque

$5,600,000

8 Beds ⋅ 14 Baths ⋅ 1090509 MLS ⋅ 446 DOM

3150 Coyote Trail, Albuquerque

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The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Scarborough Realty Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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