1116 Nakomis Drive NE, Albuquerque, NM 87112
- $539,900
- 7
- BD
- 5
- BA
- 3,458
- SqFt
- List Price
- $539,900
- MLS#
- 1110663
- Property Type
- Multifamily
- Bedrooms
- 7
- Bathrooms
- 5
- Sqft. of Residence
- 3,458
- Lot Size
- 11,456
- Region
- Northeast Heights
- Status
- ACTIVE
Property Description
Rare Northeast Albuquerque fourplex offering the kind of upside investors want without the heavy renovation budget. This well-kept property shows very little deferred maintenance, allowing a new owner to focus on operations and long-term income rather than immediately pouring capital into the property. One-year leases are currently in place, while existing rents are collectively approximately 34% below estimated market rents, creating meaningful future income and value-add potential.Major property components have been well maintained, including a parking lot repaved in 2025, roofs estimated at approximately 10 years old, and a water heater estimated at approximately 10 years old. Additional features include each unit has its own storage room, mature, well-kept landscaping, vinyl thermal double-pane windows, and a combination of vinyl plank and carpet flooring.Unit A stands out as a spacious 3-bedroom residence with its own washer and dryer, while the remaining three units have access to a convenient common laundry room.Located in an established Northeast Albuquerque neighborhood near shopping, dining, public transit, employment corridors and the Sandia Foothills, this property offers the combination of location, existing income and future upside that can be difficult to find.This is not a renovation-heavy value-add project. It is an opportunity to acquire a stabilized, well-maintained fourplex with relatively low entry CAPEX and build long-term income by improving operations and capturing the existing rent gap over time. A strong buy-and-hold opportunity for an investor looking for durable Albuquerque real estate with room to grow.
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Additional Information
- County
- Bernalillo
- Subdivison
- Unit 3 Panorama Heights
- Acres
- 0.26
- Exterior Features
- Sprinkler/Irrigation
- Appliances
- Dryer, Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer
- Construction
- Frame, Stucco
- Cooling
- Evaporative Cooling
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Forced Air, Wall Furnace
- Owner Pays
- Other, See Remarks, Water
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Zoning
- PD*
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Listing courtesy of Joshua D Christensen from Realty One of New Mexico
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.