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$619,900
2 Beds ⋅ 2 Baths ⋅ 1104605 MLS ⋅ 60 DOM
Spectacular Old Town Adobes on .25ac - Two Homes on One Property! A rare opportunity to own two lovingly restored adobe homes, showcasing authentic New Mexican charm and timeless character. Each home has been thoughtfully updated with respect for the original features. The homes features thick adobe walls, wood floors, vintage light fixtures and updated kitchens and bathrooms. Old Town charm is everywhere you look, from the bell above the Lomas home, the ristras, vintage wagons, custom tin outdoor lights and carved tree with Our Lady of Guadalupe. Endless possibilities for live or work combinations. Currently used as successful airbnbs, but have previously been an an art studio, small private school and a jewelry shop. Private gated entrance with ample parking. New roofs installed 4/26.

1913 Lomas Boulevard NW, Albuquerque
$469,000
8 Beds ⋅ 4 Baths ⋅ 1104528 MLS ⋅ 424 DOM
Attention investors! This Southeast Heights 4-plex is a fantastic opportunity to expand your investment portfolio. The property features four fully occupied 2-bedroom, 1-bath units, each with its own individual utility meter. Conveniently located near shopping, dining, and everyday amenities, this income-producing property offers strong rental appeal in a desirable location.

528 Alvarado Drive SE, Albuquerque
$298,000
2 Beds ⋅ 2 Baths ⋅ 1104442 MLS ⋅ 96 DOM
Prime UNM investment opportunity! This well-maintained pueblo-style duplex delivers steady income, modern upgrades, and unbeatable location appeal. Both units feature hardwood floors, open living/kitchen layouts, and private 1-bed/1-bath floorplans with access to a large, fully fenced backyard which could be divided. Major improvements include newer 3'' insulated stucco, TPO roof, double-paned windows, tankless water heaters, and mini-splits in both units--ideal for low maintenance and long-term efficiency. One unit is tenant-occupied; the other is freshly painted and ready to lease or occupy. Excellent rental history and strong demand in this high-performing area make this a smart, turnkey addition to any portfolio.

3518 Eastern Avenue SE, Albuquerque
$950,000
10 Beds ⋅ 5 Baths ⋅ 1104437 MLS ⋅ 171 DOM
SAWMILL DISTRICT INVESTMENT PACKAGE | 3 RENOVATED HOMES + DEVELOPMENT LOT Rare opportunity to own three fully renovated homes plus an additional development lot in Albuquerque's highly sought-after Sawmill District. Extensive updates include kitchens, bathrooms, flooring, roofing, windows, stucco, plumbing, water lines, electrical systems, and more. Ideal for investors seeking short-term rentals, long-term rentals, house hacking, multi-generational living, or future development potential. Conveniently located near Old Town, Sawmill Market, museums, dining, and Downtown Albuquerque. A unique opportunity offering immediate income potential, flexibility, and future upside in one of Albuquerque's most desirable neighborhoods.

1321 15th Street NW, Albuquerque
$619,887
1 Beds ⋅ 2 Baths ⋅ 1104393 MLS ⋅ 59 DOM
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. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.

2104 Lead Avenue SE, Albuquerque
$329,000
3 Beds ⋅ 3 Baths ⋅ 1104252 MLS ⋅ 61 DOM
Investor special in central Albuquerque! This versatile property offers strong potential for pad-split or rental income with multiple living areas and easy access to UNM, downtown, and I-25. Solid structure ready for updates--ideal for cash buyers or value-add investors seeking high ROI. Large lot with off-street parking and room for outdoor amenities. Great opportunity to create affordable housing or a profitable shared-living setup. Priced to move--don't miss this one!

427 Odelia Road NE, Albuquerque
$349,900
7 Beds ⋅ 4 Baths ⋅ 1104238 MLS ⋅ 68 DOM
This well-maintained 4-plex is an excellent investment opportunity with strong rental appeal and low-maintenance features throughout! Offering three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, this property is designed for easy ownership and tenant convenience. Recent improvements include a newer roof with warranty, newer fencing, and refreshed stucco surfaces for added peace of mind. Interiors feature durable flooring throughout with no carpet, making upkeep simple and cost-effective. All units equipped with electric systems for easier and more affordable repairs, plus stoves and refrigerators are included in every unit. Select units also offer washer hookups for added tenant convenience. A great addition to any investment portfolio with practical upgrades.

209 Texas Street NE, Albuquerque
$495,000
6 Beds ⋅ 3 Baths ⋅ 1104194 MLS ⋅ 66 DOM
Well maintained tri-plex located in a secluded pocket neighborhood close to KAFB, the VA Hospital, Nob Hill and UNM/UNMH. Excellent opportunity to add to your portfolio or start your portfolio. Each unit has two bedrooms, spacious living room, full bath, large kitchen, and a back patio area. Each unit has a detached storage unit in the back corner of the property for extra items. Each unit is individually metered for gas and electric. Owner pays water, sewer, and trash. One on-site parking spot and plenty of street parking. Sellers also own 4017 Thaxton SE, a tri-plex next door. Buy one property or both!

4021 Thaxton Avenue SE, Albuquerque
$1,739,530
1 Beds ⋅ 2 Baths ⋅ 1104004 MLS ⋅ 140 DOM
*Property is being sold as a package with 1024 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.

1008 Alvarado Drive SE, Albuquerque
$1,660,470
3 Beds ⋅ 3 Baths ⋅ 1104005 MLS ⋅ 140 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
$562,500
8 Beds ⋅ 4 Baths ⋅ 1103919 MLS ⋅ 172 DOM
*Now Selling Separate from 1225* 1225 & 1237 Menaul Blvd. NW present a strong value-add multifamily investment opportunity with a projected 6.44% pro forma cap rate and 100% occupancy as of May 2026. The properties feature an efficient unit mix comprised entirely of spacious 2-bedroom, 1-bath units, appealing to a broad tenant base. Several units have recently undergone interior renovations, creating additional upside through future rent growth and continued operational improvements. Unit amenities include refrigerated air, in-unit washer/dryer hookups, and private balconies or patios. Conveniently located near I-40, the properties offer quick access to Downtown Albuquerque, employment centers, and the Indian Pueblo Cultural Center.

1237 Menaul Boulevard NW, Albuquerque
$562,500
8 Beds ⋅ 4 Baths ⋅ 1103921 MLS ⋅ 172 DOM
*Now Selling Separate from 1237*1225 & 1237 Menaul Blvd. NW present a strong value-add multifamily investment opportunity with a projected 6.44% pro forma cap rate and 100% occupancy as of May 2026. The properties feature an efficient unit mix comprised entirely of spacious 2-bedroom, 1-bath units, appealing to a broad tenant base. Several units have recently undergone interior renovations, creating additional upside through future rent growth and continued operational improvements. Unit amenities include refrigerated air, in-unit washer/dryer hookups, and private balconies or patios. Conveniently located near I-40, the properties offer quick access to Downtown Albuquerque, employment centers, and the Indian Pueblo Cultural Center.

1225 Menaul Boulevard NW, Albuquerque
$499,999
9 Beds ⋅ 4 Baths ⋅ 1103768 MLS ⋅ 87 DOM
Rare South Valley investment opportunity on approximately half an acre with flexible income-producing potential. Property features 4 heated/cooled units, including a 5 bed/2 bath main home, a 2 bed/1 bath secondary home, and 2 additional detached units potential STR/offices/storage/etc. Ideal for investors, multigenerational living, rental income, assisted living potential, or creative workspace opportunities. Recent upgrades include HVAC, mini splits, electrical, plumbing, and new additions. Property is currently vacant, allowing immediate flexibility for the next owner. Ample room for RV parking, equipment, vehicles, or future expansion.

3102 Rosendo Garcia Road SW, Albuquerque
$269,900
4 Beds ⋅ 2 Baths ⋅ 1103756 MLS ⋅ 72 DOM
PRICE REDUCTION!!!! Great opportunity on this FULL OCCUPANCY and GREAT income producing property in SE Albuquerque. 2 very spacious units that have offstreet parking, an attached storage unit and tile flooring. Wonderful Investment with tenants that have a month to month lease.

520 Kentucky Street SE, Albuquerque
$575,000
4 Beds ⋅ 3 Baths ⋅ 1103607 MLS ⋅ 21 DOM
Step into a rare investment opportunity. This stunning remodeled fourplex features two separate buildings with two units in each, creating the ideal setup for long-term passive income. Major upgrades completed, including a brand-new roof, HVAC systems, water heaters, new appliances, fresh stucco, and upgraded electrical underway. Beyond the upgrades, the property offers an inviting gated front yard, landscaping, a private courtyard between both buildings, and covered carport parking with a space for each tenant. Whether you're expanding your portfolio or securing your first multifamily investment; this is the perfect opportunity for investors seeking a turnkey, income-producing property with modern improvements and long-term value.

1109 Coal Avenue SW, Albuquerque
$950,000
2 Beds ⋅ 1 Baths ⋅ 1103496 MLS ⋅ 75 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
$559,000
7 Beds ⋅ 5 Baths ⋅ 1103352 MLS ⋅ 116 DOM
Investor Opportunity!!! Discover this Fourplex residence in the heart of Albuquerque's highly desirable Northwest Valley. Situated on a generous lot, the property features multiple well-designed units, each thoughtfully equipped with in-unit washers and dryers--an attractive amenity for tenant's convenience and comfort. Covered parking adds even more value, enhancing tenant appeal and long-term retention. With strong rental potential and room to maximize returns, this property presents a unique chance to invest in a growing area while building lasting equity. Don't miss this versatile and income-producing gem in one of Albuquerque's most sought-after locations.

325 San Andres Avenue NW, Albuquerque
$510,000
8 Beds ⋅ 15 Baths ⋅ 1103323 MLS ⋅ 77 DOM
NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located acrossthe street from the Puerta del Sol Golf Course, the property features stunning mountain views over the golf course. It is also just 1 block from the future site of the Aviation Center for Excellence, it's less than 1/2 a mile from the Max Q Development, and it's just 2 miles east of the just- announced Lobo Crossing Retail Development.With 4 modernized, well-apportioned 2 Bed / 1 bath apartments and 4 detached storage units, the property presents a unique opportunity for a conventional investor looking for a solid asset with easy upside potential or an ideal chance for an owner interested in living in an updated apartment and completing the ultimate investment house hack.All apartments are separately metered for gas and electric and offer enclosed private patios or balconies. Apartments have been updated as they've come available over the last few years. A new roof was put on the building in Summer of 2026. A full renovation wasalso just completed on Unit D, which has been left vacant and available for potential owner occupants as well as for showings with pre-approved buyers.Expedite your appreciation by grabbing simple and easy low hanging value, including: an unused common laundry room ready for renovation and inherent additional income, easy pathways for creating large backyards on the two ground floor units, and 4 separate, detached storage units that can be rented to tenants or the public for additional income.The same seller also owns 1815 Girard SE and will be soon bringing it to market at $510,000 as well. It also boasts a new roof (2025) and has a vacant apartment available for showings and / or an own-er occupant. If an investor decides to purchase bothcommunities together, Seller will offer a portfoliodiscount of $10,000 - for a Sales Price of $1,010,000for both properties (8 units).

1809 Girard Boulevard SE, Albuquerque
$524,495
2 Beds ⋅ 2 Baths ⋅ 1103321 MLS ⋅ 80 DOM
Unique opportunity to own a quality, updated UNM 4-plex. Embedded in an area of redevelopment in the Knob Heights Neighborhood on the south side of Ridgecrest - walking distance to Castle Coffee, theSource Community Center, a Community Garden, multiple neighborhood parks, and just minutes to UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25.All 4 apartments have been modernized with care and an eye for resident comfort. Classic, well-preserved vintage finishes have been thoughtfully combined with all the right amenities -like in unit washer / dryers, very private yard spaces, & updated fixtures and finishes.All apartments are 1 bd / 1 ba floor plans at just over 660 SF. Building is nicely updated - Including new Roof in 2025!

1005 Carlisle Boulevard SE, Albuquerque
$483,995
4 Beds ⋅ 3 Baths ⋅ 1103320 MLS ⋅ 87 DOM
Unique opportunity to own a quality, updated UNM triplex! Embedded in an area of redevelopment in the Knob Heights Neighborhood on the south side of Ridgecrest - walking distance to Castle Coffee, theSource Community Center, a Community Garden, multiple neighborhood parks, and just minutes to UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25.All 3 apartments have been modernized with care and an eye for resident comfort. Classic, well-preserved vintage finishes have been thoughtfully combined with all the right amenities -like in unit washer / dryers, very private yard spaces, updated fixtures and finishes, garages, carport spaces, & bonus storage.

1003 Carlisle Boulevard SE, Albuquerque
$560,000
10 Beds ⋅ 6 Baths ⋅ 1103106 MLS ⋅ 82 DOM
This well maintained 6-unit investment property offers an excellent opportunity to own a centrally located income-producing asset with numerous recent capital improvements. Two sep. deeded triplexes. Recent updates include evaporative cooler, windows at 501 B & C, & 505 B, improving energy efficiency & tenant comfort. Several units feature tasteful remodeling & modern upgrades, including durable tile flooring, recessed lighting, & 80% energy-efficient furnaces in select units. Functional floor plans & courtyard-style layout appeal to tenants seeking convenience & affordability. Whether you're expanding your investment portfolio or entering multifamily ownership, this property offers strong income potential with meaningful upgrades. Newer roof in past few years at 501, 505 in past apprx 7yr

501-505 Mesilla Street SE, Albuquerque
$5,900,000
3 Beds ⋅ 3 Baths ⋅ 1103000 MLS ⋅ 84 DOM
Ocotillo Ridge is a 20-unit, townhome-style multifamily community completed in 2024 by a local architect anddeveloper, who self-developed the project with a focus on durable construction and efficient, functionallayouts. The property consists of twelve (12) two-bedroom units averaging approximately 1,056 square feet and eight (8) one-bedroom units averaging approximately 801 squarefeet. The community includes 20 secure on-site parkingspaces serving residents.The residences feature open-concept floor plans with polished concrete flooring, large window lines, and strongnatural light throughout both living and bedroom levels. Each unit includes oversized private patios or balconies thatexpand usable living area and enhance unit desirability.

140 Jefferson Street SE, Albuquerque
$518,800
6 Beds ⋅ 4 Baths ⋅ 1102986 MLS ⋅ 82 DOM
Marketing Flyer and Lead paint disclosure are in documents. Do not disturb the tenants. Property can be shown with 48hrs notice and proof of funds.

1200 Edith Boulevard SE, Albuquerque
$1,500,000
12 Beds ⋅ 12 Baths ⋅ 1102929 MLS ⋅ 1754 DOM
Exceptional investment opportunity! This modern 6-unit building, just two years old, showcases quality craftsmanship from an experienced builder/owner and delivers an impressive cap rate. Each unit is thoughtfully designed with contemporary finishes and efficient layouts, ensuring both style and durability. Currently operated as successful Airbnb rentals, this property offers strong, proven income potential and immediate cash flow. The building's newer construction minimizes maintenance costs while maximizing long-term value, ideal for investors seeking turnkey performance in a thriving short-term rental market. A rare chance to own a high performing income property built and managed with experience and attention to detail. 5 of 6 units are now cash flowing AirBnB units - See APOD

615 Iron Avenue SW, Albuquerque
$479,900
6 Beds ⋅ 4 Baths ⋅ 1102912 MLS ⋅ 189 DOM
Well maintained 4-plex in desirable NE Heights location! One vacant unit, 3 occupied. (2) 2 bed 1 bath units and (2) 1 bed 1 bath units. Tenants love the grassy and tree covered courtyard area, private parking spots and central location. Individually metered for electric and master meter for gas and water/sewer. Projected 6% CAP rate showing strong income potential and highly rentable area.

11009 Towner Avenue NE, Albuquerque
$479,990
6 Beds ⋅ 4 Baths ⋅ 1102911 MLS ⋅ 189 DOM
Well maintained 4-plex in desirable NE Heights location! All units currently occupied. (2) 2 bed 1 bath units and (2) 1 bed 1 bath units. Tenants love the grassy and tree covered courtyard area, private parking spots and central location. Individually metered for electric and master meter for gas and water/sewer. Projected 5.6% CAP rate showing strong income potential and highly rentable area.

11013 Towner Avenue NE, Albuquerque
$330,000
3 Beds ⋅ 2 Baths ⋅ 1102882 MLS ⋅ 54 DOM
Attractive 1590 SQFT Income Producing Duplex on Impressive Lot Near ABQ's High Demand North UNM Area. UNIT A: Leased, 957 SF, 2 BR, 1 Bath Front/Main House Offers a Roomy Floorplan, Hard Flooring, Ample Kitchen, Super Private Enclosed Patio and Exclusive Driveway Parking. UNIT B: Vacant 633 SF, 1 BR, 1 Bath Back ''Cottage'' w/ Incredible Natural Light, Wood Burning Fireplace, Large Open Patio, Big Back Yard, Shed and Exclusive Gated Parking from Alley. We Love the Location, Condition & Price Here! #B is in Move-In Ready Condition. Gas & Elec Separately Metered. Live in One, Rent the Other! Current Rent Income of #A is $1200/mo. Please Do Not Disturb Tenants or Walk On Property Without Appointment. View #A After Accepted Offer Only but You Can See #B Today! Sale As-Is.

619 Adams Street NE, Albuquerque
$299,900
6 Beds ⋅ 3 Baths ⋅ 1102852 MLS ⋅ 349 DOM
INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME AND ROOM TO GROW. This well-positioned tri-plex on Tennessee Street features three single-story units, each approx 750 sq ft with 2 bedrooms, 1 bath, and private yard space tenants love. Functional layouts include range and refrigerator, plus dedicated parking for added convenience. Tenant occupied for immediate cash flow, with strong rental appeal and upside potential. Whether expanding your portfolio or starting fresh, this property checks the boxes--don't miss your chance to secure a steady income producer!

325 Tennessee Street NE, Albuquerque
$444,444
6 Beds ⋅ 6 Baths ⋅ 1102234 MLS ⋅ 78 DOM
Property is being marketed using the BID process with a start price of $444,000. There is one date for tours 7/8 at noon and an offer deadline of noon on 7/9/2026With an average rent of $1,118 the metrics of investment performance are a GRM 8.29, 8.52% cap rate, IRR after tax 17.7%.This is the type of property that feels more like housing than apartments -- a feature many residents value.

12404 Rosemont Avenue NE, Albuquerque
$710,376
2 Beds ⋅ 2 Baths ⋅ 1102060 MLS ⋅ 60 DOM
On behalf of the Owners, NM Apartment Advisors and Arete Real Estate LLC Maestas Real Estate Services are excited to bring to market this core asset located at 1309 Virginia NE. Mid century design meets Beverly-Hills chic at Thirteen09. These units are stunners and unmatched in the market.The property is just east of the Winrock town center, and due north of the Presbyterian/Kaseman hospital/medical facilities and is walking distance to an abundance of restaurants and retail and biking distance to Trader Joes and the Apple store.This is an exceptional opportunity to acquire a well-maintained fourplex comprised entirely of spacious 2 bedroom / 2 bathroom units each flooded by natural light due to the unique interior courtyard designs.Taking offers up until Tuesday 4/28 at 5pm.

1309 Virginia Street NE, Albuquerque

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.