Refine Search
Sort by
533 Valencia Drive SE, Albuquerque
$331,592
1 Beds ⋅ 1 Baths ⋅ 1109654 MLS ⋅ 87 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

217 General Stilwell Street NE, Albuquerque
$425,155
7 Beds ⋅ 4 Baths ⋅ 1109537 MLS ⋅ 87 DOM
The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, providing convenient access to thousands of jobs in defense, technology, engineering and research. The area also benefits from proximity to Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurantsand public transportation. Albuquerque continues to experience significant public and private investment, with expansion from Netflix, Meta, Intel, Amazon and other major employers strengthening the metro's economy and supporting continued housing demand. Priced below the market average for comparable fourplex sales, 217 General Stilwell offers investors an attractive basis, strongemployment fundamentals and long-term potential for appreciation and rent growth. Don't miss this opportunity to acquire a well-positioned multifamily investment in one of Albuquerque's established rental corridors. With a start price of $425,155 and an average rent of $918 the metrics of investment performance are a GRM 9.65, 7.28% caprate, IRR after tax 14.5%. This is the type of property that feels more like housing than apartments -- a feature many residents value.

217 General Stilwell Street NE, Albuquerque

1104 Palomas Drive SE, Albuquerque
$999,565
6 Beds ⋅ 3 Baths ⋅ 1109470 MLS ⋅ 70 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

512 Mesilla Street SE, Albuquerque
$389,160
8 Beds ⋅ 4 Baths ⋅ 1109467 MLS ⋅ 31 DOM
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market such a well-priced, updated 4-plex with sizeable two bedroom, one bathroom units and secured courtyard entry.Recent building modernization includes: new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers, new evaporative cool-ers, updated electrical, wrought iron security fencing, updated toilets, as well as more recent updates to some of the mechanical systems on the property.Exceptional and very rare opportunity for such a well-updated 4-plex priced with an 8 Cap and nearly a 10% cash on cash return for an owner occupant or a 7.2Cap for an investor with professional property management.

512 Mesilla Street SE, Albuquerque

1303-1305 Iron Avenue SW, Albuquerque
$275,000
1 Beds ⋅ 1 Baths ⋅ 1109233 MLS ⋅ 87 DOM
Both units are tenant occupied. Property tours will be held for pre-qualified buyers only on August 22nd and August 29th from 1-3 pm. Located just minutes from Downtown Albuquerque and Old Town, the property is within walking distance of Rio Grande Pool, Rio Grande Park, the ABQ BioPark Zoo and nearby neighborhood amenities. It also offers convenient bicycle access to Downtown, Old Town Plaza and the extensive trail system along the Bosque and Rio Grande.Offered at $275,000, or $137,500 per unit, the property provides an attractive entry point into Albuquerque's multifamily investment market. Current underwriting reflects a 6.19% cap rate, with projected rent growth providing additional upside.The property features two one bedroom/one bathroom units. The extra lot contains 0.1618 acres with alley access and space for additionalbuilding(s).Do not wait, apartments continue to show strong appreciation coupledwith high rent growth potential from all of the new Amazon, Facebook,Intel, and Netflix jobs entering the market.

1303-1305 Iron Avenue SW, Albuquerque

225 Virginia Street 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

907 Silver Avenue SW, Albuquerque
$789,000
5 Beds ⋅ 6 Baths ⋅ 1109166 MLS ⋅ 75 DOM
Gorgeous Historic Bungalow 2 story + 3 rental units in the heart of Downtown ABQ! The 2120SF Main home offers Old World Charm with Modern-day Conveniences including an updated Dream kitchen with custom cabinets, SS appliances, granite and a huge island! Enter thru the sunny foyer to find an open concept with soaring ceilings, custom fireplace, 2 primary suites (1 up & 1 down) a half bath with laundry and a bonus office/loft space! There is also a basement with 2 more huge bonus rooms for the main home and separate room with laundry for the rentals. The 3 cozy 1 bd 1 ba apartments include one attached to the main house and 2 in the back unit. The inviting outdoor spaces offer beautiful grounds with lots of garden areas and multiple decks with views of the downtown skyline! There is a one car garage and gated off street parking for 2 cars plus a bonus studio! This amazing property could be a perfect owner occupied investment opportunity or rent all 4! This is a solid investment property in a sought after location close to Downtown business, dining and entertainment! Owner Financing Possible. Great Terms! Call for details!

907 Silver Avenue SW, Albuquerque

5201 Grande Drive NW, Albuquerque
$350,000
5 Beds ⋅ 2 Baths ⋅ 1109136 MLS ⋅ 77 DOM
Great MULTI-GENERATIONAL LIVING or INVESTMENT OPPORTUNITY! This versatile North Valley property features two attached residences with separate entrances, each separately metered for gas and electric. The front residence offers 2 bedrooms, 1 full bath, and beautiful wood floors. The rear residence features 3 bedrooms, 1 bath, and a large living area. A large gated side yard provides backyard access and additional outdoor space. Ideal for multi-generational living, an investment property, or the opportunity to live in one residence while renting the other. Renovated in 2021, including a new roof, electrical updates, flooring, and many more updates! Conveniently located with easy access to Downtown Albuquerque, shopping, dining, and other North Valley amenities.

5201 Grande Drive NW, Albuquerque

808 Ortiz Drive SE, Albuquerque
$1,424,506
5 Beds ⋅ 3 Baths ⋅ 1108861 MLS ⋅ 78 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

631 & 633 Mesilla Street SE, Albuquerque
$704,000
3 Beds ⋅ 3 Baths ⋅ 1108552 MLS ⋅ 87 DOM
Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath , catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 9.91% cap rate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market.A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental income and reducing collection risk.The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep, resulting in solid operations and tenant stability

631 & 633 Mesilla Street SE, Albuquerque

236 San Pablo Street NE, Albuquerque
$325,000
5 Beds ⋅ 4 Baths ⋅ 1108518 MLS ⋅ 84 DOM
4-unit multifamily investment located in a rapidly improving corridor of Northeast Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a high cap rate, strong cash-on-cash returns, and durable demand from long-term workforce tenants.The surrounding neighborhood has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use construction nearby. These improvements support long-term appreciation while maintaining strong rental demand.The asset is a C-class, workforce housing property, which historically performs well through market cycles due to affordability, necessity-driven demand, and tenant longevity. Current tenants are stable, long-term residents.

236 San Pablo Street NE, Albuquerque

616 & 618 Mesilla Street SE, Albuquerque
$444,272
2 Beds ⋅ 4 Baths ⋅ 1108479 MLS ⋅ 87 DOM
Exceptional opportunity to acquire a 6-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of studios/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 8.74% caprate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market. A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental income and reducing collection risk. The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep, resulting in solid operations and tenant stability.

616 & 618 Mesilla Street SE, Albuquerque

609 Mesilla Street SE, Albuquerque
$1,144,491
9 Beds ⋅ 7 Baths ⋅ 1108384 MLS ⋅ 87 DOM
Exceptional opportunity to acquire a 13-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 8.35% cap rate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market.A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental income and reducing collection risk.The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep, resulting in solid operations and tenant stability

609 Mesilla Street SE, Albuquerque

2810 Vail Avenue SE, Albuquerque
$522,500
8 Beds ⋅ 4 Baths ⋅ 1108204 MLS ⋅ 89 DOM
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located across the street from the Puerta del Sol Golf Course, the property has stunning mountain views over the golf course.Welcome to 2810 Vail SE - a classic south UNM 4-plex close UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the ABQ sunport, and I-25.Each 2 Bedroom / 1 Bath Apartment is separately metered for gas and electric and boasts secure & a very private patio or balcony space as well as washer/dryer hookups. All units have been modernized over time and feature quality contemporary lighting accents, solid surface flooring, mechanical system updates, and large kitchens with pragmatic bars that are perfect for entertaining or flexible additional workspace. The property also has a newer TPO Roof with transferable warranty and updated / recent evaporative coolers.

2810 Vail Avenue SE, 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.

How much is your home worth?

Get instant property value now!