GreaterAlbuquerqueHomesNM.com Search Results

433 Mesilla & 437 (4 Lots) Street Se, Albuquerque

Historic Ownership Since 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

$1,739,530

*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 Dr Se, Albuquerque

1024 Alvarado Dr Se Unit APT 6, Albuquerque

$1,660,470

*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 Dr Se Unit APT 6, Albuquerque

$1,594,615

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 Rd Se, Albuquerque

$1,424,506

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 Dr Se, Albuquerque

$1,190,000

Exceptional opportunity to acquire a 14-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 7.70% 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.

613 Mesilla St Se, Albuquerque

$1,150,000

Commercial Opportunity, make money with this Great Property TOTAL RENTS INCOME 8,530.00 monthly, REC with 10% down , prime real estate gem. Opportunity. 90% Leased: With 5 units currently rented and 2 vacant units, you'll step into an instant revenue stream, offering a lucrative return on investment from day one.

6319-6407 Acoma Rd Se, Albuquerque

$1,144,491

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 St Se, Albuquerque

$999,565

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 Dr Se, Albuquerque

$800,000

Prime investment opportunity featuring two side-by-side fourplexes (8 total units)). Each 800 sq ft, 2-bed, 1-bath residence features an efficient floor plan with bright living space, full kitchen, and dedicated in-unit laundry hookups. This high-demand amenity eliminates shared laundry logistics, drives tenant retention, and supports premium rents.

401 & 405 Indiana St Se, Albuquerque

$800,000

Owner financing available! 21 unit apartment complex. Mixed Studio and 1 Bedrooms CO-Listed with Stephen Caruso, Caruso Realty LLC 505-459-8286

429 Chama St Se, Albuquerque

$798,456

Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a 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 7.37% 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.

635 & 637 Mesilla St Se, Albuquerque

$750,000

Welcome home to this spacious and beautifully designed seven-bedroom home offering room for everyone and everything. There are 2 primary suites, one up and one down. Large closets throughout & featuring three full bathrooms, two living areas, formal dining room and large well-appointed kitchen, this home is ideal for both everyday living and entertaining. The lush backyard is a private retreat filled with colorful flowers and the greenest grass you have ever seen. A charming gazebo, and an outdoor kitchen perfect for gatherings year-round. The 3 car garage provides ample storage & parking. Combing generous living spaces with exceptional outdoor amenities, this property offers comfort, functionality & endless possibilities.

6 Beds ⋅ 3 Baths

Welcome home to this spacious and beautifully designed seven-bedroom home offering room for everyone and everything. There are 2 primary suites, one up and one down. Large closets throughout & featuring three full bathrooms, two living areas, formal dining room and large well-appointed kitchen, this home is ideal for both everyday living and entertaining. The lush backyard is a private retreat filled with colorful flowers and the greenest grass you have ever seen. A charming gazebo, and an outdoor kitchen perfect for gatherings year-round. The 3 car garage provides ample storage & parking. Combing generous living spaces with exceptional outdoor amenities, this property offers comfort, functionality & endless possibilities.

1805 Bold Ruler Rd Se, Albuquerque

$704,000

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 St Se, Albuquerque

$550,000

Please contact listing broker for additional details. Do not disturb tenants

1 Beds ⋅ 1 Baths

Please contact listing broker for additional details. Do not disturb tenants

6406 N Cochiti Rd Se, Albuquerque

$550,000

Albuquerque's historic State Fair / EXPO NM. Multi-use property close to the NM State fair grounds is being sold jointly with adjacent property 6406 Cochiti (0.17 acres) 1 Bedroom, 1 Bathroom. Zoned C-3, the properties are being sold as-is. Please contact listing broker for additional details. Do not disturb tenants

3 Beds ⋅ 2 Baths

Albuquerque's historic State Fair / EXPO NM. Multi-use property close to the NM State fair grounds is being sold jointly with adjacent property 6406 Cochiti (0.17 acres) 1 Bedroom, 1 Bathroom. Zoned C-3, the properties are being sold as-is. Please contact listing broker for additional details. Do not disturb tenants

6404 N Cochiti Rd Se, Albuquerque

$529,650

Turnkey, fully occupied 6-unit investment opportunity! This professionally renovated 6-plex features six updated 1BR/1BA units with modern kitchens, tiled showers, LVT flooring, and fresh finishes throughout. Recent capital improvements include new mechanical systems and commercial-grade centralized gas tankless water heaters, helping minimize future maintenance. Strong in-place cash flow with approximately 7.6% cap rate at the current list price and excellent rental history. Ideal for investors seeking a stabilized, low-maintenance asset with immediate income. Please do not walk the property or disturb tenants. Showings by appointment only.

525 Mesilla St Se Unit 1-6, Albuquerque

$525,000

Offered at $525,000, this well-maintained triplex features two spacious 2bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each residence includes a large kitchen and an in-unit washer and dryer, while the 1-bedroom unit also offers a dishwasher and cozy fireplace. This is an attractive investment opportunity with practical layouts and desirable amenities for tenants.

4013 Thaxton Ave Se, Albuquerque

$522,720

This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire an amazing fourplex that was built by the same engineer/ developer who built the Trestle. What is the Trestle? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history. This fourplex is part of a larger 16 units (4 x fourplexes) community that was developed by Dr. Carl Baum as his primary residence while he worked at Kirtland Air Force Base. Dr. Baum was known as a world recognized expert on electromagnetic pulse phenomena. He designed and built this portfolio of apartments to be closer to work and model his lifestyle after his work ethic. Beyond this Property's rich history, residents love the upgraded & properly loaded 2 bedroom 1 bath floor plans with quality updates, solid surface flooring throughout, modern fixtures, full size washer / dryers in a separate utility closets, big courtyard spaces, and large & updated kitchens with all appliances -including dishwashers. Measures of investment performance include: at ask price of $522,720, $130,650 per unit, $138.87/sf, 6.92% before reserves CAP rate, a 6.75% after reserves cap rate, and an after tax IRR of 19.2%.

1315 Madeira Dr Se, Albuquerque

110-114 Indiana St Se Unit 1-7, Albuquerque

$500,000

High-yield investment opportunity with an 12% cap rate and owner financing available. This income-producing property offers multiple revenue streams on one parcel, including an updated duplex, an owned mobile home, and four additional mobile home pads with expansion potential. Duplex features a 1BR/1.5BA unit with walk-in closet and two fireplaces, plus a 3BR/2BA unit. Ideal for investors seeking immediate cash flow with future upside. Call for details.

110-114 Indiana St Se Unit 1-7, Albuquerque

$499,500

Welcome to this stunning Raylee home, perfectly situated on a premium lot with breathtaking, unobstructed mountain views. Offering 3,085 square feet of thoughtfully designed living space, this spacious residence features 5 generously sized bedrooms, 3 full bathrooms, and two separate living areas, providing plenty of room for entertaining and everyday living. The expansive kitchen is a chef's dream, complete with abundant counter space, ample cabinetry, and a reverse osmosis water filtration system at the sink. Its open-concept layout flows seamlessly into the dining area and family room, creating the perfect gathering space for family and friends. Rich hardwood flooring extends throughout the entire main level, adding warmth and timeless elegance. Upstairs, you'll find all five spacious bedrooms, including a luxurious primary suite featuring a cozy two-way fireplace that creates a relaxing retreat. A second fireplace in the main living area adds warmth and charm, making this home inviting year-round. Additional highlights include a three-car garage, professionally landscaped front and back yards, and numerous quality upgrades throughout. Ideally located just minutes from Sandia National Laboratories and Kirtland Air Force Base, this exceptional home offers the perfect blend of comfort, convenience, and style. With spectacular mountain views, generous living spaces, and an unbeatable location, this move-in-ready home is one you won't want to miss. Schedule your private showing today!

5 Beds ⋅ 4 Baths

Welcome to this stunning Raylee home, perfectly situated on a premium lot with breathtaking, unobstructed mountain views. Offering 3,085 square feet of thoughtfully designed living space, this spacious residence features 5 generously sized bedrooms, 3 full bathrooms, and two separate living areas, providing plenty of room for entertaining and everyday living. The expansive kitchen is a chef's dream, complete with abundant counter space, ample cabinetry, and a reverse osmosis water filtration system at the sink. Its open-concept layout flows seamlessly into the dining area and family room, creating the perfect gathering space for family and friends. Rich hardwood flooring extends throughout the entire main level, adding warmth and timeless elegance. Upstairs, you'll find all five spacious bedrooms, including a luxurious primary suite featuring a cozy two-way fireplace that creates a relaxing retreat. A second fireplace in the main living area adds warmth and charm, making this home inviting year-round. Additional highlights include a three-car garage, professionally landscaped front and back yards, and numerous quality upgrades throughout. Ideally located just minutes from Sandia National Laboratories and Kirtland Air Force Base, this exceptional home offers the perfect blend of comfort, convenience, and style. With spectacular mountain views, generous living spaces, and an unbeatable location, this move-in-ready home is one you won't want to miss. Schedule your private showing today!

1919 Cam Fella St Se, Albuquerque

545 Cardenas Dr Se Unit # 12-A, Albuquerque

$476,500

Here we have a total of -5- Rental Units in multiple Buildings on a single Lot as per the Bernalillo County Tax Bill. Some of the Units will need some work. The various Unit's Square Footage's are different. The entire complex is vacant and is to be SOLD AS-IS. Inquire for more detailed information.

545 Cardenas Dr Se Unit # 12-A, Albuquerque

$469,000

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 Dr Se, Albuquerque

$459,000

**Calling all investors! ** This 4-plex is a great opportunity to add to your portfolio. The property is **fully rented** and features four - 635 square foot 2-bedroom 1 bath units. Large, beautiful tile throughout and updated tiled bathrooms plus newer TPO Roof. Convenient location with easy freeway access and shopping. A great opportunity for a first-time investor or an experienced investor looking to expand their portfolio. Please do not disturb tenants.

229 Hanosh Ct Se Unit 4, Albuquerque

$450,000

ASSUMABLE LOAN WITH FAVORABLE RATE Beautifully updated and move-in ready, this home is located in the highly desirable Volterra community! Featuring a light, bright, and open floor plan, this well-maintained home offers multiple living areas, abundant natural light, and plenty of storage. The open kitchen is a standout, showcasing new quartz countertops, a large single-basin undermount sink, new stainless steel appliances, and a spacious island perfect for meal prep and gathering. Additional updates include a new light fixture package, an updated guest bathroom and upstairs bathroom, and a new primary bathroom vanity. Three of the four bedrooms feature walk-in closets, providing excellent storage and organization. The 200-amp electrical panel offers room for future expansion, and the water heater was replaced in 2023. A recent full roof tune-up adds peace of mind. Enjoy the backyard and the convenience of living near shopping, parks, hiking trails, Kirtland Air Force Base, Sandia National Laboratories, and easy freeway access. With thoughtful updates, flexible living spaces, and a desirable location, this home is ready to welcome its next owner!

4 Beds ⋅ 3 Baths

ASSUMABLE LOAN WITH FAVORABLE RATE Beautifully updated and move-in ready, this home is located in the highly desirable Volterra community! Featuring a light, bright, and open floor plan, this well-maintained home offers multiple living areas, abundant natural light, and plenty of storage. The open kitchen is a standout, showcasing new quartz countertops, a large single-basin undermount sink, new stainless steel appliances, and a spacious island perfect for meal prep and gathering. Additional updates include a new light fixture package, an updated guest bathroom and upstairs bathroom, and a new primary bathroom vanity. Three of the four bedrooms feature walk-in closets, providing excellent storage and organization. The 200-amp electrical panel offers room for future expansion, and the water heater was replaced in 2023. A recent full roof tune-up adds peace of mind. Enjoy the backyard and the convenience of living near shopping, parks, hiking trails, Kirtland Air Force Base, Sandia National Laboratories, and easy freeway access. With thoughtful updates, flexible living spaces, and a desirable location, this home is ready to welcome its next owner!

1923 Bold Ruler Rd Se, Albuquerque

$444,272

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 St Se, Albuquerque

$439,000

Better than new and barely lived in, this beautiful home offers peaceful views and exceptional privacy at the end of a quiet street on a private culdesac. Enjoy low-maintenance landscaping and a covered patio perfect for relaxing or entertaining. Inside, the open great room features granite countertops, stainless steel appliances, 20'' tile flooring, and wide-slat Levolor blinds for a modern, elegant feel. All appliances convey, including the washer, dryer, and owned water softener, plus the home is wired for an alarm system. Conveniently located near Sandia National Laboratories, KAFB, Costco, freeway access, scenic trails, a dog park, and a neighborhood park with a popular super slide! Move in ready in an exceptional neighborhood - this one has it all!

4 Beds ⋅ 2 Baths

Better than new and barely lived in, this beautiful home offers peaceful views and exceptional privacy at the end of a quiet street on a private culdesac. Enjoy low-maintenance landscaping and a covered patio perfect for relaxing or entertaining. Inside, the open great room features granite countertops, stainless steel appliances, 20'' tile flooring, and wide-slat Levolor blinds for a modern, elegant feel. All appliances convey, including the washer, dryer, and owned water softener, plus the home is wired for an alarm system. Conveniently located near Sandia National Laboratories, KAFB, Costco, freeway access, scenic trails, a dog park, and a neighborhood park with a popular super slide! Move in ready in an exceptional neighborhood - this one has it all!

2051 Silver Dollar St Se, Albuquerque

$435,000

Unique Dual-Residence Property with Extensive Commercial Parking Discover a one-of-a-kind opportunity that perfectly blends residential comfort with massive industrial utility. This expansive property features two attached homes and a reinforced yard capable of accommodating 5+ semi-trucks--ideal for owner-operators or savvy investors. Residence A: Features a generous open-concept layout including a kitchen, dining, and living area. Includes 2 bedrooms, 1 bathroom, a dedicated office space, a laundry room, and a 22'2'' x 12'3'' attached garage. Residence B: A secondary unit offering 2 bedrooms, 1 bathroom, and a functional kitchen/dining combo. Whether you're looking to run your business from home or generate dual rental income, this property offers unmatched versatility.

3 Beds ⋅ 2 Baths

Unique Dual-Residence Property with Extensive Commercial Parking Discover a one-of-a-kind opportunity that perfectly blends residential comfort with massive industrial utility. This expansive property features two attached homes and a reinforced yard capable of accommodating 5+ semi-trucks--ideal for owner-operators or savvy investors. Residence A: Features a generous open-concept layout including a kitchen, dining, and living area. Includes 2 bedrooms, 1 bathroom, a dedicated office space, a laundry room, and a 22'2'' x 12'3'' attached garage. Residence B: A secondary unit offering 2 bedrooms, 1 bathroom, and a functional kitchen/dining combo. Whether you're looking to run your business from home or generate dual rental income, this property offers unmatched versatility.

123 Charleston St Se, Albuquerque

$430,000

Great opportunity for an investor looking to add a four-unit property to their portfolio. This multifamily property features four 2-bedroom, 1-bath units, each offering a practical floor plan and its own private patio. Each unit has one designated parking space, while the property also offers the convenience of private outdoor space for residents. Heating is provided by wall-unit heaters, with swamp coolers located on the roof for cooling. The property does not currently offer on-site laundry. The roof has been recently serviced, although its exact age is unknown. The units have not had recent updates, providing an investor with the opportunity to improve and modernize the property while potentially increasing rents and long-term value. A solid opportunity for an investor seeking a multifamily property with four separate income-producing units and potential upside through future improvements. Pet deposit: $250 pet fee non-refundable $30 pet monthly pet rent Rent amounts: -Unit A&D $960 -Unit B $979 & starting 9/1 $1009 -Unit C $979 plus pet rent $25 Late fee: 5% of rent Roofing proposal (work is completed, proposal attached): $6,075

510 Mesilla St Se Unit 1-4, Albuquerque

$420,000

Excellent investment opportunity! This well-maintained 4-plex at 525 Kentucky St SE generates $2,300 /month in gross rental income. Unit mix includes four 1 bed/1 bath units. Features include off-street parking, private enclosed courtyards. A turnkey addition to any investment portfolio with strong cash flow. 521 Kentucky St SE is also for sale and can be bought together.

525 Kentucky St Se, Albuquerque

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