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- Description
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- Facts & Features
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Street View
$1,660,470
Monthly Est:$8,265
3 Beds
3 Baths
8,360sqft
1024 Alvarado Dr SE #6, Albuquerque, NM 87108
$1,660,470
$8,265/moEst:
Get Pre-Approved
Multi Family
Built in 1955
$-- HOA
13,504 sqft lot
$199/sq.ft
Description
*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.
- Houzeo last checked: 12 hours ago
- Listing updated: July 22, 2026 at 2:04 am
- Listing Provided by: Luke Scarpa (505) 504-8883 DRE #REC20230302 | NAI SunVista Commercial RE (505) 878-0001
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1104005
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1955
HOA Fees
-
Finished Area
8,360 sqft
Lot Size
13,504 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1104005
MLS Status
Active
Days on Market
141
Cumulative Days on Market
54
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Interior
Cooling
Evaporative Cooling
Appliances
Dishwasher, Free Standing Gas Range, Refrigerator
Flooring
Vinyl
Heating
Wall Furnace
Construction
Year Built
Year Built: 1955
Home type
Multi Family
Property Condition
Resale
Utilities & Energy
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Disclosures
Lead Based Paint Disclosure, Ranm2100disclosure
Tenant Pays
Electricity, Gas
Community Features
Laundry Facilities
Subdivision Name
Virginia Place Addition
Price History
| Date | Event | Price |
|---|---|---|
06/12/2026 Source: | Listed for Sale | $1,660,470 $199/sqft |
06/09/2026 Source: | Pending | $1,660,470 $199/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 09, 2026, 02:30PM. 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 Service. © 2026 Greater Albuquerque Association of REALTORS®. All Rights Reserved.
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