USANMAlbuquerquePlat of Shirley S Subdivision533 Valencia Dr Se

New

$331,592

For Sale

8 hours ago

533 Valencia Dr Se, Albuquerque, NM

Name: 533 Valencia Dr Se, For Sale in Albuquerque - eXp Realty
Brand: Maestas Real Estate Services
SKU: 1109654
Price: 331592 USD

House

MLS® 1109654

1 Bed

1 Bath

1929 sqft

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 1929 sqft

Garage

Taxes $3,090

Days Active 1

Lot Size 0.16 Acres

Approx. Age 1940

Avg. Price Per Sqft $171

MLS® Number 1109654

Property Address: 533 Valencia Dr Se, Albuquerque, NM, 87108-3776

Average square foot calculated using Size range provided by listing agent.

Description

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 537 #3 has been fully renovated and includes a dedicated laundry room with built-in cabinetry. 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 533 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.

MLS® Number1109654

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1940

Basement

Driveway

Garage Spaces

HeatCentral

A/CEvaporative Cooling

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 21, 2026List Date

$331,592List Price

Commute

Commute

Starting Address

Destination Address

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