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Listed price in listed location currency (USD).
$1,739,530

120

MLS® 1104004

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6090 sqft
Garage 
Taxes $7,641
Days Active 0
Lot Size 
Approx. Age 1972
Avg. Price Per Sqft $285
MLS® Number 1104004

Property Address: 1008 Alvarado Dr Se, Albuquerque, NM, 87108-4751

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

Description

*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.
MLS® Number1104004
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1972
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 21, 2026List Date
$1,739,530List Price
  • Commute

Commute

Starting Address
Destination Address
1008 Alvarado Dr Se, Albuquerque, NM

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