- 2 beds
- 1 bath
- 3,017 sqft
- 8,712 sqft lot
- $182 per sqft
- 1975 build
- – on site
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Awesome opportunity to own a far northeast heights four plex that has never been offered for sale since construction in 1975. Perfect for owner occupants or an investor looking for an upscale property with improvable rents. The property was built by a well-known Albuquerque home builder and has remained in his portfolio since its completion. The property consists of one 800 square foot unit with a back yard, and three 750 square units. All units are two bedrooms, one bathroom. All kitchens feature dishwashers and disposals. The larger unit has a retro wood burning fireplace! Current rents and expenses with a 5% allowance for vacancies and a 5% repair allowance result in a CAP rate of 5.0 and a GRM of 13.5. If rents were raised to $1250 a month the result is a CAP rate of 8.1 and a
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Last updated May 22, 2025
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MLS# 1074713 —
The Building
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Year Built:1975
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Builder Name:Lukens
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New Construction:false
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Construction Materials:Frame,Stucco
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Stories:1
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Levels:One
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Basement:false
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Building Area Total:3017.0
Interior
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Flooring:Carpet,Vinyl
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Fireplace Features:Option
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Laundry Features:WasherHookup,DryerHookup,InUnit
Room Dimensions
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Living Area:3017.0
Location
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Directions:From Tramway and Lomas, west to Nakomis, north on Nakomis to property.
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Latitude:35.088565
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Longitude:-106.502255
The Property
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Parcel Number:102205838908540411
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Property Condition:Resale
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Zoning Description:R-MH*
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Lot Size Acres:0.2
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:8712.0
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Lot Size Source:PublicRecords
Listing Agent
- Contact info:
- Agent phone:
- (505) 730-8934
- Office phone:
- (505) 717-3002
Taxes
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Tax Annual Amount:3003.08
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
Heating & Cooling
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Heating:Central,ForcedAir
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Heating:true
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Cooling:EvaporativeCooling
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Cooling:true
Utilities
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Utilities:CableAvailable,ElectricityConnected,NaturalGasConnected,PhoneAvailable,SewerConnected,WaterConnected
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Electric:None
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Green Energy Efficient:Construction
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Green Energy Generation:None
Appliances
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Appliances:Dishwasher,FreeStandingElectricRange,Disposal,Refrigerator
The Community
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Community Features:DeckPorch
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/10/25
Feb 10, 2025
|
Sold | SWMLS | $490,000 | -10.9% |
12/7/24
Dec 7, 2024
|
Pending | SWMLS | $550,000 | |
12/2/24
Dec 2, 2024
|
Listed / Active | SWMLS | $550,000 |