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For sale
    • $1,739,530

    1008 Alvarado Dr SE, Albuquerque, NM 87108

    1beds
    2baths
    6,090sqft
    : 
    $11,695/mo
    Get pre-qualified
    Multi Family
    Built in 1972
    -- sqft lot
    $-- Zestimate®
    $286/sqft
    $-- HOA

    What's special

    *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.
    66 days
    |
    97
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Luke Scarpa 505-504-8883,

    NAI SunVista Commercial RE 505-878-0001

    Source: SWMLS,MLS#: 1104004MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      Heating
      • Wall Furnace
      Cooling
      • Refrigerated
      Appliances
      • Included: Free-Standing Gas Range, Refrigerator
      Features
      • Flooring: Tile, Vinyl
      Interior area
      • Total structure area: 6,090
      • Total interior livable area: 6,090 sqft

      Property

      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: Landscaping
      Lot
      • Size: 0.56 Acres
      Details
      • Parcel number: 101805614017631710
      • Zoning description: R-MH*

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Resale
      • New construction: No
      • Year built: 1972

      Utilities & green energy

      • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
      Green energy
      • Energy generation: None

      Community & HOA

      Community
      • Features: Laundry Facilities
      • Subdivision: Virginia Place Add
      Location
      • Region: Albuquerque

      Financial & listing details

      • Price per square foot: $286/sqft
      • Tax assessed value: $542,537
      • Annual tax amount: $7,640
      • Date on market: 5/21/2026
      • Cumulative days on market: 59 days
      • Listing terms: Cash,Conventional,Owner May Carry
      • Total actual rent: 15310
      • Tenant pays: Electricity, Gas

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $818/mo

        Price history

        DateEventPrice
        7/8/2026Listing removed$750
        Source: Zillow Rentals Report a problem
        6/12/2026Listed for sale$1,739,530$286/sqft
        Source: SWMLS #1104004 Report a problem
        6/8/2026Pending sale$1,739,530$286/sqft
        Source: SWMLS #1104004 Report a problem
        5/21/2026Listed for sale$1,739,530$286/sqft
        Source: SWMLS #1104004 Report a problem
        3/20/2026Listed for rent$750+11.1%
        Source: Zillow Rentals Report a problem
        8/20/2024Listing removed--
        Source: Zillow Rentals Report a problem
        7/11/2024Price change$675+3.8%
        Source: Zillow Rentals Report a problem
        6/19/2024Price change$650+4%
        Source: Zillow Rentals Report a problem
        5/13/2024Listed for rent$625-7.4%
        Source: Zillow Rentals Report a problem
        11/30/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        11/17/2022Price change$675+8%
        Source: Zillow Rental Network Premium Report a problem
        11/3/2022Price change$625-1.6%
        Source: Zillow Rental Network Premium Report a problem
        10/25/2022Listed for rent$635
        Source: Zillow Rental Network Premium Report a problem
        10/5/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        9/13/2022Listed for rent$635
        Source: Zillow Rental Network Premium Report a problem
        7/29/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        7/26/2022Listed for rent$635+59.1%
        Source: Zillow Rental Network Premium Report a problem
        8/15/2012Listing removed$399
        Source: Sunrise South Apartments Report a problem
        7/17/2012Listed for rent$399
        Source: Sunrise South Apartments Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,641 +3.2%$180,827 +3%
        2024$7,407 +1.7%$175,561 +3%
        2023$7,284 +3.5%$170,448 +3%
        2022$7,039 +0.5%$165,483
        2021$7,006 -1.3%$165,483
        2020$7,098 $165,483
        2019-- $165,483
        2018$6,986 -0.7%$165,483 +0.2%
        2017$7,035 +0.1%$165,150
        2016$7,026 -95.7%$165,150 +0.8%
        2015$163,817 +2255%$163,817
        2014$6,956 $163,817 +1.4%
        2013$6,956 $161,517 +1%
        2012-- $159,977 +3%
        2011-- $155,318
        2010-- $155,318 +8.2%
        2009-- $143,541 +3%
        2008-- $139,361 +3%
        2007-- $135,302 +3%
        2006-- $131,362 +3%
        2005-- $127,536 +3%
        2004-- $123,821
        2003-- $123,821
        2002-- $123,821
        2001-- $123,821 -0.8%
        2000-- $124,854
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: South San Pedro

        Getting around

        75 / 100
        Very Walkable
        34 / 100
        Some Transit
        78 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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