12 unit apartment complex for sale! back to market! Price has been lowered $220K, motivated seller priced to sell! The property is turn-key with over $200K in capex put into the property. All of the major components have been replaced/updated. Property consists of 9 top to bottom rehabbed units, newer windows, roof, electric panels, exterior paint, all new AC units, and newer wall heaters as well. Property brings in a total of $8,420 in rent monthly and has low operational costs.
Sold
Price Unknown
1028 Alvarado Dr SE, Albuquerque, NM 87108
13beds
12baths
--sqft
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$--/sqft
$1,052 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,052/mo
Zestimate® history
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List your homeWhat's special
Off-street tenant parkingExterior paintNewer windowsNewer wall heatersElectric panelsNew ac units
Zillow last checked:
Listing updated:
Listed by:
Trey W. Whaley 505-269-1824,
R1 Commercial
Bought with:
Paige Cochran, 50939
Keller Williams Realty
Source: SWMLS,MLS#: 1058187
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 12
Heating
- Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator, Range Hood
Features
- Flooring: Carpet, Tile
- Has basement: No
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping, Lighting
Lot
- Size: 0.37 Acres
Details
- Parcel number: 101805614015331714
- Zoning description: MX-M*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1955
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Connected, Water Available, Water Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $277,551
- Annual tax amount: $3,600
- Date on market: 3/4/2024
- Cumulative days on market: 230 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas, Water
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2025 | Sold | -- |
Source:  SWMLS #1058187 Report a problem | ||
| 1/6/2025 | Pending sale | $1,030,000 |
Source: SWMLS #1058187 Report a problem | ||
| 11/13/2024 | Price change | $1,030,000-8.8% |
Source: SWMLS #1058187 Report a problem | ||
| 9/10/2024 | Pending sale | $1,129,000 |
Source: SWMLS #1058187 Report a problem | ||
| 7/31/2024 | Price change | $1,129,000-4.2% |
Source: SWMLS #1058187 Report a problem | ||
| 7/17/2024 | Pending sale | $1,179,000 |
Source: SWMLS #1058187 Report a problem | ||
| 5/31/2024 | Price change | $1,179,000-5.7% |
Source: SWMLS #1058187 Report a problem | ||
| 3/5/2024 | Listed for sale | $1,250,000+78.6% |
Source: SWMLS #1058187 Report a problem | ||
| 8/27/2021 | Sold | -- |
Source: SWMLS #987249 Report a problem | ||
| 7/12/2021 | Pending sale | $700,000 |
Source: SWMLS #987249 Report a problem | ||
| 3/9/2021 | Listed for sale | $700,000 |
Source: SWMLS #987249 Report a problem | ||
| 7/29/2017 | Listing removed | $450 |
Source: Zillow Rental Manager Report a problem | ||
| 4/17/2017 | Listed for rent | $450+12.5% |
Source: Zillow Rental Manager Report a problem | ||
| 5/1/2013 | Listing removed | $400 |
Source: Gilbert Rodriguez & Associates Report a problem | ||
| 10/23/2012 | Listed for rent | $400 |
Source: Gilbert Rodriguez & Associates Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,909 +3.2% | $92,507 +3% |
| 2024 | $3,789 +1.7% | $89,814 +3% |
| 2023 | $3,726 | $87,198 +3% |
| 2022 | -- | $84,658 |
| 2021 | $3,584 -1.3% | $84,658 |
| 2020 | $3,631 | $84,658 |
| 2019 | -- | $84,658 |
| 2018 | $3,579 -0.7% | $84,658 |
| 2017 | $3,606 +0.1% | $84,658 |
| 2016 | $3,602 -95.7% | $84,658 +0.9% |
| 2015 | $83,925 +2255% | $83,925 |
| 2014 | $3,564 | $83,925 -1% |
| 2013 | $3,564 | $84,795 |
| 2012 | -- | $84,795 |
| 2011 | -- | $84,795 |
| 2010 | -- | $84,795 +9.4% |
| 2009 | -- | $77,508 +3% |
| 2008 | -- | $75,251 +3% |
| 2007 | -- | $73,060 +3% |
| 2006 | -- | $70,932 +3% |
| 2005 | -- | $68,866 +3% |
| 2004 | -- | $66,860 |
| 2003 | -- | $66,860 |
| 2002 | -- | $66,860 |
| 2001 | -- | $66,860 +0.2% |
| 2000 | -- | $66,727 |
Find assessor info on the county website
Neighborhood: South San Pedro
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Nearby schools
GreatSchools rating
- 4/10Whittier Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 0.1 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87108
- South San Pedro
- 1028 Alvarado Dr SE
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