Discover this updated, low-maintenance income producing property! An ideal opportunity for both first-time & seasoned investors. This well-maintained asset offers a desirable unit mix, featuring (3) 1-bedroom/1-bath units (Units A, B & C), & a spacious 3-bedroom/2-bath unit (Unit D) complete with a detached 1-car garage. In 2020, the owner completed upgrades to ensure long-term value & energy efficiency, including: Mini-split heating & refrigerated air systems in all units, Upgraded electrical service, pro-panel metal roof, Fresh stucco, dual-pane windows, perimeter fencing & landscaping. Units A & D have been fully remodeled with tasteful, modern interiors. Units B & C are occupied by long-term tenants & currently rented below market value, offering potential for future rental growth!
Sold
Price Unknown
1036 Madeira Dr SE, Albuquerque, NM 87108
6beds
5baths
2,865sqft
Quadruplex, Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$--/sqft
$1,913 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,913/mo
Zestimate® history
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List your homeWhat's special
Pro-panel metal roofFresh stuccoDual-pane windows
Zillow last checked:
Listing updated:
Listed by:
Jonathan M Ortiz 505-363-8451,
Southwest Elite Real Estate,
Andrea A Romero 505-610-6481,
Southwest Elite Real Estate
Bought with:
Jonathan M Ortiz, 44118
Southwest Elite Real Estate
Source: SWMLS,MLS#: 1085343
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Ductless
Cooling
- Multi Units, Refrigerated
Appliances
- Included: Free-Standing Electric Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Laminate, Tile, Wood
- Has basement: No
Interior area
- Total structure area: 2,865
- Total interior livable area: 2,865 sqft
Property
Parking
- Total spaces: 8
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
Lot
- Size: 8,276 Square Feet
Details
- Parcel number: 101805607520632201
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: None
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Security: Security Gate
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $127,878
- Annual tax amount: $1,745
- Date on market: 6/5/2025
- Cumulative days on market: 18 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2025 | Sold | -- |
Source:  SWMLS #1085343 Report a problem | ||
| 6/23/2025 | Pending sale | $399,900$140/sqft |
Source: SWMLS #1085343 Report a problem | ||
| 6/5/2025 | Listed for sale | $399,900+15.9%$140/sqft |
Source: SWMLS #1085343 Report a problem | ||
| 5/6/2021 | Listing removed | -- |
Source: SWMLS #985613 Report a problem | ||
| 2/27/2021 | Listed for sale | $345,000$120/sqft |
Source: SWMLS #985613 Report a problem | ||
| 2/26/2021 | Pending sale | $345,000$120/sqft |
Source: SWMLS #985613 Report a problem | ||
| 2/26/2021 | Listed for sale | $345,000$120/sqft |
Source: SWMLS #985613 Report a problem | ||
| 2/18/2021 | Pending sale | $345,000$120/sqft |
Source: SWMLS #985613 Report a problem | ||
| 2/12/2021 | Listed for sale | $345,000$120/sqft |
Source: SWMLS #985613 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,801 +3.2% | $42,622 +3% |
| 2024 | $1,746 +1.7% | $41,381 +3% |
| 2023 | $1,717 +107% | $40,175 +3% |
| 2022 | $830 -48.3% | $39,005 +3% |
| 2021 | $1,603 +1.7% | $37,871 +3% |
| 2020 | $1,577 | $36,768 +3% |
| 2019 | -- | $35,696 |
| 2018 | $1,353 -8.4% | $35,696 +3% |
| 2017 | $1,476 +6.2% | $34,657 +6.1% |
| 2016 | $1,390 -95.6% | $32,668 +3% |
| 2015 | $31,717 +2325.6% | $31,717 +3% |
| 2014 | $1,308 | $30,794 +3% |
| 2013 | $1,308 | $29,897 -45% |
| 2012 | -- | $54,394 |
| 2011 | -- | $54,394 |
| 2010 | -- | $54,394 +12.4% |
| 2009 | -- | $48,402 +3% |
| 2008 | -- | $46,993 +3% |
| 2007 | -- | $45,624 +3% |
| 2006 | -- | $44,295 +37.1% |
| 2005 | -- | $32,305 +3% |
| 2004 | -- | $31,364 |
| 2003 | -- | $31,364 +0.1% |
| 2002 | -- | $31,344 +3% |
| 2001 | -- | $30,431 +6.8% |
| 2000 | -- | $28,497 |
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: 0.3 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 0.3 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 0.9 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87108
- South San Pedro
- 1036 Madeira Dr SE
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