For sale

$999,565

1104 Palomas Dr SE, Albuquerque, NM 87108

6beds

3baths

7,720sqft

$7,132/mo

Get pre-qualified

Multi Family

Built in 1955

-- sqft lot

$-- Zestimate^®

$129/sqft

$-- HOA

What's special

Synthetic stuccoUpdated electricalNew solid laminate flooringNew soffitsNew windowsUpdated lighting

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market this opportunity to purchase this 10-plex with two bedroom, one bathroom units. The property includes two fourplexes and one duplex.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.This 10-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Face-book, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.

47 days
48
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Forced Air

Cooling

Evaporative Cooling

Appliances

Included: Free-Standing Gas Range, Refrigerator
Laundry: Washer Hookup, Dryer Hookup, In Unit

Features

Flooring: Carpet Free

Interior area

Total structure area: 7,720
Total interior livable area: 7,720 sqft

Property

Features

Levels: One
Stories: 1
Patio & porch: Patio
Exterior features: Patio

Lot

Size: 0.56 Acres

Details

Parcel number: 101805610818831610
Zoning description: R-MH*

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame, Stucco

Condition

Resale
New construction: No
Year built: 1955

Utilities & green energy

Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Features: Patio, Storage Facilities
Subdivision: Virginia Place

Location

Region: Albuquerque

Financial & listing details

Price per square foot: $129/sqft
Tax assessed value: $430,642
Annual tax amount: $6,064
Date on market: 8/19/2026
Cumulative days on market: 49 days
Listing terms: Cash,Conventional
Total actual rent: 9705
Tenant pays: Electricity, Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/20/2026	Listed for sale	$999,565+135.2%$129/sqft
Source: SWMLS #1109470 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
2/13/2020	Listing removed	$650
Source: Owner Report a problem
1/13/2020	Listed for rent	$650
Source: Owner Report a problem
12/12/2019	Listing removed	$650
Source: Owner Report a problem
11/11/2019	Listed for rent	$650+18.2%
Source: Owner Report a problem
8/28/2019	Listing removed	$550
Source: Owner Report a problem
7/28/2019	Listed for rent	$550
Source: Owner Report a problem
6/20/2019	Sold	--
Source: SWMLS #916336 Report a problem
6/18/2019	Pending sale	$425,000$55/sqft
Source: Concierge Realty & Investments #916336 Report a problem
4/19/2018	Listed for sale	$425,000$55/sqft
Source: Concierge Realty & Investments #916336 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,065 +3.2%	$143,533 +3%
2024	$5,879 +1.7%	$139,353 +3%
2023	$5,782 +3.5%	$135,294 +3%
2022	$5,587 +0.5%	$131,353
2021	$5,561 -1.3%	$131,353
2020	$5,634	$131,353 +17.5%
2019	--	$111,790
2018	$4,229 -8.5%	$111,790 +3%
2017	$4,623 -31.2%	$108,535 +6.1%
2016	$6,720 -93.2%	$102,305 +3%
2015	$99,325 +2325.6%	$99,325 +3%
2014	$4,095	$96,433 +3%
2013	$4,095	$93,624
2012	--	$93,624
2011	--	$93,624
2010	--	$93,624 -3%
2009	--	$96,532 +3%
2008	--	$93,720 -28.6%
2007	--	$131,320 +81.9%
2006	--	$72,196 +3%
2005	--	$70,093
2004	--	$70,093
2003	--	$70,093
2002	--	$70,093 +3%
2001	--	$68,060 -12.4%
2000	--	$77,692