Presenting 1132 Palomas SE, a prime investment opportunity you won't want to miss! This well-priced 10-unit property offers a great mix of 2-bedroom, 1-bathroom units, each featuring in-unit washer and dryer hookups. Most of the units have been thoughtfully updated, enhancing their appeal and ensuring tenant satisfaction.With an impressive in-place 7% cap rate and a current 6% cash-on-cash return, this property is already delivering strong financial performance. However, there's significant potential for even more upside. The property is well-positioned for rent growth, with the possibility to increase revenue through strategic updates and enhancements. Whether you're looking to make targeted improvements or capitalize on the area's rising demand, 1132 Palomas SE offers great value-add.
Sold
Price Unknown
1132 Palomas Dr SE, Albuquerque, NM 87108
2beds
1baths
--sqft
Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$--/sqft
$1,087 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,087/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Trey W. Whaley 505-269-1824,
R1 Commercial
Bought with:
Nonmls Nonmls
Non Member of SWMLS
Source: SWMLS,MLS#: 1069534
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling, Ceiling Fan(s)
Appliances
- Included: Free-Standing Electric Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
Features
- Ceiling Fan(s)
- Flooring: Laminate, Tile, Vinyl
- Has basement: No
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.56 Acres
Details
- Parcel number: 101805610814831601
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1958
Utilities & green energy
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Security
- Security features: Complex Fenced
Community
- Community features: Storage Facilities
Location
- Region: Albuquerque
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2025 | Sold | -- |
Source:  SWMLS #1069534 Report a problem | ||
| 10/28/2024 | Pending sale | $880,000 |
Source: SWMLS #1069534 Report a problem | ||
| 8/28/2024 | Listed for sale | $880,000-7.3% |
Source: SWMLS #1069534 Report a problem | ||
| 8/23/2024 | Listing removed | -- |
Source: SWMLS #1036059 Report a problem | ||
| 6/12/2023 | Listed for sale | $949,530 |
Source: SWMLS #1036059 Report a problem | ||
| 7/31/2003 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,163 +3.2% | $145,864 +3% |
| 2024 | $5,975 +1.7% | $141,616 +3% |
| 2023 | $5,875 +3.5% | $137,491 +3% |
| 2022 | $5,678 +0.5% | $133,486 |
| 2021 | $5,652 -1.3% | $133,486 |
| 2020 | $5,726 | $133,486 |
| 2019 | -- | $133,486 |
| 2018 | $3,065 -46.1% | $133,486 |
| 2017 | $5,686 +80.5% | $133,486 +80.3% |
| 2016 | $3,150 -95.6% | $74,030 +3% |
| 2015 | $71,874 +2325.6% | $71,874 +3% |
| 2014 | $2,963 | $69,781 +3% |
| 2013 | $2,963 | $67,749 +3% |
| 2012 | -- | $65,776 -54.5% |
| 2011 | -- | $144,426 |
| 2010 | -- | $144,426 +42.4% |
| 2009 | -- | $101,443 +3% |
| 2008 | -- | $98,489 +3% |
| 2007 | -- | $95,620 +3% |
| 2006 | -- | $92,836 +3% |
| 2005 | -- | $90,132 |
| 2004 | -- | $90,132 |
| 2003 | -- | $90,132 +3% |
| 2002 | -- | $87,507 +3% |
| 2001 | -- | $84,958 -6.9% |
| 2000 | -- | $91,291 |
Find assessor info on the county website
Neighborhood: South San Pedro
Nearby schools
GreatSchools rating
- 4/10Whittier Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 0.2 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87108
- South San Pedro
- 1132 Palomas Dr SE
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Albuquerque Topics
