Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
For sale
$3,965,358
1200 Ortiz Dr SE, Albuquerque, NM 87108
3beds
2baths
25,632sqft
:
Get pre-qualified$26,638/mo
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$155/sqft
$-- HOA
What's special
Contemporary finishesOff street parking spaces
- 295 days |
- 90 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc. 505-440-8633,
Kyle E Deacon 505-878-0100,
Deacon Property Services
Source: SWMLS,MLS#: 1092641
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Active Solar, Other
Cooling
- Other
Appliances
- Included: Refrigerator
Features
- Flooring: Carpet, Vinyl
- Has basement: No
Interior area
- Total structure area: 25,632
- Total interior livable area: 25,632 sqft
Property
Parking
- Total spaces: 47
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.31 Acres
Details
- Has additional parcels: Yes
- Parcel number: 101805604219331411
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block
Condition
- Resale
- New construction: No
- Year built: 1964
Utilities & green energy
- Electric: None
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected
Green energy
- Energy generation: Solar
Community & HOA
Community
- Security: Complex Fenced
- Subdivision: Virginia Place Addition
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $155/sqft
- Tax assessed value: $276,457
- Annual tax amount: $3,774
- Date on market: 10/8/2025
- Cumulative days on market: 295 days
- Listing terms: Cash,Conventional
- Total actual rent: 32788
- Tenant pays: Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$1,760/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2025 | Listed for sale | $3,965,358+98.3%$155/sqft |
Source:  SWMLS #1092641 Report a problem | ||
| 5/22/2020 | Sold | -- |
Source: SWMLS #950793 Report a problem | ||
| 2/10/2020 | Pending sale | $2,000,000$78/sqft |
Source: NM Apartment Advisors, Inc. #950793 Report a problem | ||
| 10/31/2019 | Price change | $2,000,000+1.7%$78/sqft |
Source: NM Apartment Advisors, Inc. #950793 Report a problem | ||
| 8/1/2019 | Listed for sale | $1,967,000$77/sqft |
Source: NM Apartment Advisors, Inc. #950793 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,893 +3.2% | $92,143 +3% |
| 2024 | $3,774 +1.7% | $89,460 +3% |
| 2023 | $3,712 +3.5% | $86,855 +3% |
| 2022 | $3,587 +0.5% | $84,325 |
| 2021 | $3,570 +14.1% | $84,325 +15.6% |
| 2020 | $3,129 | $72,946 +3% |
| 2019 | -- | $70,821 |
| 2018 | $2,684 -8.4% | $70,821 +3% |
| 2017 | $2,929 +6.2% | $68,759 +6.1% |
| 2016 | $2,757 -95.6% | $64,813 +3% |
| 2015 | $62,925 +2325.6% | $62,925 +3% |
| 2014 | $2,594 | $61,093 +3% |
| 2013 | $2,594 | $59,314 |
| 2012 | -- | $59,314 |
| 2011 | -- | $59,314 -29.9% |
| 2010 | -- | $84,623 +51.4% |
| 2009 | -- | $55,909 +3% |
| 2008 | -- | $54,280 +3% |
| 2007 | -- | $52,701 +3% |
| 2006 | -- | $51,165 +3% |
| 2005 | -- | $49,675 +3% |
| 2004 | -- | $48,228 |
| 2003 | -- | $48,228 |
| 2002 | -- | $48,228 |
| 2001 | -- | $48,228 +0.1% |
| 2000 | -- | $48,161 |
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.Climate risks
Neighborhood: South San Pedro
Nearby schools
GreatSchools rating
- 4/10Whittier Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 0.3 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 0.9 mi
- $--1 bd1 ba552 sqft1200 Ortiz Dr SE #G, Albuquerque, NM 87108Off Market
- $--2 bd1 ba752 sqft1200 Ortiz Dr SE #F, Albuquerque, NM 87108Off Market
- $--2 bd1 ba752 sqft1200 Ortiz Dr SE #1200, Albuquerque, NM 87108Off Market
- $--1 bd1 ba552 sqft1200 Ortiz Dr SE #J, Albuquerque, NM 87108Off Market
- $--2 bd1 ba752 sqft1200 Ortiz Dr SE APT E, Albuquerque, NM 87108Off Market
- $--1 bd1 ba552 sqft1200 Ortiz Dr SE #D, Albuquerque, NM 87108Off Market
- $--1 bd1 ba552 sqft1208 Ortiz Dr SE #K, Albuquerque, NM 87108Off Market
- $287,3841 bd1 ba606 sqft1208 Ortiz Dr SE, Albuquerque, NM 87108Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $2,323,2323 bd2 ba14k sqft433 Mesilla St SE #437, Albuquerque, NM 87108For Sale
MLS ID #1105475, Todd D Clarke, NM Apartment Advisors, Inc.. SWMLS - $3,015,0003 bd3 ba14k sqft3601 Wellesley Dr NE, Albuquerque, NM 87107For Sale
MLS ID #1092688, Todd D Clarke, NM Apartment Advisors, Inc.. SWMLS - $5,900,0003 bd3 ba19k sqft140 Jefferson St SE, Albuquerque, NM 87108New Construction
MLS ID #1103000, Nicole Raeanne VanBuskirk, ODYN Management. SWMLS
