The property is located close to foothills trails, Sandia Pueblo, The Elena Gallegos open space preserve, the second longest aerial Tramway in the world as well as, KAFB/Sandia National Laboratories and great local shopping & restaurants. Each apartment contains two bedrooms and one bathroom and separately metered for gas and electric. There is one on-site laundry room, downstairs just off the large parking lot that accommodates plenty of off street parking. Measures of investment performance at ask price of $552,214 and average rents of $1,088 are a GRM of 10.60, a 5.36% cap rate, $138,804 per unit, $188.17/sf.If rents are raised to market rate of $1,395, the measure of investment performance improve to a 6.91% cap rate and that a large potential increases in property taxe
Sold
Price Unknown
12509 Manitoba Dr NE, Albuquerque, NM 87111
8beds
4baths
2,940sqft
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$--/sqft
$2,429 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,429/mo
Zestimate® history
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On-site laundry room
Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.,
Damon J Maddox 505-321-3576,
Maddox Management, LLC
Bought with:
Nonmls Nonmls
Non Member of SWMLS
Source: SWMLS,MLS#: 1095868
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Carpet, Vinyl
- Has basement: No
Interior area
- Total structure area: 2,940
- Total interior livable area: 2,940 sqft
Property
Parking
- Total spaces: 6
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 Square Feet
Details
- Has additional parcels: Yes
- Parcel number: 102206151327010418
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1979
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: New Holiday Park Subdivision
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $227,651
- Annual tax amount: $1,885
- Date on market: 12/18/2025
- Cumulative days on market: 9 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Other, See Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2026 | Sold | -- |
Source:  SWMLS #1095868 Report a problem | ||
| 12/27/2025 | Pending sale | $553,214$188/sqft |
Source: SWMLS #1095868 Report a problem | ||
| 12/18/2025 | Listed for sale | $553,214$188/sqft |
Source: SWMLS #1095868 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,206 +3.2% | $75,876 +3% |
| 2024 | $3,108 +1.7% | $73,666 +3% |
| 2023 | $3,056 +146.3% | $71,521 +3% |
| 2022 | $1,241 +39.6% | $69,439 +3% |
| 2021 | $889 -48.2% | $67,416 +3% |
| 2020 | $1,718 | $65,453 +3% |
| 2019 | -- | $63,547 |
| 2018 | $1,460 -38.7% | $63,547 +3% |
| 2017 | $2,381 +57.6% | $61,695 +6.1% |
| 2016 | $1,511 -97.3% | $58,155 +3% |
| 2015 | $56,461 +4539% | $56,461 +1.1% |
| 2014 | $1,217 | $55,835 +3% |
| 2013 | $1,217 | $54,209 |
| 2012 | -- | $54,209 |
| 2011 | -- | $54,209 |
| 2010 | -- | $54,209 +7.4% |
| 2009 | -- | $50,461 +3% |
| 2008 | -- | $48,992 +3% |
| 2007 | -- | $47,565 +3% |
| 2006 | -- | $46,180 +3% |
| 2005 | -- | $44,836 +3% |
| 2004 | -- | $43,531 +3% |
| 2003 | -- | $42,263 +0.7% |
| 2002 | -- | $41,963 |
| 2001 | -- | $41,963 -13.2% |
| 2000 | -- | $48,329 |
Find assessor info on the county website
Neighborhood: S Y Jackson
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Nearby schools
GreatSchools rating
- 9/10S. Y. Jackson Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10Eldorado High SchoolGrades: PK-12Distance: 1 mi
- 8/10Eisenhower Middle SchoolGrades: 6-8Distance: 1.3 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87111
- S Y Jackson
- 12509 Manitoba Dr NE
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