Fourplex ideally located near the University of New Mexico (UNM), UNM Hospital, and Presbyterian Hospital, this beautifully updated property offers an exceptional opportunity for investors seeking a well-maintained multifamily property. The property features a desirable unit mix of three spacious 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, with an average unit size of approximately 776 square feet. All four units have been updated, offering updated living spaces designed to appeal to today's rental market. Significant recent capital improvements include water heaters, heating systems, cooling units, and electrical upgrades, providing added value and helping reduce potential near-term maintenance expenses. Conveniently located near major employment centers, educational institutions, healthcare facilities, shopping, dining, and transportation corridors, this property is well-positioned to attract a broad pool of prospective tenants. The seller is open to considering owner financing.
For sale
$553,865
1502 Gold Ave SE, Albuquerque, NM 87106
5beds
3baths
3,105sqft
Quadruplex, Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$178/sqft
$-- HOA
What's special
Electrical upgradesUpdated living spacesHeating systemsCooling unitsWater heaters
- 6 days
- 298
- 21
Zillow last checked:
Listing updated:
Listed by:
Vertical Real Estate 877-366-2213,
LPT Realty 877-366-2213,
Mario S Zaragoza 505-695-9337,
LPT Realty
Source: SWMLS,MLS#: 1113515
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Ductless
Cooling
- Ductless
Appliances
- Included: Free-Standing Electric Range, Free-Standing Gas Range, Refrigerator
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 3,105
- Total interior livable area: 3,105 sqft
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Landscaping
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: 101505727727310115
- 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: 1940
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $178/sqft
- Tax assessed value: $409,500
- Annual tax amount: $5,767
- Date on market: 11/2/2026
- Cumulative days on market: 8 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 5017
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$1,267/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2026 | Listed for sale | $553,865+16.6%$178/sqft |
Source: | ||
| 8/7/2026 | Listing removed | $1,189 |
Source: Zillow Rentals Report a problem | ||
| 7/22/2026 | Price change | $1,189-11.2% |
Source: Zillow Rentals Report a problem | ||
| 7/22/2026 | Price change | $1,339-0.7% |
Source: Zillow Rentals Report a problem | ||
| 7/3/2026 | Price change | $1,349-7% |
Source: Zillow Rentals Report a problem | ||
| 6/9/2026 | Listed for rent | $1,450 |
Source: Zillow Rentals Report a problem | ||
| 5/20/2023 | Sold | -- |
Source: | ||
| 3/29/2023 | Pending sale | $475,000$153/sqft |
Source: | ||
| 3/22/2023 | Listed for sale | $475,000$153/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,767 -6% | $136,486 -6.2% |
| 2024 | $6,138 +158% | $145,486 +161.3% |
| 2023 | $2,379 +107% | $55,677 +3% |
| 2022 | $1,150 -66.7% | $54,056 +3% |
| 2021 | $3,457 +58.2% | $52,482 +3% |
| 2020 | $2,186 | $50,953 +3% |
| 2019 | -- | $49,469 |
| 2018 | $1,875 -8.4% | $49,469 +3% |
| 2017 | $2,046 +6.2% | $48,029 +6.1% |
| 2016 | $1,926 -95.6% | $45,272 +3% |
| 2015 | $43,954 +2325.6% | $43,954 +3% |
| 2014 | $1,812 | $42,674 +3% |
| 2013 | $1,812 | $41,431 -13.8% |
| 2012 | -- | $48,061 |
| 2011 | -- | $48,061 |
| 2010 | -- | $48,061 +30.6% |
| 2009 | -- | $36,811 +3% |
| 2008 | -- | $35,740 +3% |
| 2007 | -- | $34,699 +3% |
| 2006 | -- | $33,688 +3% |
| 2005 | -- | $32,707 +3% |
| 2004 | -- | $31,755 +3% |
| 2003 | -- | $30,830 +2% |
| 2002 | -- | $30,230 |
| 2001 | -- | $30,230 +39.8% |
| 2000 | -- | $21,631 |
Find assessor info on the county website
Monthly payment
Est. payment






