This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.
For sale
$619,887
2104 Lead Ave SE, Albuquerque, NM 87106
1beds
2baths
2,670sqft
Multi Family
Built in 1936
-- sqft lot
$-- Zestimate®
$232/sqft
$-- HOA
What's special
- 44 days |
- 302 |
- 12 |
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#: 1104393
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
Heating
- Wall Furnace
Cooling
- Ductless
Appliances
- Included: Refrigerator
Features
- Flooring: Carpet Free, Vinyl
Interior area
- Total structure area: 2,670
- Total interior livable area: 2,670 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 6,969 Square Feet
Details
- Has additional parcels: Yes
- Parcel number: 101505747717341720
- Zoning description: R-T*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1936
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Buena Vista Heights Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $232/sqft
- Tax assessed value: $137,791
- Annual tax amount: $1,940
- Date on market: 5/29/2026
- Cumulative days on market: 45 days
- Listing terms: Cash,Conventional
- Total actual rent: 6000
- Tenant pays: Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$1,561/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Listed for sale | $619,887$232/sqft |
Source:  SWMLS #1104393 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,941 +3.2% | $45,926 +3% |
| 2024 | $1,881 +1.7% | $44,588 +3% |
| 2023 | $1,850 +3.5% | $43,290 +3% |
| 2022 | $1,788 +0.5% | $42,029 |
| 2021 | $1,779 -1.3% | $42,029 |
| 2020 | $1,803 | $42,029 |
| 2019 | -- | $42,029 |
| 2018 | $1,795 +0.1% | $42,029 -0.2% |
| 2017 | $1,793 +0.1% | $42,096 |
| 2016 | $1,791 -95.7% | $42,096 |
| 2015 | $42,096 +2255% | $42,096 |
| 2014 | $1,788 | $42,096 -6.6% |
| 2013 | $1,788 | $45,075 |
| 2012 | -- | $45,075 |
| 2011 | -- | $45,075 |
| 2010 | -- | $45,075 +3% |
| 2009 | -- | $43,762 +1.9% |
| 2008 | -- | $42,939 |
| 2007 | -- | $42,939 +3% |
| 2006 | -- | $41,689 +3% |
| 2005 | -- | $40,475 |
| 2004 | -- | $40,475 |
| 2003 | -- | $40,475 +3% |
| 2002 | -- | $39,297 |
| 2001 | -- | $39,297 -2.3% |
| 2000 | -- | $40,230 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Silver Hill
Nearby schools
GreatSchools rating
- 7/10Monte Vista Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 6/10Jefferson Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 1.5 mi
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- New Mexico
- Bernalillo County
- Albuquerque
- 87106
- Silver Hill
- 2104 Lead Ave SE
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