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
- 93 days
- 221
- 13
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
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: 92 days
- Listing terms: Cash,Conventional
- Total actual rent: 6000
- Tenant pays: Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$1,504/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
Payment breakdown
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