Located just 2 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. 82 Walk Score. 98(!) Bike Score and a transit score of 50, 223 Cornell SE is in the epi-center of the UNM/CNM campuses.The property consists of a 98 year old house and a 23 year old duplex. The house is large with 1,432 square feet, in a 3 bedroom, 1 bathroom configuration, and that does not include the basement area. At the listing brokers request, the owner is holding the main house vacant for potential owner occupancy or a fully furnished conversion for traveling nurses.Measures of investment performance at ask price of $464,392 and current average rent of $1,133 are a GRM of 11.38, a 5.45% cap rate, $154,797 per unit, $176.51/sf.
Sold
Price Unknown
223 Cornell Dr SE, Albuquerque, NM 87106
5beds
3baths
2,631sqft
Triplex, Multi Family
Built in 2000
-- sqft lot
$-- Zestimate®
$--/sqft
$2,539 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,539/mo
Zestimate® history
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Nob hill
Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.
Bought with:
Joshua D Christensen, 20522
Realty One of New Mexico
Source: SWMLS,MLS#: 1039345
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Wood
- Has basement: Yes
Interior area
- Total structure area: 2,631
- Total interior livable area: 2,631 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
Lot
- Size: 6,969 Square Feet
Details
- Has additional parcels: Yes
- Parcel number: 101605706317432002
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Adobe, Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 2000
Details
- Builder name: Shapiro
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: University Heights Addition
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $478,324
- Annual tax amount: $3,498
- Date on market: 8/8/2023
- Cumulative days on market: 48 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Other, See Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 11/23/2023 | Sold | -- |
Source:  SWMLS #1039345 Report a problem | ||
| 9/26/2023 | Pending sale | $464,392$177/sqft |
Source: SWMLS #1039345 Report a problem | ||
| 8/8/2023 | Listed for sale | $464,392$177/sqft |
Source: SWMLS #1039345 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,736 -8.2% | $159,425 -8.3% |
| 2024 | $7,338 +102.7% | $173,916 +105.3% |
| 2023 | $3,620 +3.5% | $84,715 +3% |
| 2022 | $3,498 +3.5% | $82,248 +3% |
| 2021 | $3,381 +1.7% | $79,853 +3% |
| 2020 | $3,325 | $77,526 +3% |
| 2019 | -- | $75,269 |
| 2018 | $2,852 -8.4% | $75,269 +3% |
| 2017 | $3,113 +6.2% | $73,077 +6.1% |
| 2016 | $2,931 -95.6% | $68,882 +3% |
| 2015 | $66,876 +2325.6% | $66,876 +3% |
| 2014 | $2,757 | $64,929 +3% |
| 2013 | $2,757 | $63,038 |
| 2012 | -- | $63,038 |
| 2011 | -- | $63,038 -36.7% |
| 2010 | -- | $99,523 +67.5% |
| 2009 | -- | $59,425 +3% |
| 2008 | -- | $57,695 -37.9% |
| 2007 | -- | $92,891 +70.8% |
| 2006 | -- | $54,383 +3% |
| 2005 | -- | $52,800 +3% |
| 2004 | -- | $51,263 +3% |
| 2003 | -- | $49,769 +59.5% |
| 2002 | -- | $31,196 +2.7% |
| 2001 | -- | $30,364 +1.2% |
| 2000 | -- | $29,997 |
Find assessor info on the county website
Neighborhood: University Hts
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Nearby schools
GreatSchools rating
- 7/10Monte Vista Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 6/10Jefferson Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 1.6 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87106
- University Hts
- 223 Cornell Dr SE
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