4-unit multifamily investment located in a rapidly improving corridor of Northeast Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a high cap rate, strong cash-on-cash returns, and durable demand from long-term workforce tenants. The surrounding neighborhood has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use construction nearby. These improvements support long-term appreciation while maintaining strong rental demand. The asset is a C-class, workforce housing property, which historically performs well through market cycles due to affordability, necessity-driven demand, and tenant longevity. Current tenants are stable, long-term residents.
Sold
Zillow last checked:
Listing updated:
Bought with:
John Lucero, 47657
Realty One of New Mexico, LLC
Source: SWMLS,MLS#: 1101906
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Sold | -- |
Source:  SWMLS #1101906 Report a problem | ||
| 7/20/2026 | Pending sale | $324,655$118/sqft |
Source: SWMLS #1101906 Report a problem | ||
| 4/17/2026 | Listed for sale | $324,655-1.6%$118/sqft |
Source: SWMLS #1101906 Report a problem | ||
| 12/4/2025 | Listing removed | $329,800$119/sqft |
Source: SWMLS #1087489 Report a problem | ||
| 10/4/2025 | Price change | $329,800-1.6%$119/sqft |
Source: SWMLS #1087489 Report a problem | ||
| 9/4/2025 | Price change | $335,000-1.4%$121/sqft |
Source: SWMLS #1087489 Report a problem | ||
| 8/23/2025 | Price change | $339,800-1.5%$123/sqft |
Source: SWMLS #1087489 Report a problem | ||
| 8/14/2025 | Price change | $345,000-3.6%$125/sqft |
Source: SWMLS #1087489 Report a problem | ||
| 7/9/2025 | Listed for sale | $358,000+99%$130/sqft |
Source: SWMLS #1087489 Report a problem | ||
| 12/5/2019 | Listing removed | $179,888$65/sqft |
Source: Allen Sigmon Real Estate Group #948182 Report a problem | ||
| 6/28/2019 | Listed for sale | $179,888-9.8%$65/sqft |
Source: Allen Sigmon Real Estate Group #948182 Report a problem | ||
| 1/25/2019 | Listing removed | $199,500$72/sqft |
Source: Allen Sigmon Real Estate Group #936084 Report a problem | ||
| 10/11/2018 | Price change | $199,500-50%$72/sqft |
Source: Allen Sigmon Real Estate Group #930044 Report a problem | ||
| 10/5/2018 | Listed for sale | $399,000+88.2%$145/sqft |
Source: Allen Sigmon Real Estate Group #930044 Report a problem | ||
| 4/1/2016 | Listing removed | $212,000$77/sqft |
Source: Urban Southwest Investment Properties, LLC #846536 Report a problem | ||
| 7/30/2015 | Listed for sale | $212,000$77/sqft |
Source: Urban Southwest Investment Properties, LLC #846536 Report a problem | ||
