Explore prime investment potential in this Albuquerque fourplex! Situated in the sought-after Foothills area east of Tramway Blvd, this property offers a rare opportunity. Each unit features desirable amenities like in-unit washer/dryer and stylish tile/wood floors, and fireplaces. TPO roof and other upgrades in the last few years. Plus, tenants will enjoy outdoor space with enclosed backyards. 1.5 parking spaces per unit (6 total) and a stable 5.6% cap rate from full occupancy, this investment is a solid choice for savvy investors. Don't let this rare chance slip by!
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Price Unknown
2900 Palo Verde Dr NE, Albuquerque, NM 87112
3beds
2baths
--sqft
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$--/sqft
$1,372 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,372/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
David M Stafford 505-750-3360,
360 Ventures Real Estate,
Melissa N Salazar 505-414-8005,
360 Ventures Real Estate
Bought with:
NM Home Deals Inc.
Keller Williams Realty
Source: SWMLS,MLS#: 1062424
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Dryer, Dishwasher, Free-Standing Electric Range, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
Features
- Flooring: Tile, Wood
- Has basement: No
- Fireplace features: Option
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Lighting
Lot
- Size: 8,276 Square Feet
Details
- Parcel number: 102305904348720326
- Zoning description: PD*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1979
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
- Tax assessed value: $562,600
- Annual tax amount: $4,734
- Date on market: 5/10/2024
- Cumulative days on market: 28 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2024 | Sold | -- |
Source:  SWMLS #1062424 Report a problem | ||
| 6/7/2024 | Pending sale | $612,000 |
Source: SWMLS #1062424 Report a problem | ||
| 5/29/2024 | Price change | $612,000-2.1% |
Source: SWMLS #1062424 Report a problem | ||
| 5/21/2024 | Price change | $625,000-2% |
Source: SWMLS #1062424 Report a problem | ||
| 5/10/2024 | Listed for sale | $637,500+116.2% |
Source: SWMLS #1062424 Report a problem | ||
| 5/20/2019 | Listing removed | $850 |
Source: Calculated Management Report a problem | ||
| 5/9/2019 | Listed for rent | $850 |
Source: Calculated Management Report a problem | ||
| 3/18/2013 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 11/3/2012 | Listed for sale | $294,900-9.3% |
Source: Prudential New Mexico Properties #745744 Report a problem | ||
| 12/24/2010 | Listing removed | $325,000 |
Source: Pargin Realty ERA #660825 Report a problem | ||
| 7/28/2010 | Price change | $325,000-3% |
Source: Pargin Realty ERA #660825 Report a problem | ||
| 7/6/2010 | Price change | $335,000+1.5% |
Source: Pargin Realty ERA #660825 Report a problem | ||
| 6/19/2010 | Price change | $330,000-2.1% |
Source: Pargin Realty ERA #660825 Report a problem | ||
| 8/20/2009 | Listed for sale | $337,000 |
Source: Pargin Realty ERA #660825 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,923 +64.6% | $187,515 +64.3% |
| 2024 | $4,814 +1.7% | $114,111 +3% |
| 2023 | $4,734 +7.8% | $110,787 +3% |
| 2022 | $4,394 | $107,560 +3% |
| 2021 | -- | $104,428 +3% |
| 2020 | $4,349 | $101,387 +3% |
| 2019 | -- | $98,434 |
| 2018 | $3,730 -8.4% | $98,434 +3% |
| 2017 | $4,071 +6.2% | $95,567 +6.1% |
| 2016 | $3,833 -95.6% | $90,082 +3% |
| 2015 | $87,458 +2255% | $87,458 |
| 2014 | $3,714 | $87,458 +5.6% |
| 2013 | $3,714 | $82,813 -31.7% |
| 2012 | -- | $121,288 |
| 2011 | -- | $121,288 |
| 2010 | -- | $121,288 +64.8% |
| 2009 | -- | $73,579 +3% |
| 2008 | -- | $71,436 +3% |
| 2007 | -- | $69,355 +3% |
| 2006 | -- | $67,336 +3% |
| 2005 | -- | $65,375 +3% |
| 2004 | -- | $63,471 +3% |
| 2003 | -- | $61,622 +3% |
| 2002 | -- | $59,827 +2.3% |
| 2001 | -- | $58,461 +6% |
| 2000 | -- | $55,128 |
Find assessor info on the county website
Neighborhood: Cibola Addition
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Nearby schools
GreatSchools rating
- 5/10Eldorado High SchoolGrades: PK-12Distance: 1.3 mi
- 8/10Hoover Middle SchoolGrades: 6-8Distance: 0.8 mi
- 10/10Matheson Park Elementary SchoolGrades: PK-5Distance: 1.4 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87112
- Cibola Addition
- 2900 Palo Verde Dr NE
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