Fantastic Investment Opportunity in the Highly Desirable UNM Area! This unique property features a 2-bedroom, 1-bath main house plus a separate duplex located behind the home, each unit offering 2 bedrooms and 1 full bath. The duplex is currently rented to reliable, long-term tenants, providing immediate income potential. The main house is ready for renovation with an unfinished kitchen and areas of uneven flooring perfect for investors or buyers looking to customize and add value. Located just minutes from UNM, Nob Hill, shopping, restaurants, and entertainment, this property offers incredible potential in one of Albuquerque's most sought-after neighborhoods. Cash or rehab loan only. Property sold as-is. Don't miss this opportunity to own an income-producing property with tons of upside.
Sold
Price Unknown
309 Princeton Dr SE, Albuquerque, NM 87106
4beds
2baths
2,476sqft
Multi Family, Single Family Residence
Built in 1926
-- sqft lot
$-- Zestimate®
$--/sqft
$1,956 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,956/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Stacy A. Ross 505-573-1448,
Coldwell Banker Legacy
Bought with:
Andrew J Copp, REC20230871
Aurumys
Shannon Richardson, REC20240078
Aurumys
Source: SWMLS,MLS#: 1096715
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Other
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Electric Range, Refrigerator
Features
- Flooring: Carpet, Tile
- Has basement: No
Interior area
- Total structure area: 2,476
- Total interior livable area: 2,476 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101605717314031609
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Single Family Residence
Condition
- Resale
- New construction: No
- Year built: 1926
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 Hts Add
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $304,386
- Annual tax amount: $4,155
- Date on market: 1/14/2026
- Cumulative days on market: 32 days
- Listing terms: Cash,Other,See Remarks
- Total actual rent: 2400
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Sold | -- |
Source:  SWMLS #1096715 Report a problem | ||
| 2/16/2026 | Pending sale | $415,000$168/sqft |
Source: SWMLS #1096715 Report a problem | ||
| 1/19/2026 | Price change | $415,000-7.8%$168/sqft |
Source: SWMLS #1096715 Report a problem | ||
| 1/14/2026 | Listed for sale | $450,000$182/sqft |
Source: SWMLS #1096715 Report a problem | ||
| 1/8/2026 | Listing removed | $450,000$182/sqft |
Source: SWMLS #1093042 Report a problem | ||
| 11/17/2025 | Price change | $450,000-5.3%$182/sqft |
Source: SWMLS #1093042 Report a problem | ||
| 10/16/2025 | Listed for sale | $475,000$192/sqft |
Source: SWMLS #1093042 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,287 +3.2% | $101,452 +3% |
| 2024 | $4,156 +1.7% | $98,497 +3% |
| 2023 | $4,087 | $95,629 +3% |
| 2022 | -- | $92,844 +3% |
| 2021 | $3,816 +1.7% | $90,140 +3% |
| 2020 | $3,754 | $87,515 +3% |
| 2019 | -- | $84,967 |
| 2018 | $3,220 -8.4% | $84,967 +3% |
| 2017 | $3,514 +6.2% | $82,492 +6.1% |
| 2016 | $3,308 -95.6% | $77,758 +3% |
| 2015 | $75,493 +2325.7% | $75,493 +3% |
| 2014 | $3,112 | $73,294 +3% |
| 2013 | $3,112 | $71,160 |
| 2012 | -- | $71,160 -33.9% |
| 2011 | -- | $107,723 |
| 2010 | -- | $107,723 +70.4% |
| 2009 | -- | $63,208 +3% |
| 2008 | -- | $61,368 +3% |
| 2007 | -- | $59,580 +3% |
| 2006 | -- | $57,845 +3% |
| 2005 | -- | $56,161 +3% |
| 2004 | -- | $54,525 +3% |
| 2003 | -- | $52,936 +3% |
| 2002 | -- | $51,394 +2.8% |
| 2001 | -- | $49,995 +59.1% |
| 2000 | -- | $31,430 |
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: 0.5 mi
- 6/10Jefferson Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 1.8 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87106
- University Hts
- 309 Princeton Dr SE
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