Currently a 6% Market Cap Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units; 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space located in a single 2-story building with 18 covered parking spaces. Capital Improvements: Each unit has been updated with tile or laminate and mini-split units. Newer roof installed in 2023. All current rents are below market rents and present an investor with a potential 8.5% Cap if rents are brought up to current market pricing. INDIVIDUAL UNITS NOT FOR SALE.
Sold
Price Unknown
316 Princeton Dr SE, Albuquerque, NM 87106
1beds
2baths
--sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$--/sqft
$1,731 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,731/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Santiago Aceves 505-270-2662,
Elevate New Mexico Realty
Bought with:
Gladys I Delgado-Kennedy, 19121
Signature Real Estate
Steven S Etkind, 47333
Signature Real Estate
Source: SWMLS,MLS#: 1084611
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
Heating
- Ductless
Cooling
- Ductless, Refrigerated
Appliances
- Included: Free-Standing Electric Range, Refrigerator
Features
- Flooring: Laminate, Tile, Vinyl
- Has basement: No
Property
Parking
- Total spaces: 1.5
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Size: 6,969 Square Feet
Details
- Has additional parcels: Yes
- Parcel number: 101605719412431721
- Zoning description: MX-L*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
Condition
- Resale
- New construction: No
- Year built: 1977
Utilities & green energy
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Deck/Porch
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $218,434
- Annual tax amount: $2,982
- Date on market: 5/23/2025
- Cumulative days on market: 61 days
- Listing terms: Cash,Conventional,Other,See Remarks
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2025 | Sold | -- |
Source:  SWMLS #1084611 Report a problem | ||
| 6/8/2025 | Pending sale | $1,150,000 |
Source: SWMLS #1084611 Report a problem | ||
| 5/23/2025 | Listed for sale | $1,150,000 |
Source: SWMLS #1084611 Report a problem | ||
| 5/15/2025 | Listing removed | $1,150,000 |
Source: SWMLS #1081016 Report a problem | ||
| 3/29/2025 | Listed for sale | $1,150,000+105.7% |
Source: SWMLS #1081016 Report a problem | ||
| 10/29/2018 | Sold | -- |
Source: Public Record Report a problem | ||
| 1/16/2013 | Listing removed | $559,000 |
Source: J & M Realty #742298 Report a problem | ||
| 9/6/2012 | Listed for sale | $559,000 |
Source: J & M Realty #742298 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,076 +3.2% | $72,804 +3% |
| 2024 | $2,982 +1.7% | $70,684 +3% |
| 2023 | $2,933 +3.5% | $68,625 +3% |
| 2022 | $2,834 +0.5% | $66,627 |
| 2021 | $2,821 -1.3% | $66,627 |
| 2020 | $2,858 | $66,627 |
| 2019 | -- | $66,627 |
| 2018 | $2,826 -0.4% | $66,627 |
| 2017 | $2,838 +0.1% | $66,627 |
| 2016 | $2,835 -95.7% | $66,627 +0.6% |
| 2015 | $66,260 +2255% | $66,260 |
| 2014 | $2,814 | $66,260 -7.3% |
| 2013 | $2,814 | $71,441 |
| 2012 | -- | $71,441 |
| 2011 | -- | $71,441 |
| 2010 | -- | $71,441 -16.6% |
| 2009 | -- | $85,642 |
| 2008 | -- | $85,642 |
| 2007 | -- | $85,642 +3% |
| 2006 | -- | $83,147 +3% |
| 2005 | -- | $80,726 -13.1% |
| 2004 | -- | $92,858 |
| 2003 | -- | $92,858 +0.4% |
| 2002 | -- | $92,458 |
| 2001 | -- | $92,458 +48.7% |
| 2000 | -- | $62,194 |
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
- 316 Princeton Dr SE
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