This is a core asset with stabilized cash flows that could also be a value-add opportunity if an investment was made in upgraded finishes for the balance of the units.CORE AssetMeasures of investment performance at the ask price of $2,661,159 and current average rents of $792 a month are a GRM of 10.77, a 6.62% cap rate, $102,352 per unit, $204/sf, and an after tax internal rate of return is 13.20%And Value AddThe property is currently 24% below market rents and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,023, the metrics of investment performance improve to a cap rate of 8.03% and a cash on cash of 8.98%.
Sold
Price Unknown
317 Adams St SE, Albuquerque, NM 87108
1beds
2baths
13,050sqft
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$--/sqft
$1,154 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,154/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.,
Kyle E Deacon 505-878-0100,
Deacon Property Services
Bought with:
Kyle E Deacon, 15579
Deacon Property Services
Source: SWMLS,MLS#: 1074795
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Carpet, Tile, Vinyl
- Has basement: No
Interior area
- Total structure area: 13,050
- Total interior livable area: 13,050 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Landscaping
Lot
- Size: 0.54 Acres
Details
- Has additional parcels: Yes
- Parcel number: 101705729107740805
- Zoning description: MX-T*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1985
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Albuquerque
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2025 | Sold | -- |
Source:  SWMLS #1074795 Report a problem | ||
| 1/1/2025 | Pending sale | $2,661,159$204/sqft |
Source: SWMLS #1074795 Report a problem | ||
| 12/5/2024 | Listed for sale | $2,661,159$204/sqft |
Source: SWMLS #1074795 Report a problem | ||
| 12/23/2016 | Listing removed | $479+2.1% |
Source: T and C Management Report a problem | ||
| 2/2/2016 | Listing removed | $469 |
Source: T and C Management Report a problem | ||
| 1/30/2016 | Listed for rent | $469 |
Source: T and C Management Report a problem | ||
| 1/24/2005 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,288 +3.2% | $172,490 +3% |
| 2024 | $7,066 +1.7% | $167,466 +3% |
| 2023 | $6,948 +3.5% | $162,590 +3% |
| 2022 | $6,714 +106.9% | $157,853 +3% |
| 2021 | $3,244 -49.2% | $153,256 +3% |
| 2020 | $6,382 | $148,793 +3% |
| 2019 | -- | $144,460 |
| 2018 | $5,474 -8.4% | $144,460 +3% |
| 2017 | $5,975 +6.2% | $140,253 +6.1% |
| 2016 | $5,625 -95.6% | $132,202 +3% |
| 2015 | $128,352 +2325.6% | $128,352 +3% |
| 2014 | $5,291 | $124,614 +3% |
| 2013 | $5,291 | $120,985 |
| 2012 | -- | $120,985 |
| 2011 | -- | $120,985 -52% |
| 2010 | -- | $252,257 +15.2% |
| 2009 | -- | $219,060 +3% |
| 2008 | -- | $212,679 -10.6% |
| 2007 | -- | $237,777 +121.2% |
| 2006 | -- | $107,494 +3% |
| 2005 | -- | $104,363 +3% |
| 2004 | -- | $101,323 |
| 2003 | -- | $101,323 |
| 2002 | -- | $101,323 |
| 2001 | -- | $101,323 -1.3% |
| 2000 | -- | $102,623 |
Find assessor info on the county website
Neighborhood: Highland
Nearby schools
GreatSchools rating
- 4/10Whittier Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 0.2 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87108
- Highland
- 317 Adams St SE
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Albuquerque Topics
