9% capitalization rate and $42k+ annual gross income. This cash-flowing 4-unit building is comprised of four 1-bedroom, 1-bathroom apartments each with an enclosed backyard. One unit was vacated on 11/23 and is in the process of being rented, but this unit can be left vacant for an owner-occupant if you act fast. Amenities and recent improvements include: new TPO roof installed in 2023, fresh exterior paint, newer evaporative coolers, updated bathrooms and kitchens. This multifamily investment opportunity is in the University area near Kirtland Air Force Base, Sandia National Laboratories, the upcoming MaxQ mixed-use development at Kirtland, the regional VA Medical Center, the Puerta del Sol Golf Course, and the city's extensive transit system. The property is professionally managed.
Sold
Price Unknown
3410 Crest Ave SE, Albuquerque, NM 87106
4beds
4baths
1,875sqft
Quadruplex, Multi Family
Built in 1951
-- sqft lot
$-- Zestimate®
$--/sqft
$2,432 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,432/mo
Zestimate® history
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List your homeWhat's special
Regional va medical centerFresh exterior paintNewer evaporative coolersUpdated bathrooms
Zillow last checked:
Listing updated:
Listed by:
Christopher John Newman 505-485-2110,
Keller Williams Realty,
Ben M Maestas 505-604-2000,
Maestas New Mexico Real Estate
Bought with:
Medina Real Estate Inc
Keller Williams Realty
Source: SWMLS,MLS#: 1044769
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Electric Range, Refrigerator
Features
- Flooring: Tile
- Has basement: No
Interior area
- Total structure area: 1,875
- Total interior livable area: 1,875 sqft
Property
Parking
- Total spaces: 4
Features
- Levels: One
- Stories: 1
Lot
- Size: 7,405 sqft
Details
- Parcel number: 101605642602440217
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1951
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Albuquerque
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2024 | Sold | -- |
Source:  SWMLS #1044769 Report a problem | ||
| 12/18/2023 | Pending sale | $349,000$186/sqft |
Source: SWMLS #1044769 Report a problem | ||
| 11/23/2023 | Listed for sale | $349,000$186/sqft |
Source: SWMLS #1044769 Report a problem | ||
| 11/15/2023 | Listing removed | -- |
Source: SWMLS #1044769 Report a problem | ||
| 11/14/2023 | Listed for sale | $349,000-5.4%$186/sqft |
Source: SWMLS #1044769 Report a problem | ||
| 3/2/2023 | Listing removed | -- |
Source: SWMLS #1022105 Report a problem | ||
| 11/22/2022 | Listed for sale | $369,000$197/sqft |
Source: SWMLS #1022105 Report a problem | ||
| 10/27/2022 | Pending sale | $369,000$197/sqft |
Source: SWMLS #1022105 Report a problem | ||
| 10/23/2022 | Price change | $369,000-1.6%$197/sqft |
Source: SWMLS #1022105 Report a problem | ||
| 10/15/2022 | Listed for sale | $375,000$200/sqft |
Source: SWMLS #1022105 Report a problem | ||
| 10/11/2022 | Pending sale | $375,000$200/sqft |
Source: SWMLS #1022105 Report a problem | ||
| 10/10/2022 | Listed for sale | $375,000$200/sqft |
Source: SWMLS #1022105 Report a problem | ||
| 9/11/2022 | Listing removed | -- |
Source: SWMLS #1022105 Report a problem | ||
| 9/2/2022 | Listed for sale | $375,000$200/sqft |
Source: SWMLS #1022105 Report a problem | ||
| 8/13/2022 | Listing removed | -- |
Source: SWMLS #1020168 Report a problem | ||
| 8/3/2022 | Listed for sale | $375,000$200/sqft |
Source: SWMLS #1020168 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,932 +68.1% | $93,058 +67.9% |
| 2024 | $2,339 +1.7% | $55,432 +3% |
| 2023 | $2,300 +3.5% | $53,817 +3% |
| 2022 | $2,222 +3.5% | $52,251 +3% |
| 2021 | $2,148 -91.7% | $50,729 +19.4% |
| 2020 | $25,950 | $42,502 +3% |
| 2019 | -- | $41,265 |
| 2018 | $14,623 -22.3% | $41,265 +3% |
| 2017 | $18,821 +6.2% | $40,063 |
| 2016 | $17,726 -55.8% | $40,063 |
| 2015 | $40,063 +212.9% | $40,063 |
| 2014 | $12,803 | $40,063 |
| 2013 | $12,803 | $40,063 -23.3% |
| 2012 | -- | $52,229 |
| 2011 | -- | $52,229 |
| 2010 | -- | $52,229 +37.6% |
| 2009 | -- | $37,966 +3% |
| 2008 | -- | $36,860 +3% |
| 2007 | -- | $35,786 +3% |
| 2006 | -- | $34,745 +3% |
| 2005 | -- | $33,733 +3% |
| 2004 | -- | $32,750 +3% |
| 2003 | -- | $31,796 +2.9% |
| 2002 | -- | $30,897 +3% |
| 2001 | -- | $29,997 +50% |
| 2000 | -- | $19,999 |
Find assessor info on the county website
Neighborhood: 87106
Nearby schools
GreatSchools rating
- 7/10Kirtland Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 3 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87106
- 3410 Crest Ave SE
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Albuquerque Topics
