8 unit portfolio of seven fourplexes, owned by the same family for over 25 years. Located at 3410, 3414, 3418 , 3422, 3430, 3430 and 3438 Thaxton SE, this community is served by all of the new employment and restaurants along the Gibson/Airport corridor.This value-add asset is ripe for an investor looking to reposition an asset. Full inspection reports are now available and the new price reflects the work that could be done by the next owner.As the ask price of $2,445,000 and with an average rent of $723, the measures of investment performance include $87,123 per unit, $114.15 per square foot, a before reserves cap rates of 6.10%, and an after tax IRR of 13.60%.If rents are moved to market of $1,050, measure of investment performance improve to a cap rate of 10.02%.
Sold
Price Unknown
3410 Thaxton Ave SE, Albuquerque, NM 87106
2beds
1baths
21,420sqft
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$--/sqft
$1,426 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,426/mo
Zestimate® history
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New employmentAirport corridor
Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.
Bought with:
Kyle E Deacon, 15579
Deacon Property Services
Source: SWMLS,MLS#: 1013743
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Laundry: Washer Hookup
Features
- Flooring: Carpet, Vinyl
- Has basement: No
Interior area
- Total structure area: 21,420
- Total interior livable area: 21,420 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
Lot
- Size: 6,098 sqft
Details
- Has additional parcels: Yes
- Parcel number: 101605642115841016
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer, Frame
Condition
- Resale
- New construction: No
- Year built: 1963
Utilities & green energy
- Electric: None
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Albuquerque
- Subdivision: Knob Heights
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2023 | Sold | -- |
Source:  SWMLS #1013743 Report a problem | ||
| 7/3/2023 | Pending sale | $2,445,000$114/sqft |
Source: SWMLS #1013743 Report a problem | ||
| 6/30/2023 | Contingent | $2,445,000$114/sqft |
Source: SWMLS #1013743 Report a problem | ||
| 3/31/2023 | Price change | $2,445,000-2%$114/sqft |
Source: SWMLS #1013743 Report a problem | ||
| 12/2/2022 | Pending sale | $2,495,000$116/sqft |
Source: SWMLS #1013743 Report a problem | ||
| 11/3/2022 | Price change | $2,495,000-10.4%$116/sqft |
Source: SWMLS #1013743 Report a problem | ||
| 9/27/2022 | Listed for sale | $2,784,448$130/sqft |
Source: SWMLS #1013743 Report a problem | ||
| 9/1/2022 | Pending sale | $2,784,448$130/sqft |
Source: SWMLS #1013743 Report a problem | ||
| 5/2/2022 | Listed for sale | $2,784,448$130/sqft |
Source: SWMLS #1013743 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,911 +3.2% | $92,554 +3% |
| 2024 | $3,791 -1.3% | $89,858 |
| 2023 | $3,840 +96.8% | $89,858 +95.9% |
| 2022 | $1,951 +3.5% | $45,877 +3% |
| 2021 | $1,886 +1.7% | $44,542 +3% |
| 2020 | $1,855 | $43,244 +3% |
| 2019 | -- | $41,985 |
| 2018 | $1,591 -8.4% | $41,985 +3% |
| 2017 | $1,736 +6.2% | $40,762 +6.1% |
| 2016 | $1,635 -95.6% | $38,423 +3% |
| 2015 | $37,304 +2325.6% | $37,304 +3% |
| 2014 | $1,538 | $36,218 +3% |
| 2013 | $1,538 | $35,163 |
| 2012 | -- | $35,163 |
| 2011 | -- | $35,163 |
| 2010 | -- | $35,163 +11.6% |
| 2009 | -- | $31,510 +3% |
| 2008 | -- | $30,592 +3% |
| 2007 | -- | $29,702 +3% |
| 2006 | -- | $28,837 -8% |
| 2005 | -- | $31,336 +3% |
| 2004 | -- | $30,423 -8.1% |
| 2003 | -- | $33,110 |
| 2002 | -- | $33,110 -25.9% |
| 2001 | -- | $44,662 +29.2% |
| 2000 | -- | $34,564 |
Find assessor info on the county website
Neighborhood: 87106
Nearby schools
GreatSchools rating
- 7/10Kirtland Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 2.8 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87106
- 3410 Thaxton Ave SE
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