For sale

Price cut: $3K (8/27)

$295,000

3518 Eastern Ave SE, Albuquerque, NM 87106

2beds

2baths

1,282sqft

$2,145/mo

Get pre-qualified

Duplex, Multi Family

Built in 1953

-- sqft lot

$-- Zestimate^®

$230/sqft

$-- HOA

What's special

Freshly paintedTpo roofTankless water heatersHardwood floorsMini-splits in both unitsDouble-paned windows

Prime UNM investment opportunity! This well-maintained pueblo-style duplex delivers steady income, modern upgrades, and unbeatable location appeal. Both units feature hardwood floors, open living/kitchen layouts, and private 1-bed/1-bath floorplans with access to a large, fully fenced backyard which could be divided. Major improvements include newer 3'' insulated stucco, TPO roof, double-paned windows, tankless water heaters, and mini-splits in both units--ideal for low maintenance and long-term efficiency. One unit is tenant-occupied; the other is freshly painted and ready to lease or occupy. Excellent rental history and strong demand in this high-performing area make this a smart, turnkey addition to any portfolio.

133 days
453
43

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2

Heating

Ductless

Cooling

Ductless, Refrigerated

Appliances

Included: Dryer, Free-Standing Electric Range, Refrigerator, Washer

Features

Skylights
Flooring: Carpet Free, Wood
Windows: Skylight(s)

Interior area

Total structure area: 1,282
Total interior livable area: 1,282 sqft

Property

Features

Levels: One
Stories: 1

Lot

Size: 4,791 Square Feet

Details

Parcel number: 101605649105740518
Zoning description: R-MH*

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family

Materials

Stucco

Condition

Resale
New construction: No
Year built: 1953

Utilities & green energy

Electric: None
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Subdivision: Knob Heights Add

Location

Region: Albuquerque

Financial & listing details

Price per square foot: $230/sqft
Tax assessed value: $109,330
Annual tax amount: $1,539
Date on market: 5/29/2026
Cumulative days on market: 134 days
Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
Total actual rent: 700
Tenant pays: Electricity

Estimated market value

Not available

Estimated sales range

Not available

$2,011/mo

Price history

Date	Event	Price
8/27/2026	Price change	$295,000-1%$230/sqft
Source: SWMLS #1104442 Report a problem
7/16/2026	Price change	$298,000-0.7%$232/sqft
Source: SWMLS #1104442 Report a problem
5/29/2026	Listed for sale	$300,000+106.9%$234/sqft
Source: SWMLS #1104442 Report a problem
4/30/2014	Sold	--
Source: Agent Provided Report a problem
11/11/2013	Price change	$145,000-3.3%$113/sqft
Source: Equity New Mexico #768437 Report a problem
8/12/2013	Listed for sale	$150,000+58.1%$117/sqft
Source: Owner #TBD Report a problem
1/11/2013	Listing removed	$94,900$74/sqft
Source: Consumer Advantage Real Estate Services #743943 Report a problem
12/28/2012	Price change	$94,900-4%$74/sqft
Source: Consumer Advantage Real Estate Services #743943 Report a problem
11/28/2012	Price change	$98,900-5.7%$77/sqft
Source: Consumer Advantage Real Estate Services #743943 Report a problem
10/27/2012	Price change	$104,900-4.5%$82/sqft
Source: Consumer Advantage Real Estate Services #743943 Report a problem
9/26/2012	Price change	$109,900-15.5%$86/sqft
Source: Homepath #741176 Report a problem
8/21/2012	Price change	$130,000-13.3%$101/sqft
Source: Homepath #741176 Report a problem
4/21/2012	Listed for sale	$149,900$117/sqft
Source: Maestas New Mexico Real Estate #717595 Report a problem
3/18/2012	Listing removed	$149,900$117/sqft
Source: Maestas New Mexico Real Estate #717595 Report a problem
9/6/2011	Listed for sale	$149,900$117/sqft
Source: Maestas New Mexico Real Estate #717595 Report a problem
11/12/2002	Sold	--
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,540 +3.2%	$36,440 +3%
2024	$1,493 +1.7%	$35,379 +3%
2023	$1,468 +107%	$34,349 +3%
2022	$709 +3.5%	$33,348 +3%
2021	$685 -49.2%	$32,378 +3%
2020	$1,348	$31,435 +3%
2019	--	$30,519
2018	$1,264 +0.1%	$30,519 +3%
2017	$1,262 +0.1%	$29,630
2016	$1,261 -95.7%	$29,630
2015	$29,630 +2255%	$29,630
2014	$1,258	$29,630 -0.9%
2013	$1,258	$29,897 -20.1%
2012	--	$37,429
2011	--	$37,429
2010	--	$37,429 +30.1%
2009	--	$28,772 +3%
2008	--	$27,934 +3%
2007	--	$27,120 +3%
2006	--	$26,330 +6.2%
2005	--	$24,797 +1.6%
2004	--	$24,398 +3%
2003	--	$23,687 +3%
2002	--	$22,997 +3%
2001	--	$22,331 +38.1%
2000	--	$16,165