Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns.This fourplex contains two bedroom one bathroom units that are renting at $1,200. There are washer dryer hook-ups in each unit and the units are renovated.At the current average rents of $1,200, and an ask price of $486,614 the measures of investment performance include a price per unit of $121,654, price per square foot of $160.49, a GRM of 8.45, an after reserves cap rate of 6.65%.If rents are raised to the market average of $1,325, the measures of investment performance improve to a before reserves cap rare of 6.95%.
Sold
Price Unknown
401 Georgia St SE, Albuquerque, NM 87108
2beds
1baths
3,032sqft
Quadruplex, Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$--/sqft
$1,121 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,121/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.
Bought with:
Michael Schlichte, 17987
Absolute Real Estate
Source: SWMLS,MLS#: 1054702
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Refrigerator
Features
- Flooring: Carpet, Tile
- Has basement: No
Interior area
- Total structure area: 3,032
- Total interior livable area: 3,032 sqft
Property
Parking
- Total spaces: 6
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 sqft
Details
- Has additional parcels: Yes
- Parcel number: 101805641752312811
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1980
Utilities & green energy
- Electric: None
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Albuquerque
- Subdivision: Mesa Park
Other
Other facts
- Listing terms: Cash,Owner May Carry,Other,See Remarks,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 12/26/2025 | Listing removed | $510,000$168/sqft |
Source:  SWMLS #1092985 Report a problem | ||
| 10/15/2025 | Listed for sale | $510,000+4.8%$168/sqft |
Source: SWMLS #1092985 Report a problem | ||
| 4/12/2024 | Sold | -- |
Source: SWMLS #1054702 Report a problem | ||
| 3/19/2024 | Pending sale | $486,614$160/sqft |
Source: SWMLS #1054702 Report a problem | ||
| 3/8/2024 | Listed for sale | $486,614$160/sqft |
Source: SWMLS #1054702 Report a problem | ||
| 1/19/2024 | Pending sale | $486,614$160/sqft |
Source: SWMLS #1054702 Report a problem | ||
| 12/27/2023 | Listed for sale | $486,614+51.1%$160/sqft |
Source: SWMLS #1054702 Report a problem | ||
| 9/17/2022 | Sold | -- |
Source: SWMLS #1018600 Report a problem | ||
| 7/30/2022 | Pending sale | $322,000$106/sqft |
Source: SWMLS #1018600 Report a problem | ||
| 7/9/2022 | Listed for sale | $322,000$106/sqft |
Source: SWMLS #1018600 Report a problem | ||
| 9/1/2005 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,704 +12.5% | $87,658 +12.3% |
| 2024 | $3,294 +1.7% | $78,067 +3% |
| 2023 | $3,239 +52.2% | $75,793 +51.5% |
| 2022 | $2,128 +106.9% | $50,035 +3% |
| 2021 | $1,028 -49.2% | $48,578 +3% |
| 2020 | $2,023 | $47,164 +3% |
| 2019 | -- | $45,790 |
| 2018 | $1,858 -1.9% | $45,790 +3% |
| 2017 | $1,894 +2.2% | $44,458 +2.1% |
| 2016 | $1,853 -95.7% | $43,563 |
| 2015 | $43,563 +2235.4% | $43,563 -0.8% |
| 2014 | $1,865 | $43,929 -5.1% |
| 2013 | $1,865 | $46,294 |
| 2012 | -- | $46,294 |
| 2011 | -- | $46,294 |
| 2010 | -- | $46,294 -9.7% |
| 2009 | -- | $51,243 +3% |
| 2008 | -- | $49,751 +3% |
| 2007 | -- | $48,303 +3% |
| 2006 | -- | $46,896 +53.7% |
| 2005 | -- | $30,515 +3% |
| 2004 | -- | $29,626 +3% |
| 2003 | -- | $28,764 |
| 2002 | -- | $28,764 -28.9% |
| 2001 | -- | $40,463 +47.4% |
| 2000 | -- | $27,456 |
Find assessor info on the county website
Neighborhood: South San Pedro
Nearby schools
GreatSchools rating
- 5/10Emerson Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Van Buren Middle SchoolGrades: 6-8Distance: 0.5 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1.1 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87108
- South San Pedro
- 401 Georgia St SE
Nearby cities
Nearby neighborhoods
Nearby zip codes
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