8-unit multifamily investment opportunity in one of Albuquerque's most consistently in-demand rental submarkets. Very close proximity to the University of New Mexico, CNM, and hospitals. Two separate 4-unit buildings on one lot, offering flexibility for phased renovation. Unit mix: two large 1BR/1BA, one 2BR/1BA, and five oversized studios. Ample off street parking, a rarity in this submarket. Proximity to UNM keeps occupancy resilient.
For sale
$850,000
414 Pine St SE, Albuquerque, NM 87106
4beds
8baths
--sqft
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Ample off street parkingFive oversized studios
- 39 days
- 96
- 8
Zillow last checked:
Listing updated:
Listed by:
Faithe Real Estate Group 505-401-0721,
Keller Williams Realty 505-271-8200
Source: SWMLS,MLS#: 1111607
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 8
Heating
- Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Laminate, Vinyl, Wood
- Fireplace features: Option
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 101505733617541401
- Zoning description: SU-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Resale
- New construction: No
- Year built: 1948
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Terrace Addition
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $329,000
- Annual tax amount: $4,633
- Date on market: 9/27/2026
- Listing terms: Cash,Conventional
- Total actual rent: 5615
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2026 | Listed for sale | $850,000 |
Source:  SWMLS #1111607 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,633 +100.6% | $109,656 +100.3% |
| 2024 | $2,309 +1.7% | $54,737 +3% |
| 2023 | $2,271 +3.5% | $53,143 +3% |
| 2022 | $2,195 +0.5% | $51,595 |
| 2021 | $2,184 -1.3% | $51,595 |
| 2020 | $2,213 | $51,595 |
| 2019 | -- | $51,595 |
| 2018 | $2,233 +0.9% | $51,595 -0.7% |
| 2017 | $2,213 -0.6% | $51,961 -0.8% |
| 2016 | $2,228 -95.7% | $52,361 |
| 2015 | $52,361 +2255% | $52,361 |
| 2014 | $2,223 | $52,361 -3.4% |
| 2013 | $2,223 | $54,207 |
| 2012 | -- | $54,207 |
| 2011 | -- | $54,207 |
| 2010 | -- | $54,207 -11.1% |
| 2009 | -- | $60,995 |
| 2008 | -- | $60,995 |
| 2007 | -- | $60,995 +3% |
| 2006 | -- | $59,219 +3% |
| 2005 | -- | $57,494 -24.1% |
| 2004 | -- | $75,759 |
| 2003 | -- | $75,759 |
| 2002 | -- | $75,759 |
| 2001 | -- | $75,759 +2.1% |
| 2000 | -- | $74,226 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Silver Hill
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