The Broadway Market Building, located at 421 Broadway SE, was built in the early 20th century and originally served as both a neighborhood retail anchor for the Huning Highlands area and one of the city's first live work communities. It housed a classic neighborhood grocery for over 60 years along with many other local shops and an ever vibrant, always fully-occupied apartment community above. In over a hundred years the property has had just two owners. Based on the current average rents of $891 per month, and ask price $1,335,236, the property's measures of investment performance include a 8.45 GRM, 6.97% cap rate before reserves, before tax IRR of 18.0% and an after-tax IRR of 14.3%.
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Price Unknown
421 Broadway Blvd SE, Albuquerque, NM 87102
1beds
3baths
9,250sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$1,999 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,999/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.,
Kyle E Deacon 505-878-0100,
Deacon Property Services
Bought with:
Evan Sanderson, 20670
Simply Real Estate
Source: SWMLS,MLS#: 1063960
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 3
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Wood
- Has basement: Yes
Interior area
- Total structure area: 9,250
- Total interior livable area: 9,250 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.32 Acres
Details
- Parcel number: 101405734225610104
- Zoning description: MX-M*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Adobe, Brick, Brick Veneer, Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: None
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Huning's Highland Addition
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $1,200,000
- Annual tax amount: $5,093
- Date on market: 5/27/2024
- Cumulative days on market: 65 days
- Listing terms: Cash,Conventional
- Tenant pays: Other, See Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2024 | Sold | -- |
Source:  SWMLS #1063960 Report a problem | ||
| 7/31/2024 | Pending sale | $1,335,236$144/sqft |
Source: SWMLS #1063960 Report a problem | ||
| 5/27/2024 | Listed for sale | $1,335,236-18.7%$144/sqft |
Source: SWMLS #1063960 Report a problem | ||
| 2/1/2024 | Listing removed | -- |
Source: SWMLS #1039304 Report a problem | ||
| 8/7/2023 | Listed for sale | $1,642,701$178/sqft |
Source: SWMLS #1039304 Report a problem | ||
| 1/26/2018 | Listing removed | $630 |
Source: Deacon Property Services Report a problem | ||
| 1/5/2018 | Listed for rent | $630+15.6% |
Source: Deacon Property Services Report a problem | ||
| 12/4/2017 | Listing removed | $545 |
Source: Deacon Property Services Report a problem | ||
| 11/21/2017 | Listed for rent | $545-8.4% |
Source: Deacon Property Services Report a problem | ||
| 10/9/2017 | Listing removed | $595 |
Source: Deacon Property Services Report a problem | ||
| 9/16/2017 | Listed for rent | $595-5.6% |
Source: Deacon Property Services Report a problem | ||
| 1/4/2017 | Listing removed | $630+5.9% |
Source: Deacon Property Services Report a problem | ||
| 3/5/2016 | Listing removed | $595 |
Source: Deacon Property Services Report a problem | ||
| 2/12/2016 | Listed for rent | $595 |
Source: Deacon Property Services Report a problem | ||
| 12/30/2015 | Listing removed | $595 |
Source: Deacon Property Services Report a problem | ||
| 12/3/2015 | Price change | $595+5.3% |
Source: Deacon Property Services Report a problem | ||
| 11/7/2015 | Listed for rent | $565 |
Source: Deacon Property Services Report a problem | ||
| 10/2/2015 | Listing removed | $565 |
Source: Deacon Property Services Report a problem | ||
| 9/17/2015 | Listed for rent | $565+7.6% |
Source: Deacon Property Services Report a problem | ||
| 8/4/2015 | Listing removed | $525 |
Source: Deacon Property Services Report a problem | ||
| 7/16/2015 | Listed for rent | $525-4.5% |
Source: Deacon Property Services Report a problem | ||
| 4/28/2013 | Listing removed | $550 |
Source: Deacon Property Services Report a problem | ||
| 4/15/2013 | Listed for rent | $550 |
Source: Deacon Property Services Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,900 +226.3% | $399,960 +225.8% |
| 2024 | $5,180 +1.7% | $122,768 +3% |
| 2023 | $5,093 +3.5% | $119,193 +3% |
| 2022 | $4,922 +0.5% | $115,722 |
| 2021 | $4,899 -1.3% | $115,722 |
| 2020 | $4,964 | $115,722 |
| 2019 | -- | $115,722 |
| 2018 | $4,267 -16.3% | $115,722 -3.3% |
| 2017 | $5,099 +0.2% | $119,688 +0.1% |
| 2016 | $5,086 -95.7% | $119,555 +0.4% |
| 2015 | $119,088 +4581.1% | $119,088 |
| 2014 | $2,544 | $119,088 +0.9% |
| 2013 | $2,544 | $118,055 -3% |
| 2012 | -- | $121,768 |
| 2011 | -- | $121,768 |
| 2010 | -- | $121,768 +3% |
| 2009 | -- | $118,221 +2.6% |
| 2008 | -- | $115,198 |
| 2007 | -- | $115,198 +3% |
| 2006 | -- | $111,843 +3% |
| 2005 | -- | $108,586 |
Find assessor info on the county website
Neighborhood: Broadway Central
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Nearby schools
GreatSchools rating
- 3/10Eugene Field Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Jefferson Middle SchoolGrades: 6-8Distance: 2 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 1.3 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87102
- Broadway Central
- 421 Broadway Blvd SE
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