423 Princeton SE is located just 4 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store.The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, used for storage, located on the west side parking lot of the property, as part of the sale
Sold
Price Unknown
423 Princeton Dr SE, Albuquerque, NM 87106
3beds
4baths
2,056sqft
Quadruplex, Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$--/sqft
$2,559 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,559/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:
Liska Maddox, 47587
Maddox & Co/REALTORS
Source: SWMLS,MLS#: 1062189
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Carpet, Tile, Wood
- Has basement: Yes
Interior area
- Total structure area: 2,056
- Total interior livable area: 2,056 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101605717303830902
- 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: 1940
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: University Heights
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $457,700
- Annual tax amount: $2,398
- Date on market: 5/7/2024
- Cumulative days on market: 29 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Other, See Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2024 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/11/2024 | Price change | $1,250-3.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/25/2024 | Sold | -- |
Source:  SWMLS #1062189 Report a problem | ||
| 7/25/2024 | Listed for rent | $1,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/5/2024 | Pending sale | $508,245$247/sqft |
Source: SWMLS #1062189 Report a problem | ||
| 5/7/2024 | Listed for sale | $508,245+78.3%$247/sqft |
Source: SWMLS #1062189 Report a problem | ||
| 7/19/2009 | Listing removed | $285,000$139/sqft |
Source: KL Werner & Associates Real Estate, LLC #646911 Report a problem | ||
| 4/10/2009 | Listed for sale | $285,000$139/sqft |
Source: Listhub #646911 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,446 +164.3% | $152,551 +163.9% |
| 2024 | $2,439 +1.7% | $57,813 +3% |
| 2023 | $2,399 +3.5% | $56,130 +3% |
| 2022 | $2,318 +3.5% | $54,494 +3% |
| 2021 | $2,240 +1.7% | $52,908 +3% |
| 2020 | $2,203 | $51,367 +3% |
| 2019 | -- | $49,872 |
| 2018 | $1,890 -8.4% | $49,872 +3% |
| 2017 | $2,063 +6.2% | $48,419 +6.1% |
| 2016 | $1,942 -95.6% | $45,640 +3% |
| 2015 | $44,311 +2325.6% | $44,311 +3% |
| 2014 | $1,827 | $43,021 +3% |
| 2013 | $1,827 | $41,769 -16.5% |
| 2012 | -- | $49,995 -40.5% |
| 2011 | -- | $83,992 |
| 2010 | -- | $83,992 +126.3% |
| 2009 | -- | $37,110 +3% |
| 2008 | -- | $36,030 +3% |
| 2007 | -- | $34,981 +3% |
| 2006 | -- | $33,962 +3% |
| 2005 | -- | $32,974 +3% |
| 2004 | -- | $32,013 -22.6% |
| 2003 | -- | $41,367 +3% |
| 2002 | -- | $40,162 +2.7% |
| 2001 | -- | $39,096 +70% |
| 2000 | -- | $22,998 |
Find assessor info on the county website
Neighborhood: University Hts
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Nearby schools
GreatSchools rating
- 9/10Bandelier Elementary SchoolGrades: K-5Distance: 0.6 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 2.2 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 1.9 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87106
- University Hts
- 423 Princeton Dr SE
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