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Pending
  • $750,000

    502 Headingly Ave NW, Albuquerque, NM 87107

    12beds
    8baths
    4,747sqft
    : 
    $4,995/mo
    Get pre-qualified
    Multi Family
    Built in 1951
    -- sqft lot
    $-- Zestimate®
    $158/sqft
    $-- HOA

    What's special

    FOUR-ADDRESS 7-UNIT INCOME COMPOUND ON ONE LOT! Rare commercial multi-family investment portfolio opportunity featuring four distinct physical addresses 502 Headingly Ave NW, 504 Headingly Ave NW, 506 Headingly Ave NW, and 3921 5th St NW. all legally situated on one single, low-maintenance parcel. Streamlined portfolio management with massive high-density cash flow.Current Unit Breakdown (5 Turn-Key Units):Two separate duplexes: Each featuring 2-bedroom, 1-bathroom layouts.One detached home: Featuring a 2-bedroom, 1-bathroom layout.Two detached cottages: Each featuring cozy 1-bedroom, 1-bathroom layouts.Massive Value-Add Potential (6th & 7th Units):The property features an additional standalone structure primed for immediate equity growth. The framework, electrical wiring, and plumbing rough-ins are completely in place--finish it out to instantly add a 6th rent-generating unit! Additionally, there is potential to optimize/add a 7th unit on-site. Property is priced and valued based on its current operational footprint, giving the next owner massive built-in upside.Important Disclosures: Sold strictly AS-IS, WHERE-IS. Please submit all offers subject to interior inspection out of respect for current occupants. Buyer is strictly responsible for independently verifying all unit square footages, exact utility configurations/metering, local zoning codes, certificate of occupancy status, and permitting/completion requirements for the unfinished spaces prior to the expiration of contingencies. Call today for a complete APOD sheet, rent roll, and to schedule your private tour!
    14 days
    |
    136
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Terrance Belcher 505-399-0291,

    AIM Properties 505-312-8651

    Source: SWMLS,MLS#: 1108818MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 8
      Heating
      • Central, Other, Wall Furnace
      Cooling
      • Evaporative Cooling, Ceiling Fan(s)
      Appliances
      • Included: Free-Standing Electric Range, Free-Standing Gas Range, Refrigerator
      Features
      • Ceiling Fan(s)
      • Flooring: Vinyl
      Interior area
      • Total structure area: 4,747
      • Total interior livable area: 4,747 sqft

      Property

      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 0.46 Acres
      Details
      • Parcel number: 101406032726810119
      • Zoning description: R-1C*

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Resale
      • New construction: No
      • Year built: 1951

      Utilities & green energy

      • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
      Green energy
      • Energy generation: None

      Community & HOA

      Community
      • Subdivision: Monkbridge
      Location
      • Region: Albuquerque

      Financial & listing details

      • Price per square foot: $158/sqft
      • Tax assessed value: $279,299
      • Annual tax amount: $6,895
      • Date on market: 8/10/2026
      • Cumulative days on market: 14 days
      • Listing terms: Cash,Conventional
      • Total actual rent: 6550
      • Tenant pays: Electricity, Gas

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,589/mo

        Price history

        DateEventPrice
        8/12/2026Pending sale$750,000$158/sqft
        Source: SWMLS #1108818 Report a problem
        8/10/2026Listed for sale$750,000+7.3%$158/sqft
        Source: SWMLS #1108818 Report a problem
        5/1/2026Listing removed$699,000$147/sqft
        Source: SWMLS #1093208 Report a problem
        2/19/2026Listing removed$1,000
        Source: Zillow Rentals Report a problem
        1/28/2026Price change$1,000-4.8%
        Source: Zillow Rentals Report a problem
        1/13/2026Listed for rent$1,050+61.5%
        Source: Zillow Rentals Report a problem
        12/3/2025Price change$699,000-6.8%$147/sqft
        Source: SWMLS #1093208 Report a problem
        10/20/2025Listed for sale$750,000$158/sqft
        Source: SWMLS #1093208 Report a problem
        10/1/2018Listing removed$650
        Source: AIM Properties Report a problem
        9/12/2018Price change$650-7.1%
        Source: AIM Properties Report a problem
        8/6/2018Price change$700-6.7%
        Source: Zillow Rental Manager Report a problem
        8/2/2018Listed for rent$750+36.4%
        Source: Zillow Rental Manager Report a problem
        9/20/2017Listing removed$550
        Source: Aim Propeties Report a problem
        9/19/2017Listed for rent$550-7.6%
        Source: Aim Propeties Report a problem
        2/21/2017Listing removed$595
        Source: Aim Propeties Report a problem
        1/31/2017Price change$595+13.3%
        Source: Aim Propeties Report a problem
        1/27/2017Listed for rent$525
        Source: Aim Propeties Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,498 +3.1%$93,090 +3%
        2024$4,362 +1.9%$90,379 +3%
        2023$4,282 -69%$87,747 +3%
        2022$13,824 +57.6%$85,191
        2021$8,773 -37.1%$85,191 -0.3%
        2020$13,948 $85,458 -0.3%
        2019-- $85,724
        2018$3,866 -5.6%$85,724 -0.3%
        2017$4,097 +2.6%$85,958 +1.5%
        2016$3,992 -95.1%$84,677 +3%
        2015$82,211 +2108.7%$82,211 +3%
        2014$3,722 $79,817 +3%
        2013$3,722 $77,492 -5.4%
        2012-- $81,911
        2011-- $81,911
        2010-- $81,911 -11.8%
        2009-- $92,855
        2008-- $92,855
        2007-- $92,855 +3%
        2006-- $90,150 +3%
        2005-- $87,524
        2004-- $87,524
        2003-- $87,524 +0.4%
        2002-- $87,164 +3%
        2001-- $84,625 -1.1%
        2000-- $85,558
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Monkbridge Gardens

        Getting around

        63 / 100
        Somewhat Walkable
        24 / 100
        Minimal Transit
        60 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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