BACK ON MARKET. Don't miss seeing this one this time! Exceptional investment opportunity in the desirable UNM South area! This single-story triplex features three 2-bedroom, 1-bath units, each offering durable solid-surface flooring and convenient stackable washer/dryer units. Two units include garage/storage space, adding value and appeal for tenants. Two of the three units are currently rented, providing immediate income potential, while the remaining unit offers flexibility for owner occupancy or additional rental income. Conveniently located near UNM, downtown, shopping, dining, and major commuter routes, this property is an excellent addition to an investment portfolio or a smart owner-investment opportunity.
Pending
$495,000
502 Vassar Dr SE, Albuquerque, NM 87106
6beds
3baths
2,457sqft
Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$201/sqft
$-- HOA
What's special
Durable solid-surface flooring
- 39 days |
- 206 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Charlene Rockwell 505-220-0792,
Coldwell Banker Legacy 505-292-8900
Source: SWMLS,MLS#: 1105057
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Floor Furnace
Cooling
- Evaporative Cooling, Ceiling Fan(s)
Appliances
- Included: Dryer, Free-Standing Gas Range, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Ceiling Fan(s)
- Flooring: Laminate, Wood
Interior area
- Total structure area: 2,457
- Total interior livable area: 2,457 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101605723102530404
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1946
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Storage Facilities
- Subdivision: University Hts Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $201/sqft
- Tax assessed value: $378,400
- Annual tax amount: $5,329
- Date on market: 6/8/2026
- Cumulative days on market: 27 days
- Listing terms: Cash,Conventional
- Total actual rent: 2300
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$2,575/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Pending sale | $495,000$201/sqft |
Source:  SWMLS #1105057 Report a problem | ||
| 6/27/2026 | Listed for sale | $495,000$201/sqft |
Source: SWMLS #1105057 Report a problem | ||
| 6/15/2026 | Pending sale | $495,000$201/sqft |
Source: SWMLS #1105057 Report a problem | ||
| 6/8/2026 | Listed for sale | $495,000$201/sqft |
Source: SWMLS #1105057 Report a problem | ||
| 11/6/2018 | Sold | -- |
Source: SWMLS #929712 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,329 +0.1% | $126,120 |
| 2024 | $5,321 +17.9% | $126,120 +19.4% |
| 2023 | $4,515 | $105,656 |
| 2022 | -- | $105,656 +2.1% |
| 2021 | $4,381 +1.7% | $103,470 +3% |
| 2020 | $4,309 | $100,457 |
| 2019 | -- | $100,457 |
| 2018 | $1,557 -8.4% | $100,457 +151.8% |
| 2017 | $1,699 +6.2% | $39,893 +6.1% |
| 2016 | $1,600 -95.6% | $37,604 +3% |
| 2015 | $36,508 +2325.5% | $36,508 +3% |
| 2014 | $1,505 | $35,446 +3% |
| 2013 | $1,505 | $34,414 |
| 2012 | -- | $34,414 |
| 2011 | -- | $34,414 |
| 2010 | -- | $34,414 -19.6% |
| 2009 | -- | $42,793 +3% |
| 2008 | -- | $41,548 +3% |
| 2007 | -- | $40,337 +3% |
| 2006 | -- | $39,163 +3% |
| 2005 | -- | $38,023 +3% |
| 2004 | -- | $36,916 +3% |
| 2003 | -- | $35,841 +3% |
| 2002 | -- | $34,797 -12.5% |
| 2001 | -- | $39,763 +49.1% |
| 2000 | -- | $26,664 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Victory Hills
Nearby schools
GreatSchools rating
- 9/10Bandelier Elementary SchoolGrades: K-5Distance: 0.5 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 2.1 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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