8.9% CAP RATE!! Amazing 8-unit fully occupied rental investment opportunity! Brick 8 unit complex with Pitched Shingled Roof installed in 2017, W/D Hookups in each unit, Great Open Floor plans, each unit has private backyard, Central Forced Air Heating, Evaporative Cooling, Security Gate, All Units have working Refrigerator, Freezer, Oven & Range, and fully insulated. Close to Major shopping centers, close to Kirkland air force base, UNM area. Very consistent and high occupancy rates. Consists of 2 4plex buildings in the same parcel.
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517 & 521 Palomas Dr SE, Albuquerque, NM 87108
3beds
2baths
--sqft
Multi Family
Built in 1963
-- sqft lot
$604,200 Zestimate®
$--/sqft
$1,347 Estimated rent
Home value
$604,200
$526,000 - $689,000
$1,347/mo
Zestimate® history
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List your homeWhat's special
Security gateGreat open floor plansPrivate backyardCentral forced air heatingEvaporative cooling
Zillow last checked:
Listing updated:
Listed by:
Jose Luis Tinoco-Lopez 505-297-7771,
Re/Max Exclusive
Bought with:
Dominique D Pyle, 51167
Coldwell Banker Legacy
Source: SWMLS,MLS#: 1027104
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Electric Range, Disposal, Refrigerator, Range Hood
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Tile
- Has basement: No
Property
Accessibility
- Accessibility features: Wheelchair Access
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Landscaping, Patio
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: 101805608950522708
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Brick Veneer
Condition
- Resale
- New construction: No
- Year built: 1963
Utilities & green energy
- Electric: None
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Patio
- Security: Security Gate
Location
- Region: Albuquerque
Financial & listing details
- Annual tax amount: $6,240
- Date on market: 12/17/2022
- Cumulative days on market: 145 days
- Listing terms: Cash,Conventional,VA Loan
- Tenant pays: Electricity, Gas, Other, See Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2025 | Listing removed | $850,000 |
Source:  SWMLS #1090425 Report a problem | ||
| 10/14/2025 | Price change | $850,000-3.4% |
Source: SWMLS #1090425 Report a problem | ||
| 9/29/2025 | Price change | $879,800-1.1% |
Source: SWMLS #1090425 Report a problem | ||
| 9/12/2025 | Price change | $889,800-1.1% |
Source: SWMLS #1090425 Report a problem | ||
| 8/27/2025 | Listed for sale | $900,000+28.6% |
Source: SWMLS #1090425 Report a problem | ||
| 8/18/2023 | Sold | -- |
Source: SWMLS #1027104 Report a problem | ||
| 7/18/2023 | Pending sale | $700,000 |
Source: SWMLS #1027104 Report a problem | ||
| 6/23/2023 | Price change | $700,000-1.4% |
Source: SWMLS #1027104 Report a problem | ||
| 6/16/2023 | Price change | $710,000-1.4% |
Source: SWMLS #1027104 Report a problem | ||
| 5/24/2023 | Price change | $720,000-0.7% |
Source: SWMLS #1027104 Report a problem | ||
| 5/6/2023 | Price change | $725,000+1.4% |
Source: SWMLS #1027104 Report a problem | ||
| 5/4/2023 | Listed for sale | $715,000 |
Source: SWMLS #1027104 Report a problem | ||
| 3/2/2023 | Pending sale | $715,000 |
Source: SWMLS #1027104 Report a problem | ||
| 1/30/2023 | Price change | $715,000-1.4% |
Source: SWMLS #1027104 Report a problem | ||
| 12/17/2022 | Listed for sale | $725,000+64.8% |
Source: SWMLS #1027104 Report a problem | ||
| 12/21/2020 | Sold | -- |
Source: SWMLS #967015 Report a problem | ||
| 8/8/2020 | Pending sale | $440,000 |
Source: Red Fox Realty #967015 Report a problem | ||
| 7/29/2020 | Listed for sale | $440,000 |
Source: Red Fox Realty #967015 Report a problem | ||
| 5/18/2020 | Pending sale | $440,000 |
Source: Red Fox Realty #967015 Report a problem | ||
| 5/14/2020 | Listed for sale | $440,000 |
Source: Red Fox Realty #967015 Report a problem | ||
| 5/8/2020 | Pending sale | $440,000 |
Source: Red Fox Realty #967015 Report a problem | ||
| 4/26/2020 | Listed for sale | $440,000 |
Source: Red Fox Realty #967015 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: South San Pedro
Nearby homes
- $1,2002 bd1 ba815 sqft517 Palomas Dr SE #B, Albuquerque, NM 87108For Rent
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- $--2 bd1 ba815 sqft517 Palomas Dr SE #A, Albuquerque, NM 87108Off Market
- $1,0001 bd1 ba685 sqft517 Palomas Dr SE APT D, Albuquerque, NM 87108For Rent
- $375,0006 bd4 ba3k sqft517 Palomas Dr SE, Albuquerque, NM 87108Pending
- $1,2002 bd1 ba815 sqft521 Palomas Dr SE #A, Albuquerque, NM 87108For Rent
- $1,0001 bd1 ba700 sqft521 Palomas Dr SE #C, Albuquerque, NM 87108For Rent
- $--2 bd1 ba815 sqft521 Palomas Dr SE APT B, Albuquerque, NM 87108Off Market
Nearby schools
GreatSchools rating
- 4/10Whittier Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$604,200
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Estimated market value
$604,200
- New Mexico
- Bernalillo County
- Albuquerque
- 87108
- South San Pedro
- 517 & 521 Palomas Dr SE
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