Attention investors! This Southeast Heights 4-plex is a fantastic opportunity to expand your investment portfolio. The property features four fully occupied 2-bedroom, 1-bath units, each with its own individual utility meter. Conveniently located near shopping, dining, and everyday amenities, this income-producing property offers strong rental appeal in a desirable location.
For sale
$469,000
528 Alvarado Dr SE, Albuquerque, NM 87108
8beds
4baths
3,640sqft
:
Get pre-qualified$3,123/mo
Quadruplex, Multi Family
Built in 2011
-- sqft lot
$-- Zestimate®
$129/sqft
$-- HOA
What's special
- 63 days |
- 204 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Janis E Fensterer 505-379-9360,
Realty One of New Mexico 505-883-9400
Source: SWMLS,MLS#: 1104528
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Forced Air
Cooling
- Refrigerated
Appliances
- Included: Dryer, Dishwasher, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 3,640
- Total interior livable area: 3,640 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 Square Feet
Details
- Has additional parcels: Yes
- Parcel number: 101805614248922918
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Stucco
Condition
- Resale
- New construction: No
- Year built: 2011
Utilities & green energy
- Electric: Other
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Shirley S Subd
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $129/sqft
- Tax assessed value: $304,104
- Annual tax amount: $4,282
- Date on market: 5/29/2026
- Cumulative days on market: 64 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3195
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$1,549/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2026 | Listed for sale | $469,000-3.3%$129/sqft |
Source:  SWMLS #1104528 Report a problem | ||
| 9/13/2025 | Listing removed | $485,000$133/sqft |
Source: SWMLS #1080970 Report a problem | ||
| 7/13/2025 | Listed for sale | $485,000$133/sqft |
Source: SWMLS #1080970 Report a problem | ||
| 7/9/2025 | Pending sale | $485,000$133/sqft |
Source: SWMLS #1080970 Report a problem | ||
| 4/26/2025 | Price change | $485,000-3%$133/sqft |
Source: SWMLS #1080970 Report a problem | ||
| 3/28/2025 | Listed for sale | $499,900+61.3%$137/sqft |
Source: SWMLS #1080970 Report a problem | ||
| 3/31/2021 | Sold | -- |
Source: SWMLS #965255 Report a problem | ||
| 2/28/2021 | Pending sale | $310,000$85/sqft |
Source: SWMLS #965255 Report a problem | ||
| 2/19/2021 | Price change | $310,000+3.4%$85/sqft |
Source: SWMLS #965255 Report a problem | ||
| 2/18/2021 | Pending sale | $299,900-3.3%$82/sqft |
Source: SWMLS #965255 Report a problem | ||
| 2/18/2021 | Price change | $310,000+3.4%$85/sqft |
Source: SWMLS #965255 Report a problem | ||
| 11/19/2020 | Pending sale | $299,900$82/sqft |
Source: High Desert Realty #965255 Report a problem | ||
| 6/1/2020 | Listed for sale | $299,900$82/sqft |
Source: High Desert Realty #965255 Report a problem | ||
| 5/21/2020 | Pending sale | $299,900$82/sqft |
Source: High Desert Realty #965255 Report a problem | ||
| 5/11/2020 | Listed for sale | $299,900$82/sqft |
Source: High Desert Realty #965255 Report a problem | ||
| 4/10/2020 | Pending sale | $299,900$82/sqft |
Source: High Desert Realty #965255 Report a problem | ||
| 3/26/2020 | Listed for sale | $299,900$82/sqft |
Source: High Desert Realty #965255 Report a problem | ||
| 11/23/2016 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,283 +3.2% | $101,358 +3% |
| 2024 | $4,152 +1.7% | $98,406 +3% |
| 2023 | $4,083 +3.5% | $95,540 +3% |
| 2022 | $3,945 +20.1% | $92,757 +19.5% |
| 2021 | $3,286 +1.7% | $77,620 +3% |
| 2020 | $3,232 | $75,359 |
| 2019 | -- | $75,359 |
| 2018 | $2,285 -28.8% | $75,359 |
| 2017 | $3,210 +36.7% | $75,359 +36.6% |
| 2016 | $2,347 -95.6% | $55,176 +3% |
| 2015 | $53,568 +2325.6% | $53,568 +3% |
| 2014 | $2,208 | $52,008 -27.8% |
| 2013 | $2,208 | $72,059 -4.4% |
| 2012 | -- | $75,359 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South San Pedro
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: 0.6 mi
- $---- bd-- ba104 sqft528 Alvarado Dr SE UNIT 3, Albuquerque, NM 87108Off Market
- $--2 bd1 ba800 sqft528 Alvarado Dr SE UNIT C, Albuquerque, NM 87108Off Market
- $---- bd-- ba-- sqft528 Alvarado Dr SE APT 2, Albuquerque, NM 87108Off Market
- $--8 bd4 ba3.6k sqft530 Alvarado Dr SE, Albuquerque, NM 87108Sold
- $110,8334 bd2 ba1.6k sqft526 Alvarado Dr SE, Albuquerque, NM 87108Off Market
- $299,6004 bd3 ba1.9k sqft536 Alvarado Dr SE #A/B, Albuquerque, NM 87108Off Market
- $295,700-- bd-- ba1.9k sqft536 Alvarado Dr SE APT A, Albuquerque, NM 87108Off Market
- $94,872-- bd-- ba822 sqft520 Alvarado Dr SE, Albuquerque, NM 87108Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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