Excellent investment opportunity! This well-maintained 4-plex at 536 Palomas Dr SE generates $3,214 /month in gross rental income. Unit mix includes four 2 bed/1 bath units. Features include off-street parking, private enclosed courtyards, newer windows, and newer stucco. A turnkey addition to any investment portfolio with strong cash flow.
For sale
$420,000
532 Palomas Dr SE, Albuquerque, NM 87108
8beds
4baths
3,136sqft
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$134/sqft
$-- HOA
What's special
Off-street parkingPrivate enclosed courtyardsNewer stuccoNewer windows
- 2 days
- 25
- 4
Zillow last checked:
Listing updated:
Listed by:
Tyler M Pete 505-264-3082,
EXP Realty LLC 505-554-3873,
Joel Aguirre 505-573-2155,
EXP Realty LLC
Source: SWMLS,MLS#: 1110497
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
Features
- Flooring: Tile
Interior area
- Total structure area: 3,136
- Total interior livable area: 3,136 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101805610848422819
- Zoning description: MX-M*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Condition
- Resale
- New construction: No
- Year built: 1979
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Security: Security Gate
- Subdivision: Of Baron Burg Heights Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $134/sqft
- Tax assessed value: $255,600
- Annual tax amount: $3,599
- Date on market: 9/5/2026
- Cumulative days on market: 3 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3214
- Tenant pays: Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$1,041/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2026 | Listed for sale | $420,000$134/sqft |
Source:  SWMLS #1110497 Report a problem | ||
| 1/24/2023 | Sold | -- |
Source: Public Record Report a problem | ||
| 2/5/2016 | Listing removed | $550 |
Source: Three Sons Property Management Report a problem | ||
| 10/28/2015 | Listed for rent | $550 |
Source: Three Sons Property Management Report a problem | ||
| 12/17/2001 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,600 -19.4% | $85,192 -19.5% |
| 2024 | $4,466 +40% | $105,856 +41.8% |
| 2023 | $3,191 | $74,668 +3% |
| 2022 | -- | $72,493 +32.8% |
| 2021 | $1,156 -49.2% | $54,598 +3% |
| 2020 | $2,274 | $53,007 +3% |
| 2019 | -- | $51,464 |
| 2018 | $1,950 -8.4% | $51,464 +3% |
| 2017 | $2,128 +6.2% | $49,965 +6.1% |
| 2016 | $2,004 -95.6% | $47,098 +3% |
| 2015 | $45,726 +2325.6% | $45,726 +3% |
| 2014 | $1,885 | $44,395 +3% |
| 2013 | $1,885 | $43,102 |
| 2012 | -- | $43,102 |
| 2011 | -- | $43,102 -40.4% |
| 2010 | -- | $72,260 +51.1% |
| 2009 | -- | $47,819 +3% |
| 2008 | -- | $46,427 +3% |
| 2007 | -- | $45,076 +3% |
| 2006 | -- | $43,763 -7.9% |
| 2005 | -- | $47,529 +1.8% |
| 2004 | -- | $46,675 |
| 2003 | -- | $46,675 +3% |
| 2002 | -- | $45,315 +3% |
| 2001 | -- | $43,996 +8.5% |
| 2000 | -- | $40,563 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South San Pedro
- $--2 bd1 ba800 sqft532 Palomas Dr SE APT B, Albuquerque, NM 87108Off Market
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- $420,0004 bd2 ba3.1k sqft536 Palomas Dr SE, Albuquerque, NM 87108For Sale
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