Strong investment opportunity in a desirable rental corridor just a 10-minute drive to UNM and Nob Hill. This property features 2-bedroom, 1-bathroom units that are individually metered for gas and electric, helping support efficient tenant utility management. The property shares a courtyard with 540 Ortiz (MLS# 1106771), creating potential for a combined acquisition and stronger portfolio presence. The seller prefers to sell both properties together. Please do not disturb tenants. Showings are subject to an accepted offer.
For sale
$405,000
538 Ortiz Dr SE, Albuquerque, NM 87108
6beds
3baths
3,360sqft
Multi Family
Built in 1983
-- sqft lot
$-- Zestimate®
$121/sqft
$-- HOA
What's special
- 13 days |
- 198 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Fortunata Civerolo 505-475-0221,
Southwest Property Exchange 505-292-1105,
Tiffany Y Aragona 505-228-6971,
Southwest Property Exchange
Source: SWMLS,MLS#: 1106770
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Electric Range, Refrigerator
Features
- Flooring: Laminate
Interior area
- Total structure area: 3,360
- Total interior livable area: 3,360 sqft
Property
Parking
- Total spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101805604246922601
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
Condition
- Resale
- New construction: No
- Year built: 1983
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Laundry Facilities, Storage Facilities
- Security: Security Gate
- Subdivision: BARON BURG HEIGHTS MENDELSBERGS REPLAT BLK 7
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $239,851
- Annual tax amount: $3,377
- Date on market: 7/6/2026
- Listing terms: Cash,Conventional
- Total actual rent: 2162
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$1,484/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Listed for sale | $405,000+109.8%$121/sqft |
Source:  SWMLS #1106770 Report a problem | ||
| 9/5/2018 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 7/7/2018 | Pending sale | $193,000$57/sqft |
Source: Cottonwood Realty #921605 Report a problem | ||
| 6/18/2018 | Listed for sale | $193,000$57/sqft |
Source: Cottonwood Realty #921605 Report a problem | ||
| 4/15/2017 | Listing removed | $480 |
Source: TG&W Agency, LLC Report a problem | ||
| 4/14/2017 | Listed for rent | $480 |
Source: TG&W Agency, LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,378 +3.2% | $79,942 +3% |
| 2024 | $3,275 +1.7% | $77,614 +3% |
| 2023 | $3,220 +3.5% | $75,354 +3% |
| 2022 | $3,112 +15.6% | $73,160 +15.1% |
| 2021 | $2,692 +1.7% | $63,579 +3% |
| 2020 | $2,648 | $61,727 -1% |
| 2019 | -- | $62,327 |
| 2018 | $2,047 -1.9% | $62,327 +27.2% |
| 2017 | $2,087 +3.1% | $48,989 +3% |
| 2016 | $2,024 -95.8% | $47,562 -0.9% |
| 2015 | $47,995 +2255% | $47,995 |
| 2014 | $2,038 | $47,995 -6.4% |
| 2013 | $2,038 | $51,302 |
| 2012 | -- | $51,302 |
| 2011 | -- | $51,302 |
| 2010 | -- | $51,302 -28% |
| 2009 | -- | $71,243 |
| 2008 | -- | $71,243 +109.2% |
| 2007 | -- | $34,052 +3% |
| 2006 | -- | $33,061 +3% |
| 2005 | -- | $32,098 +3% |
| 2004 | -- | $31,164 -38.3% |
| 2003 | -- | $50,529 +3% |
| 2002 | -- | $49,057 +3% |
| 2001 | -- | $47,629 +15.4% |
| 2000 | -- | $41,263 |
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: 0.5 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 0.4 mi
- $--2 bd1 ba750 sqft538 Ortiz Dr SE #C, Albuquerque, NM 87108Off Market
- $330,2002 bd1 ba840 sqft538 Ortiz Dr SE APT D, Albuquerque, NM 87108Off Market
- $--2 bd1 ba750 sqft538 Ortiz Dr SE APT A, Albuquerque, NM 87108Off Market
- $405,0006 bd3 ba3.3k sqft540 Ortiz Dr SE, Albuquerque, NM 87108For Sale
- $--2 bd1 ba840 sqft540 Ortiz Dr SE APT B, Albuquerque, NM 87108Off Market
- $--2 bd1 ba800 sqft540 Ortiz Dr SE APT C, Albuquerque, NM 87108Off Market
- $--2 bd1 ba750 sqft540 Ortiz Dr SE APT D, Albuquerque, NM 87108Off Market
- $289,3538 bd4 ba3.6k sqft532 Ortiz Dr SE, Albuquerque, NM 87108Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $405,0006 bd3 ba3.3k sqft540 Ortiz Dr SE, Albuquerque, NM 87108For SaleMLS ID #1106771, Fortunata Civerolo, Southwest Property Exchange. SWMLS
- $495,0006 bd3 ba2.4k sqft4021 Thaxton Ave SE, Albuquerque, NM 87108For Sale
MLS ID #1104194, John C Foster, 1 Percent Lists NM Realty. SWMLS - $415,0006 bd4 ba2.2k sqft3513 Crest Ave SE, Albuquerque, NM 87106For Sale
MLS ID #1106390, Gene Gardner Della Maggiora, Coldwell Banker Legacy. SWMLS - $423,0004 bd3 ba2.2k sqft4017 Thaxton Ave SE, Albuquerque, NM 87108For Sale
MLS ID #1097572, John C Foster, 1 Percent Lists NM Realty. SWMLS - $349,9007 bd4 ba2.6k sqft209 Texas St NE, Albuquerque, NM 87108For SaleMLS ID #1104238, Tahir Gauba, MORE Realty, Inc. SWMLS
- $325,0003 bd3 ba1.9k sqft636 San Pedro Dr SE, Albuquerque, NM 87108For SaleMLS ID #1098982, Eric J Villa, Keller Williams Realty. SWMLS
- $324,6555 bd4 ba2.7k sqft240 San Pablo St NE, Albuquerque, NM 87108For SaleMLS ID #1101906, Trey W. Whaley, Trinity Apartment Company LLC. SWMLS
- $299,9006 bd3 ba2.3k sqft325 Tennessee St NE, Albuquerque, NM 87108For SaleMLS ID #1107153, Jonathan P Tenorio, Keller Williams Realty. SWMLS
- $415,0004 bd2 ba1.8k sqft1100 & 1102 10th St SW, Albuquerque, NM 87102For SaleMLS ID #1098610, Ryan C Gutierrez, Realty One of New Mexico. SWMLS
- $315,0006 bd3 ba2.8k sqft1133 Georgia St SE, Albuquerque, NM 87108For SaleMLS ID #1085675, Armijo Team, ERA Summit. SWMLS
- $579,0003 bd3 ba4.3k sqft6720 Cochiti Rd SE, Albuquerque, NM 87108For SaleMLS ID #1106356, Todd D Clarke, NM Apartment Advisors, Inc.. SWMLS
- $528,8954 bd4 ba3.8k sqft1928 Buena Vista Dr SE, Albuquerque, NM 87106For SaleMLS ID #1106970, Todd D Clarke, NM Apartment Advisors, Inc.. SWMLS
- $269,9004 bd2 ba1.9k sqft520 Kentucky St SE, Albuquerque, NM 87108For SaleMLS ID #1103756, Bonita A Ulibarri, Bonita Ulibarri Realty LLC. SWMLS
- $483,9954 bd3 ba2.1k sqft1003 Carlisle Blvd SE, Albuquerque, NM 87106For SaleMLS ID #1103320, Kyle E Deacon, Deacon Property Services. SWMLS
- $479,9906 bd4 ba3k sqft11013 Towner Ave NE, Albuquerque, NM 87112For SaleMLS ID #1102911, Nathan Louis Boitano, RE/MAX SELECT. SWMLS
- $479,9006 bd4 ba3k sqft11009 Towner Ave NE, Albuquerque, NM 87112For SaleMLS ID #1102912, Nathan Louis Boitano, RE/MAX SELECT. SWMLS
- $429,0005 bd2 ba1.8k sqft209 Edith Blvd NE, Albuquerque, NM 87102For SaleMLS ID #1106657, Joe Schifani, Affordable Realty Services Inc. SWMLS
- $415,0003 bd2 ba2k sqft319 Richmond Dr SE, Albuquerque, NM 87106For SaleMLS ID #1101945, Holly V Adams, Realty One of New Mexico. SWMLS
- $390,0004 bd2 ba1.7k sqft7108 Coulson Dr NE, Albuquerque, NM 87109For SaleMLS ID #1107145, Myra C Herrmann, Keller Williams Realty. SWMLS
- $370,0005 bd2 ba2.1k sqft7312 Arvada Ave NE, Albuquerque, NM 87110For SaleMLS ID #1100805, Jack M Jenkins, Coldwell Banker Legacy. SWMLS
