Great investment opportunity just 10 minutes from UNM and Nob Hill! This property features 2-bedroom, 1-bathroom units, individually metered for gas and electricity. Vacant units need some TLC, offering value-add potential to improve rental income and property value. Shares a courtyard with 540 Ortiz (MLS# 1112705 ), creating an excellent opportunity for a combined investment. Seller prefers to sell both properties together. Owner financing may be available. Please do not disturb tenants. Contact the listing agent for showing access.
For sale
$370,000
538 Ortiz Dr SE, Albuquerque, NM 87108
8beds
4baths
3,360sqft
Multi Family
Built in 1983
-- sqft lot
$-- Zestimate®
$110/sqft
$-- HOA
What's special
- 2 days
- 144
- 20
Zillow last checked:
Listing updated:
Listed by:
Truc M Do 505-730-8499,
MORE Realty, Inc 505-333-9522
Source: SWMLS,MLS#: 1112703
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Electric Range, Disposal, Refrigerator, Range Hood
Features
- Flooring: Laminate
Interior area
- Total structure area: 3,360
- Total interior livable area: 3,360 sqft
Property
Features
- Levels: Two
- Stories: 2
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: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Deck/Porch, Storage Facilities
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $239,851
- Annual tax amount: $3,377
- Date on market: 10/18/2026
- Cumulative days on market: 87 days
- Listing terms: Cash,Conventional,FHA,Owner May Carry
- Total actual rent: 2162
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$1,012/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/19/2026 | Listed for sale | $370,000-2.6%$110/sqft |
Source:  SWMLS #1112703 Report a problem | ||
| 10/2/2026 | Listing removed | $379,900$113/sqft |
Source: SWMLS #1106770 Report a problem | ||
| 8/21/2026 | Price change | $379,900-3.8%$113/sqft |
Source: SWMLS #1106770 Report a problem | ||
| 8/6/2026 | Price change | $395,000-2.5%$118/sqft |
Source: SWMLS #1106770 Report a problem | ||
| 7/24/2026 | Listed for sale | $405,000$121/sqft |
Source: SWMLS #1106770 Report a problem | ||
| 7/21/2026 | Pending sale | $405,000$121/sqft |
Source: SWMLS #1106770 Report a problem | ||
| 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
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Neighborhood: South San Pedro
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