Investor alert! This multi-unit offers a fourplex setup with strong income potential. With three of the four units currently occupied, it's a fantastic choice for anyone looking to generate cash flow right away. The property spans an approx. 3,000 sq.ft. in total and features a smart mix of unit layouts: two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, making it a flexible option for a variety of tenants. This property is close to shopping, dining, public transportation, and major commuter routes--making it easy to attract and retain tenants. Whether you're a seasoned investor or looking to grow your rental portfolio, this is a solid fourplex in a high-demand area. Don't miss out on this versatile, income-generating property!
Sold
Price Unknown
546 Alvarado Dr SE, Albuquerque, NM 87108
6beds
4baths
3,000sqft
Quadruplex, Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$--/sqft
$2,184 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,184/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Christina L Casaus 505-417-2773,
EXP Realty LLC,
ROC Real Estate Partners 505-730-0397,
EXP Realty LLC
Bought with:
Keila Rayon, 46810
EXP Realty LLC
ROC Real Estate Partners
EXP Realty LLC
Source: SWMLS,MLS#: 1083725
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Evaporative Cooling, Window Unit(s)
Appliances
- Included: Free-Standing Gas Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Stone, Tile, Vinyl
- Has basement: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101805614146922901
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Condition
- Resale
- New construction: No
- Year built: 1950
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $252,021
- Annual tax amount: $3,356
- Date on market: 5/10/2025
- Cumulative days on market: 3 days
- Listing terms: Cash,Conventional,Owner May Carry
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2025 | Sold | -- |
Source:  SWMLS #1083725 Report a problem | ||
| 5/13/2025 | Pending sale | $350,000$117/sqft |
Source: SWMLS #1083725 Report a problem | ||
| 5/10/2025 | Listed for sale | $350,000+55.6%$117/sqft |
Source: SWMLS #1083725 Report a problem | ||
| 6/15/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/7/2024 | Price change | $825-7.8% |
Source: Zillow Rentals Report a problem | ||
| 6/5/2024 | Listed for rent | $895-10.1% |
Source: Zillow Rentals Report a problem | ||
| 5/18/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/29/2024 | Price change | $995-5.2% |
Source: Zillow Rentals Report a problem | ||
| 4/16/2024 | Price change | $1,050-4.5% |
Source: Zillow Rentals Report a problem | ||
| 4/4/2024 | Listed for rent | $1,100+4.8% |
Source: Zillow Rentals Report a problem | ||
| 9/3/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/19/2022 | Listed for rent | $1,050+16.7% |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/27/2020 | Listing removed | $900 |
Source: Zillow Rental Manager Report a problem | ||
| 8/27/2020 | Listed for rent | $900 |
Source: Zillow Rental Manager Report a problem | ||
| 8/28/2019 | Sold | -- |
Source: SWMLS #946397 Report a problem | ||
| 7/5/2019 | Pending sale | $225,000$75/sqft |
Source: Sky Management & Insurance,Inc #946397 Report a problem | ||
| 6/7/2019 | Listed for sale | $225,000$75/sqft |
Source: Sky Management & Insurance,Inc #946397 Report a problem | ||
| 7/15/1999 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,465 +3.2% | $83,998 +3% |
| 2024 | $3,356 +1.8% | $81,553 +3% |
| 2023 | $3,298 +3.6% | $79,178 +3% |
| 2022 | $3,185 +3.6% | $76,872 +3% |
| 2021 | $3,075 -1.1% | $74,634 +3% |
| 2020 | $3,108 | $72,460 +107.8% |
| 2019 | -- | $34,863 |
| 2018 | $1,321 -8.4% | $34,863 +3% |
| 2017 | $1,442 +6.2% | $33,848 +6.1% |
| 2016 | $1,357 -95.6% | $31,905 +3% |
| 2015 | $30,977 +2325.6% | $30,977 +3% |
| 2014 | $1,277 | $30,075 +3% |
| 2013 | $1,277 | $29,199 |
| 2012 | -- | $29,199 |
| 2011 | -- | $29,199 +3% |
| 2010 | -- | $28,351 -56.3% |
| 2009 | -- | $64,910 +26.9% |
| 2008 | -- | $51,157 +3% |
| 2007 | -- | $49,667 +3% |
| 2006 | -- | $48,221 +3% |
| 2005 | -- | $46,817 |
| 2004 | -- | $46,817 |
| 2003 | -- | $46,817 +3% |
| 2002 | -- | $45,453 +3% |
| 2001 | -- | $44,129 -2.2% |
| 2000 | -- | $45,129 |
Find assessor info on the county website
Neighborhood: South San Pedro
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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
- New Mexico
- Bernalillo County
- Albuquerque
- 87108
- South San Pedro
- 546 Alvarado Dr SE
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