4-unit multifamily investment located in a rapidly improving corridor of Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a strong cap rate, attractive cash-on-cash returns, and durable demand from long-term workforce tenants. The surrounding area has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use development nearby. These improvements support long-term appreciation while maintaining strong rental demand. Current tenants are stable, long-term residents, providing a solid foundation for consistent income.630 Alcazar St SE is also for sale and can be bought together.
For sale
$420,000
632 Alcazar St SE, Albuquerque, NM 87108
3beds
2baths
2,451sqft
Quadruplex, Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$171/sqft
$-- HOA
What's special
- 2 days
- 24
- 0
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#: 1110499
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Electric Range, Refrigerator
Features
- Flooring: Tile
Interior area
- Total structure area: 2,451
- Total interior livable area: 2,451 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101905604234620221
- Zoning description: MX-M*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Condition
- Resale
- New construction: No
- Year built: 1971
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Security: Security Gate
- Subdivision: Emil Mann Addition
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $171/sqft
- Tax assessed value: $277,900
- Annual tax amount: $3,913
- Date on market: 9/5/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3150
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$1,288/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2026 | Listed for sale | $420,000$171/sqft |
Source:  SWMLS #1110499 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,914 +0.1% | $92,624 |
| 2024 | $3,908 -3.2% | $92,624 -2% |
| 2023 | $4,038 | $94,491 +176.2% |
| 2022 | -- | $34,212 +3% |
| 2021 | $1,406 -89.1% | $33,215 +3% |
| 2020 | $12,883 | $32,247 +3% |
| 2019 | -- | $31,309 |
| 2018 | $2,826 -66.3% | $31,309 +3% |
| 2017 | $8,374 +86.9% | $30,397 -1% |
| 2016 | $4,481 -85.5% | $30,697 -0.9% |
| 2015 | $30,964 +2255% | $30,964 |
| 2014 | $1,315 | $30,964 -22.6% |
| 2013 | $1,315 | $39,996 |
| 2012 | -- | $39,996 |
| 2011 | -- | $39,996 |
| 2010 | -- | $39,996 -10.4% |
| 2009 | -- | $44,623 +3% |
| 2008 | -- | $43,325 +3% |
| 2007 | -- | $42,063 +23.4% |
| 2006 | -- | $34,099 +3% |
| 2005 | -- | $33,106 +3% |
| 2004 | -- | $32,142 +3% |
| 2003 | -- | $31,206 +3% |
| 2002 | -- | $30,297 |
| 2001 | -- | $30,297 +22.5% |
| 2000 | -- | $24,731 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Trumbull Village
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