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    1200 Ortiz Dr SE Albuquerque, NM 87108

    For Sale
    $3,965,358

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    25,632 SF
    Lot size:
    0.31 Acres
    Days on Market:
    64
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 1200 Ortiz Dr SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2
    Bedrooms
    1
    Bathrooms
    1
    APN
    101805604219331411
    Parking
    47
    Appliances
    Refrigerator
    Size
    25,632 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Active Solar, Solar (Heating)

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    44
    Flooring type
    Vinyl, Carpet
    Building materials
    Block

    NM Apartment Advisors Inc. (505) 440-8633 [email protected]

    Listing agent Todd D Clarke (505) 440-8633 License #13711

    Listing date Oct 11, 2025

    Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Albuquerque Multifamily Investment Opportunity

    This multifamily property in Albuquerque, New Mexico, presents an investment opportunity. The property consists of updated apartments, many featuring contemporary finishes and luxury vinyl plank flooring. Secured access and a courtyard entry serve all buildings and apartments. There are 47 off-street parking spaces, including 2 carport spaces. The property has a lot size of 0.31 acres and a building size of 25,632 square feet. The surrounding area is experiencing new development, including the recently opened City of Albuquerque Community Services Headquarters directly west of the property. Investment performance at the asking price of $3,965,358 and the current average rent of $745 includes a GRM of 10.08, a 6.65% cap rate, a cash-on-cash return of 6.42%, a per-unit cost of $90,122, and a price per square foot of $154. Raising rents to market rates of $1,002 would increase investment performance to a GRM of 7.50 and an 8.65% cap rate. Numerous property upgrades have been completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.58498
    Latitude
    35.063563

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    FAQs

    What type of property is this?
    Apartment building - Updated apartments with development potential in Albuquerque, New Mexico.
    Where is this apartment building located?
    The property is located at 1200 Ortiz Dr SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $3,965,358.
    What are key features of this property?
    This property features: - Strong investment potential with a 6.65% cap rate based on current rents, increasing to 8.65% with market rent adjustments.; - Updated apartments featuring contemporary finishes and luxury vinyl plank flooring.; - Secured access and courtyard entry for enhanced safety and privacy.
    (505) 440-8633
    Request Owner's contact information
    1200 Ortiz Dr SE Albuquerque, NM 87108
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    Albuquerque, NM 87108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1200 Ortiz Dr SE Albuquerque, NM 87108
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