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    309 Princeton Dr SE Albuquerque, NM 87106

    For Sale
    $450,000

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    2,476 SF
    Lot size:
    0.16 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 14 at 12:06 pm

    Property Features for 309 Princeton Dr SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
    Bedrooms
    2
    Bathrooms
    1
    APN
    1-016-057-173-140-3-16-09
    Appliances
    FreeStandingElectricRange, Refrigerator
    Size
    2,476 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1926
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Tile, Carpet

    Coldwell Banker Legacy (505) 857-2328 [email protected]

    Listing agent Stacy A. Ross (505) 828-1000 License #47900

    Listing date Nov 17, 2025

    MLS# 1093042 Listing URL

    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 in the UNM area. The property includes a 2-bedroom, 1-bath main house and a separate duplex. Each unit in the duplex contains 2 bedrooms and 1 full bath. The duplex is currently rented to long-term tenants, providing immediate income. The main house is ready for renovation, featuring an unfinished kitchen and areas of uneven flooring. The property is located near UNM, Nob Hill, shopping, restaurants, and entertainment. The lot size is 0.16 acres, and the property size is 2476 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.616171
    Latitude
    35.076584

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    FAQs

    What type of property is this?
    Duplex - Income-producing property near UNM with renovation potential.
    Where is this duplex located?
    The property is located at 309 Princeton Dr SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Income-producing property with a separate duplex featuring two 2-bedroom, 1-bath units, currently rented to long-term tenants.; - Prime location in the highly desirable UNM area, close to UNM, Nob Hill, shopping, restaurants, and entertainment.; - Main house offers renovation potential for customization and value addition.
    (505) 828-1000
    Request Owner's contact information
    309 Princeton Dr SE Albuquerque, NM 87106
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    Albuquerque, NM 87106
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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
    309 Princeton Dr SE Albuquerque, NM 87106
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