Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    412 Harvard Dr SE Albuquerque, NM 87106

    Sponsored
    For Sale
    $345,000

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    1,460 SF
    Lot size:
    0.16 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 25 at 6:06 pm

    Property Features for 412 Harvard Dr SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    101605704706930618
    Interior features
    CeilingFans
    Appliances
    Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, RangeHood, Washer
    Size
    1,460 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central, Forced Air
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1941
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Carpet, Vinyl

    We can help!

    Listing Contact
    Premier Realty Partners

    Realty One of New Mexico (505) 883-9400

    Listing agent Premier Realty Partners (505) 550-8331

    Listing date Feb 12, 2026

    MLS# 1092027 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Albuquerque Multifamily Property with Casita

    Located in Albuquerque, this property at 412 HARVARD Drive SE features a main house and a detached casita. The main house includes 3 bedrooms and 2 bathrooms. The detached casita has 1 bedroom and 1 bathroom and is currently tenant-occupied, providing immediate investment income. The property is fully fenced, and the casita has its own separate fenced area for added privacy. Situated less than 10 minutes from UNM Hospital and 3 minutes (0.6 acre) from the UNM main campus, this property offers flexibility for various living arrangements. The lot size is 0.16 acres, and the property size is 1460 square feet. The property can be used to live in the main house while collecting monthly income from the casita, or both units can be rented out as an investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.62046
    Latitude
    35.07465

    Nearby Similar for Sale

    • $1,099,990
      3,230 SF

      Albuquerque Industrial Facility For Sale

      Versatile industrial facility with HVAC, 3-phase power, and city water.
      6119 Hanover Rd NW, Albuquerque, NM 87121
      View Details
    • $650,000
      0.69 Acres

      Industrial Property with Inspection Pit

      Centrally located industrial property with fenced yard and inspection pit.
      1907 8Th St NW, Albuquerque, NM 87102
      View Details
    • $437,500
      0.26 Acres

      Nob Hill Commercial Opportunity

      Three office/retail spaces in high-visibility location with parking.
      4202-4208 Lead Ave SE, Albuquerque, NM 87108
      View Details
    • $2,750,000
      8,591 SF

      Historic Restaurant in Los Ranchos

      Established New Mexican restaurant with expansive dining and patio space.
      8032 4Th St NW, Los Ranchos, NM 87114
      View Details
    • $1,100,000
      0.10 Acres

      Broadway Boulevard Retail Opportunity

      Two buildings connected by breezeway, ideal for retail or creative.
      637 Broadway Blvd SE, Albuquerque, NM 87102
      View Details
    • $1,500,000
      0.70 Acres

      Albuquerque Commercial Property For Sale

      Commercial property with excellent location and lease history in Albuquerque.
      9880 Montgomery Blvd NE, Albuquerque, NM 87111
      View Details
    • $1,450,000
      4,499 SF

      Turnkey Assisted Living Facility

      Assisted living facility in Albuquerque Country Club area for sale.
      1711 Park Ave SW, Albuquerque, NM 87104
      View Details
    • $840,000
      5,475 SF

      Albuquerque Multifamily Investment Opportunity

      Well-maintained 8-unit multifamily property in Albuquerque with strong rental demand.
      631 Mesilla St SE, Albuquerque, NM 87108
      View Details
    • $850,000
      3,335 SF

      Renovated Nob Hill Multifamily Property

      Five-unit multifamily property in Nob Hill, Albuquerque, fully renovated.
      301 Graceland Dr SE, Albuquerque, NM 87108
      View Details
    • $250,000
      0.02 Acres

      Turnkey Retail Dispensary in Nob Hill

      Move-in ready retail space in Albuquerque's high-visibility Nob Hill district.
      629 Amherst Dr NE, Albuquerque, NM 87106
      View Details
    • $575,000
      1.40 Acres

      North Valley Agricultural Land

      1.4 acres with residential and agricultural infrastructure in Albuquerque.
      10803 Edith Blvd NE, Albuquerque, NM 87113
      View Details
    • New
      $565,000
      3,191 SF

      Turnkey 6-Plex in Albuquerque

      Fully occupied 6-plex with low vacancy and high demand.
      426 Towner Ave NW, Albuquerque, NM 87102
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property near UNM with main house and casita.
    Where is this duplex located?
    The property is located at 412 Harvard Dr SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - Detached 1-bedroom, 1-bath casita provides immediate rental income with a tenant already in place; - Main house features 3 bedrooms and 2 bathrooms; - Prime location: less than 10 minutes from UNM Hospital and 3 minutes from UNM main campus
    (505) 550-8331
    Request Owner's contact information
    412 Harvard Dr SE Albuquerque, NM 87106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    412 Harvard Dr SE
    Albuquerque, NM 87106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    412 Harvard Dr SE Albuquerque, NM 87106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Premier Realty Partners
    (505) 550-8331
    Learn more
    Google sign-in failed. Please try again or use another login method.