412 Harvard Drive SE Albuquerque, NM 87106
MULTI_FAMILY - Albuquerque, NM
Property Features for 412 Harvard Drive SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
- Interior features
- CeilingFans
- Appliances
- Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, RangeHood, Washer
- Standard status
- Active
- APN
- 101605704706930618
- Size
- 1,460 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2985
Utilities
- Heating system
- Forced Air, Central
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1941
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Vinyl, Carpet
Listing agent Premier Realty Partners (505) 550-8331
Listing office Realty One of New Mexico 4121 Wyoming Blvd NE Suite #3, Albuquerque, NM (505) 883-9400
Listing date Mar 30, 2026
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.
Investment Insights
Based on property information with market context.
The casita is currently occupied by a tenant, offering immediate rental income from the detached unit. The location is reported as less than 10 minutes from UNM Hospital, and about 3 minutes to the UNM main campus, making the property convenient for occupants linked to the university and medical facilities.
This configuration suits buyers looking for flexible living-and-renting options, with the ability to occupy the main house while collecting monthly income from the casita. It may also appeal to investors seeking two rentable residential units within a fenced setting and a layout that supports independent use through the separate casita yard area.
Key Highlights
- Includes a 3‑bedroom, 2‑bath main house plus a detached 1‑bedroom, 1‑bath casita
- Casita has a tenant already in place for immediate monthly income
- Fully fenced property with a separate fenced area for the casita
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.1k | $13.80 |
| − Vacancy | −$1.1k | −$0.76 |
| EGI | $19.0k | $13.04 |
| − OpEx | −$5.7k | −$3.91 |
| NOI | $13.3k | $9.13 |
