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    502-504 Utah St NE Albuquerque, NM 87108

    New
    For Sale
    $790,000

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    5,600 SF
    Lot size:
    0.14 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 502-504 Utah St NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 2, Bedroom 1
    Bedrooms
    2
    Bathrooms
    1
    APN
    1-019-057-427-335-1-05-38
    Patio and Porch features
    Patio
    Interior features
    CeilingFans
    Exterior features
    Patio
    Appliances
    FreeStandingGasRange, Refrigerator, RangeHood
    Size
    5,600 SF
    Lot size
    0.14 Acres

    Utilities

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

    Building Details

    Year built
    1979
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Tile, Vinyl
    Building materials
    Frame, Stucco

    Realty One of New Mexico (505) 883-9400 [email protected]

    Listing agent Joshua D Christensen (505) 883-9400 License #20522

    Listing date Dec 3, 2025

    MLS# 1093294 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 Albuquerque 8-plex features two buildings, each containing four apartments. These are spacious 2-bedroom units located in a high-demand rental area. The property offers value-add potential through light updates and rent optimization. It is part of a 22-unit portfolio. The property is well-maintained and suited for investors seeking stable, long-term cash flow while providing quality, affordable housing. The location is known for consistent occupancy and reliable performance. The property size is 5600 square feet and the lot size is 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -106.554348
    Latitude
    35.081872

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-plex with value-add potential in high-demand rental area.
    Where is this apartment building located?
    The property is located at 502-504 Utah St NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: - High-demand rental area with consistent occupancy and reliable performance.; - Two well-maintained buildings with spacious 2-bedroom apartments.; - Strong value-add potential through light updates and rent optimization.
    (505) 883-9400
    Request Owner's contact information
    502-504 Utah St NE 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
    502-504 Utah St NE Albuquerque, NM 87108
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