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Rehabbed 8-Unit Apartment Building
For Sale
Contact for pricing
Pending

1028 Alvarado Dr SE, Albuquerque, NM 87108

One-story apartment property with off-street parking, shared backyards, and updated mechanical and electrical components.

Property SizeContact for details
Days on Market141

Property Features for 1028 Alvarado Dr SE

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Asking Price $1,250,000
Multifamily Units 8

Amenities

shared backyards
Signage

Building Details

Year Built 1955
Buildings 1
Stories 1
Listing Agency: Trinity Apartment Company
Listed By: Trey Whaley · License #20250899
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 3:40PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Apartment Company

Investment Insights

Based on property information with market context.

This one-story apartment building contains 8 rehabbed units and includes off-street tenant parking, shared backyards, and property signage. Building improvements include newer windows, a newer roof, updated electric panels, exterior paint, and all new AC units. Some wall heaters have also been replaced with newer equipment.

Constructed in 1955, the property is located at 1028 Alvarado Dr SE in Albuquerque, New Mexico. The address places the apartments in the South San Pedro area, where the property information notes ongoing investor activity and improvements to surrounding properties. The combination of renovated units, updated building components, outdoor space, and dedicated parking defines the asset’s current configuration.

Key Highlights

  • 8 rehabbed apartment units in a one‑story building
  • Newer windows and roof
  • Updated electric panels and exterior paint

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Hair Salon Law Firm Building Supply Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,007
Businesses Nearby

Demographics for 87108, NM

36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - One-story apartment property with off-street parking, shared backyards, and updated mechanical and electrical components.
Where is this apartment building located?
The property is located at 1028 Alvarado Dr SE Albuquerque, NM.
What are key features of this property?
This property features: 8 rehabbed apartment units in a one‑story building; Newer windows and roof; Updated electric panels and exterior paint
(505) 269-1824 Call to check price and availability
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