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Studio Condo with Garage

1101 Dr Martin Luther King Jr Avenue NE, Albuquerque, NM 87106

For Sale
New
$225,000

Residential Income, Albuquerque, NM

Property Size600 SF
Lot Size0.23 Acres
Price / SF$375
Days on Market4

Property Features for 1101 Dr Martin Luther King Jr Avenue NE

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-MH*
Bedrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 1
Parking 1
Subdivision Mulberry Gardens private gated community
Directions use your GPS for best directions From I-25 go EAST ON MLK, approximately 2 blocks, Mulberry Gardens is located on the corner of MLK and Mulberry NE.
Standard status Active
APN 101505716344425101
Size 600 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Description Unit 12 Of Mulberry Gardens Courtyard Condominium Together With An Equal Undivided Interest In The Common Elements Land
Tax Annual Amount 1645
Legal Description Unit 12 Of Mulberry Gardens Courtyard Condominium Together With An Equal Undivided Interest In The Common Elements Land

Amenities

hardwood floors
full-size kitchen
garden tub
walk-in closet
in-unit washer and dryer
private patio/deck
courtyard
gated community

Building Details

Year built 2006
Floors in Building 2
Number of units 1
Listing Agency: NM Real Estate Resources, Inc
Listed By: April Ager · License NM #18376
Added: Nov 12 Last Checked: Nov 15 at 6:06AM
MLS# 1113902

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.

Rey
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Investment Insights

Based on property information with market context.

This 600-square-foot studio condominium was built in 2006 and includes hardwood flooring, a full kitchen with appliances, and a bathroom with a garden tub. A walk-in closet, in-unit washer and dryer, and private patio add functional space. The unit also comes with a one-car garage equipped with an automatic opener and keyless entry. The property is in a gated community with a landscaped courtyard; on-site parking requires a permit. Zoning is R-MH*.

The community is approximately 0.4 miles from the University of New Mexico and is near UNM Hospital, Presbyterian Hospital, and Lovelace Medical Center. I-25 provides a route toward Downtown Albuquerque and the airport. The property has a stated 20-year rental history.

Key Highlights

  • 600‑square‑foot studio condominium, built in 2006
  • One‑car garage with automatic opener and keyless entry
  • Full kitchen with appliances, hardwood flooring, and bathroom with garden tub

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

1
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,883
Businesses Nearby

Demographics for 87106, NM

26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Residential income properties in Albuquerque, NM

$215 Jul
$192 Aug
$186 Sep
$181 Oct

Properties on Market for Residential income properties in Albuquerque

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - A private outdoor area, in-unit laundry, and a full kitchen support everyday use.
Where is this residential income property located?
The property is located at 1101 Dr Martin Luther King Jr Avenue NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 600‑square‑foot studio condominium, built in 2006; One‑car garage with automatic opener and keyless entry; Full kitchen with appliances, hardwood flooring, and bathroom with garden tub
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