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    1036 Alvarado Dr SE Albuquerque, NM 87108

    For Sale
    $1,070,000

    Updated 10-unit multifamily property with strong rental history and 100% occupancy.

    Property size:
    7,528 SF

    Property Features for 1036 Alvarado Dr SE

    General Information

    Size
    7,528 SF

    Building Details

    Year built
    1959

    Source: Tim Luten Agent Tim Luten

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Albuquerque Multifamily Investment Opportunity

    This multifamily property in Albuquerque features a 7,528 square foot building with 10 updated and modernized units. The property is zoned R-MH and boasts 100% occupancy and a strong rental history, presenting an attractive investment opportunity with immediate returns and long-term potential. The property is located in Albuquerque, offering convenient access to the Nob Hill neighborhood, known for its boutiques, restaurants, and nightlife. Nearby attractions include the ABQ BioPark, Tingley Beach, and the National Museum of Nuclear Science & History. The University of New Mexico provides educational and cultural opportunities. This location is appealing for multifamily, low-rise, and garden investors.
    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
    -106.5816484
    Latitude
    35.0621321

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    FAQs

    What type of property is this?
    Apartment building - Updated 10-unit multifamily property with strong rental history and 100% occupancy.
    Where is this apartment building located?
    The property is located at 1036 Alvarado Dr SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,070,000.
    What are key features of this property?
    This property features: - 100% Occupancy: Provides immediate rental income.; - Updated and Modernized Units: Enhances tenant appeal.; - Strong Rental History: Indicates consistent income generation.
    (505) 620-2259
    Request Owner's contact information
    1036 Alvarado Dr SE 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
    1036 Alvarado Dr SE Albuquerque, NM 87108
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