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    501 Texas St NE Albuquerque, NM 87108

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    For Sale
    $850,000

    Ten-unit property in Northeast Heights with renovation potential.

    Property size:
    5,888 SF

    Property Features for 501 Texas St NE

    General Information

    Size
    5,888 SF

    Building Details

    Year built
    1974

    Source: Tim Luten Agent Tim Luten

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

    Overview

    Northeast Heights Multi-Family Investment

    This property features ten multi-family units situated in the Northeast Heights area. Each unit offers a one-bedroom, one-bath layout. The property's location provides accessibility, with convenient access to I-40. The total property size is 5888 square feet. This property presents an opportunity for transformation.
    Property Profile Insight Report 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
    -106.5560389
    Latitude
    35.0688919

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    FAQs

    What type of property is this?
    Multifamily property - Ten-unit property in Northeast Heights with renovation potential.
    Where is this multifamily property located?
    The property is located at 501 Texas St NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Ten-unit property offers significant investment potential.; - Located in the desirable Northeast Heights.; - Easy access to I-40.
    (505) 620-2259
    Request Owner's contact information
    501 Texas 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
    501 Texas St NE Albuquerque, NM 87108
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