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    339 Grove St SE Albuquerque, NM 87108

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    For Sale
    $319,000

    Four-unit multifamily property in a prime Albuquerque location.

    Property size:
    2,476 SF

    Property Features for 339 Grove St SE

    General Information

    Size
    2,476 SF

    Building Details

    Year built
    1972

    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, constructed in 1972, features a 2,476 square foot building with four units. It is zoned R-ML and located in the Albuquerque area, offering potential for varied residential development. The property is situated in the Southeast neighborhood, near the University of New Mexico and the Nob Hill district, known for its boutiques and dining. This location presents an investment opportunity in a dynamic area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    -106.5624838
    Latitude
    35.0713607

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property in a prime Albuquerque location.
    Where is this quadplex located?
    The property is located at 339 Grove St SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: - Prime location in the bustling Albuquerque area.; - 4-unit building offering multifamily investment opportunity.; - Zoned R-ML, allowing for varied residential development options.
    (505) 620-2259
    Request Owner's contact information
    339 Grove St SE Albuquerque, NM 87108
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    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
    339 Grove St SE Albuquerque, NM 87108
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