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    437 Grove St SE Albuquerque, NM 87108

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    For Sale
    $165,000

    Well-maintained 2-unit property in a prime Albuquerque location.

    Property size:
    1,386 SF

    Property Features for 437 Grove St SE

    General Information

    Size
    1,386 SF

    Building Details

    Year built
    1960

    Source: Tim Luten Agent Tim Luten

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

    Overview

    Multifamily Investment Opportunity in Albuquerque

    This multifamily property presents an investment opportunity with a 1,386 square foot building featuring 2 units, constructed in 1960. Zoned R-ML, the property is located in the Albuquerque area, offering potential for residential development. Situated in the historic and diverse Southeast neighborhood, the location provides a mix of residential and commercial spaces. The area is near the ABQ BioPark and the University of New Mexico. The property's location offers access to dining options and cultural attractions, including local art galleries and historic sites. This property is intended for Multifamily / Low-Rise/Garden investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -106.5625099
    Latitude
    35.0693995

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    FAQs

    What type of property is this?
    Duplex - Well-maintained 2-unit property in a prime Albuquerque location.
    Where is this duplex located?
    The property is located at 437 Grove St SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Prime location in the bustling Albuquerque area.; - Zoned R-ML, offering potential for various residential development opportunities.; - Well-maintained building with 2 units.
    (505) 620-2259
    Request Owner's contact information
    437 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
    437 Grove St SE Albuquerque, NM 87108
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