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Apartment Building with Garages

1320 Dr Martin Luther King Jr Ave NE Albuquerque, NM 87106

1320 Dr Martin Luther King Jr Ave NE, Albuquerque, NM, 87106
Contact for pricing
For Sale
Contact for pricing
Pending

A 17-unit apartment property with 12 studios and five rented garages, currently 100% occupied.

Days on Market104

Property Features for 1320 Dr Martin Luther King Jr Ave NE

General Information

Standard status
Pending
Property subtype
Multifamily, Industrial
Listing agency Realty One of New Mexico
Listed by John Lucero · License #47657
Source Crexi
Added: Apr 11 Updated: Jul 22 at 4:54AM Checked: Jul 22 at 4:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One of New Mexico


Investment Insights

Based on property information with market context.

This property consists of twelve studios plus five garages. The garages are all currently rented, and the overall property is 100% occupied. Some of the studio units have been updated and remodeled to suit modern tenant needs.

The building is located very near UNM and close to Presbyterian and Lovelace Hospitals, supporting a tenant base that benefits from nearby employment and healthcare.

The existing mix of studio apartments alongside income-producing garage rentals provides a straightforward, income-focused configuration within the apartment building offering.

Key Highlights

  • 17‑unit apartment property with 12 studios plus five rented garages
  • 100% occupied with garages also rented out
  • Some units have been updated and remodeled

Property Analytics

Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Auto Parts Store Tech Support Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Short term rental property - A 17-unit apartment property with 12 studios and five rented garages, currently 100% occupied.
Where is this short term rental property located?
The property is located at 1320 Dr Martin Luther King Jr Ave NE Albuquerque, NM.
What are key features of this property?
This property features: 17‑unit apartment property with 12 studios plus five rented garages; 100% occupied with garages also rented out; Some units have been updated and remodeled
Contact an agent
(505) 507-9671 Call to check price and availability
More about this property
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