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9-Unit Apartment Building
For Sale
$789,545
Pending

1339 San Mateo Blvd SE, Albuquerque, NM 87108

Maintained apartment community with completed capital improvements and a stable tenant base.

Property SizeContact for details
Days on Market152

Property Features for 1339 San Mateo Blvd SE

General Information

Standard status Pending
Property subtype Multifamily
Zoning MX-L

Additional Details

Multifamily Units 9

Building Details

Year Built 1948
Listing Agency: Trinity Apartment Company LLC
Listed By: Trey Whaley · License #20250899
Source: Carnm.resimplifi
Added: Mar 31 Changed: Aug 29 Last Checked: Aug 29 at 11:32AM

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 Trinity Apartment Company LLC

Investment Insights

Based on property information with market context.

This 9-unit apartment community, built in 1948, has received substantial capital improvements and is described as well maintained. The property includes an established tenant base and straightforward apartment operations, with MX-L zoning supporting its multifamily classification.

The community is located in Albuquerque west of San Mateo Boulevard, near established single-family neighborhoods and parks. It is also positioned near the Max Q redevelopment corridor, where the surrounding area includes new construction and commercial investment. The property information identifies employment, retail, and infrastructure growth as factors supporting rental demand in the area.

Additional operating details include long-term tenancy and gradual rent-growth potential as units turn over or renew, as described in the offering information.

Key Highlights

  • 9‑unit apartment community
  • Built in 1948
  • MX‑L zoning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Building Supply Law Firm HVAC Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,048
Businesses Nearby

Demographics for 87108, NM

36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Maintained apartment community with completed capital improvements and a stable tenant base.
Where is this apartment building located?
The property is located at 1339 San Mateo Blvd SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $789,545.
What are key features of this property?
This property features: 9‑unit apartment community; Built in 1948; MX‑L zoning
More about this property
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