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Duplex Property with Alley Access
For Sale
$390,000

1512 &1510 3rd St NW, Albuquerque, NM 87102

Two occupied homes span three city lots with gated rear access and on-site parking.

Property Size573 SF
Price / SF$680.63
Days on Market15

Property Features for 1512 &1510 3rd St NW

General Information

Standard status Active
Size 573 SF
Property subtype Multi-Family

Additional Details

Highway Access Yes
Multifamily Units 2

Building Details

Year Built 1920
Buildings 2
Listing Agency: Lucero Realty
Listed By: Arturo Lucero · License #12624
Source: Thesouthwestlife
Added: Sep 13 Changed: Sep 19 Last Checked: Sep 26 at 8:57AM

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 Lucero Realty

Investment Insights

Based on property information with market context.

This duplex property includes two homes situated across three city lots. Built in 1920, the property is currently occupied and includes on-site parking along with alley access through a gated entrance. Interior access is available after an executed contract, and tenants should not be disturbed.

The property is located in the Wells Park area with access to I-40, Downtown, and major corridors. Its lot configuration and zoning support consideration of future redevelopment or multi-lot assembly, subject to applicable approvals.

Key Highlights

  • Two homes across three city lots
  • Built in 1920
  • Currently occupied; interior access follows an executed contract

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Nail Salon Skin Care Clinic Electrical Service HVAC Service Veterinary Clinic

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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,219
Businesses Nearby

Demographics for 87102, NM

20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Duplex - Two occupied homes span three city lots with gated rear access and on-site parking.
Where is this duplex located?
The property is located at 1512 &1510 3rd St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two homes across three city lots; Built in 1920; Currently occupied; interior access follows an executed contract
More about this property
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