24 Matisse Road NE, Albuquerque, NM 87123
MULTI_FAMILY - Albuquerque, NM
- Added:
- Nov 10, 2025
- Days on Market:
- 217
- Last Refresh:
- Jun 15 at 9:06 am
Property Features for 24 Matisse Road NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 6
- Rooms
- Bedroom 2, Basement, Bedroom 4, Bathroom 6, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 3
- Patio and Porch features
- Patio
- Exterior features
- Landscaping, PropaneTankOwned, Patio
- Fireplace
- 1
- Appliances
- Dryer, FreeStandingGasRange, Washer
- Standard status
- Active
- APN
- 102505709901830105
- Size
- 8,134 SF
- Lot size
- 10.71 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5182
Utilities
- Utilities
- Propane
- Heating system
- Propane (Heating), Baseboard, Hot Water(Heating), Electric (Heating)
- Cooling system
- Varies by Unit
Building Details
- Year built
- 1946
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Carpet, Brick, Wood, Tile
- Building materials
- Frame, Concrete, Stone, Stucco
Listing agent Anne M Vallejos License #41997 (505) 331-8306
Listing office Keller Williams Realty 6240 Riverside Plaza NW #100, Albuquerque, NM (505) 897-1100
Listing date Nov 10, 2025
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1946 ranch‑style home on 10.7 acres with 7 bedrooms and 6 bathrooms
- 8,134 SF home includes the main house plus 2 casitas, each with its own entry
- 2 casitas have their own private driveway and courtyard areas
- Rock fireplaces and patio included
- Propane utilities with PropaneTankOwned; heating includes propane (heating), hot water, baseboard, and electric (heating)
- Main floor features a koi pond and privacy fence
Overview
Set on about 10.7 acres, the property is described as part of a Tres Pistoles Canyon homestead setting among granite boulders, with historic visitor connections. The remarks also cite Sandia views and easy National Forest hiking access. While positioned to feel secluded, it is described as minutes from I-40’s Tramway/Central exit.
The layout—with a main residence and two casitas each operating with their own entry and private driveway—can support a range of residential income or multi-generational living setups that value separation and outdoor space. Financing is noted as available through residential financing approval for qualified buyers, subject to lender requirements.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.8k | $16.20 |
| − Vacancy | −$6.9k | −$0.84 |
| EGI | $124.9k | $15.36 |
| − OpEx | −$56.2k | −$6.91 |
| NOI | $68.7k | $8.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.4466569
- Latitude
- 35.0684338
