Multifamily Supportive Housing
For Sale
Contact for pricing
305 Lagunitas Road SW, Albuquerque, NM 87105
Configured for communal residential living with ADA-accessible improvements, shared spaces, offices, and a commercial-style kitchen.
Property Size5,860 SF
Lot Size0.52 Acres
Price / SF$68.26
Days on Market13
Property Features for 305 Lagunitas Road SW
General Information
Standard status
Active
Size
5,860 SF
Lot size
0.52 Acres
Property subtype
Special Purpose
Zoning
A-1
Additional Details
Asking Price
$399,999
Highway Access
Yes
Amenities
commercial-style kitchen with exhaust system
large central dining area
two spacious common living areas
multiple private administrative offices
ADA-accessible interior and exterior improvements
Building Details
Units
11
Listing Agency:
Allen Sigmon Real Estate Group
(505) 469-2927
Listed By:
Sergio Castillo · License #52567
Source:
Crexi
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 21 at 6:41AM
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 Allen Sigmon Real Estate Group
Investment Insights
Based on property information with market context.
This multifamily property comprises approximately 5,860 SF on 0.52± acres and is configured for communal residential living and supportive services. The layout includes 8 bedrooms, potential for 3 additional bedrooms, 6 bathrooms, a commercial-style kitchen with exhaust system, a central dining area, two common living areas, multiple private administrative offices, and ADA-accessible interior and exterior improvements.
The property is located at 305 Lagunitas Road SW in Albuquerque, with access to I-25 and major Albuquerque corridors. Zoning is identified as A-1 (Rural Agricultural) with an SU / Special Use designation through Bernalillo County, subject to independent verification. Recorded restrictive covenants require residential rental use serving qualifying low-income homeless persons with chronic mental illness and/or substance abuse issues and include income, rent, certification, Crime Free Multi-Housing, refinancing, transfer, and City of Albuquerque provisions. Purchasers should review the covenants and verify permitted use, occupancy, regulatory requirements, and operational suitability.
The property is located at 305 Lagunitas Road SW in Albuquerque, with access to I-25 and major Albuquerque corridors. Zoning is identified as A-1 (Rural Agricultural) with an SU / Special Use designation through Bernalillo County, subject to independent verification. Recorded restrictive covenants require residential rental use serving qualifying low-income homeless persons with chronic mental illness and/or substance abuse issues and include income, rent, certification, Crime Free Multi-Housing, refinancing, transfer, and City of Albuquerque provisions. Purchasers should review the covenants and verify permitted use, occupancy, regulatory requirements, and operational suitability.
Key Highlights
- Approximately 5,860 SF multifamily facility on 0.52± acres
- 8 existing bedrooms with potential for 3 additional bedrooms
- 6 bathrooms, central dining area, and two common living areas
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Configured for communal residential living with ADA-accessible improvements, shared spaces, offices, and a commercial-style kitchen.
Where is this multifamily property located?
The property is located at 305 Lagunitas Road SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Approximately 5,860 SF multifamily facility on 0.52± acres; 8 existing bedrooms with potential for 3 additional bedrooms; 6 bathrooms, central dining area, and two common living areas
