3518 Eastern Avenue SE Albuquerque, NM 87106
MULTI_FAMILY - Albuquerque, NM
Property Features for 3518 Eastern Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
- Window features
- Skylight(s)
- Interior features
- Skylights
- Appliances
- Dryer, FreeStandingElectricRange, Refrigerator, Washer
- Standard status
- Active
- APN
- 101605649105740518
- Size
- 1,282 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1540
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Carpet
- Building materials
- Stucco
Listing agent Kelly R Taliaferro License #18922 (505) 270-5552
Listing office Lucky Dog Realty, LLC 1529 Eagle Ridge Dr. NE, Albuquerque, NM (505) 270-5552
Listing date Apr 22, 2026
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.
Investment Insights
Based on property information with market context.
One unit is currently tenant-occupied, while the other has been freshly painted and is ready to lease or occupy.
Situated at 3518 Eastern Avenue SE in Albuquerque, the property presents a low-maintenance configuration supported by recent exterior and mechanical improvements.
Key Highlights
- Pueblo‑style duplex built in 1953 with 1‑bed/1‑bath floorplans
- Recent upgrades include insulated stucco (3 in.), TPO roof, and double‑paned windows
- Ductless heating and cooling with mini‑splits in both units
Local Financial Insights For Multifamily LT 5
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 | $17.7k | $13.80 |
| − Vacancy | −$973 | −$0.76 |
| EGI | $16.7k | $13.04 |
| − OpEx | −$5.0k | −$3.91 |
| NOI | $11.7k | $9.13 |
