Pueblo-Style Duplex With Fenced
3518 Eastern Avenue SE Albuquerque, NM 87106
3518 Eastern Avenue SE, Albuquerque, NM, 87106
$298,000
For Sale
$298,000
MULTI_FAMILY - Albuquerque, NM
Property Size1,282 SF
Lot Size0.11 Acres
Price / SF$232.45
Days on Market93
Property Features for 3518 Eastern Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, 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 agency
Lucky Dog Realty, LLC
(505) 270-5552
Listed by
Kelly R Taliaferro · License #18922
(505) 270-5552
Added: Apr 22 Updated: Jul 21 at 9:55PM Checked: Jul 23 at 3:06AM
MLS# 1104442
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.
This pueblo-style duplex offers two separate 1-bedroom, 1-bath floorplans. Both units feature hardwood floors and open living/kitchen layouts, with access to a large, fully fenced backyard that could be divided. The property includes several major upgrades, including newer 3" insulated stucco, a TPO roof, double-paned windows, tankless water heaters, and mini-splits in both units.
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.
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
- Duplex built in 1953 with two private 1‑bed/1‑bath floorplans
- Both units feature ductless heating and cooling with mini‑splits
- Recent exterior upgrades include newer 3 in. insulated stucco and a TPO roof
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 |
1,282 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$167.2K
$146.3K – $195.1K
NOI $11,703 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$154.7K
$135.4K – $180.5K
NOI $10,829 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$310.1K
$271.4K – $361.8K
NOI $21,710 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 1-bedroom, 1-bath units with modern upgrades and access to a large fenced backyard.
Where is this duplex located?
The property is located at 3518 Eastern Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Duplex built in 1953 with two private 1‑bed/1‑bath floorplans; Both units feature ductless heating and cooling with mini‑splits; Recent exterior upgrades include newer 3 in. insulated stucco and a TPO roof
