Residential Income Duplex with
412 Harvard Drive SE Albuquerque, NM 87106
412 Harvard Drive SE, Albuquerque, NM, 87106
$310,000
For Sale
$310,000
MULTI_FAMILY - Albuquerque, NM
Property Size1,460 SF
Lot Size0.16 Acres
Price / SF$212.33
Days on Market116
Property Features for 412 Harvard Drive SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
- Interior features
- CeilingFans
- Appliances
- Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, RangeHood, Washer
- Standard status
- Active
- APN
- 101605704706930618
- Size
- 1,460 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2985
Utilities
- Heating system
- Forced Air, Central
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1941
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Tile
Listing agency
Realty One of New Mexico
(505) 883-9400
Listed by
Premier Realty Partners
(505) 550-8331
Added: Mar 30 Updated: Jul 21 at 10:06PM Checked: Jul 23 at 7:06AM
MLS# 1100765
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.
412 Harvard Drive SE in Albuquerque is a residential income property designed as a main house plus a detached casita. The main home offers 3 bedrooms and 2 bathrooms, while the detached casita provides 1 bedroom and 1 bathroom. The property is fully fenced, and the casita has its own separate fenced area, supporting privacy and practical separation between the two living spaces.
The casita is currently occupied by a tenant, offering immediate rental income from the detached unit. The location is reported as less than 10 minutes from UNM Hospital, and about 3 minutes to the UNM main campus, making the property convenient for occupants linked to the university and medical facilities.
This configuration suits buyers looking for flexible living-and-renting options, with the ability to occupy the main house while collecting monthly income from the casita. It may also appeal to investors seeking two rentable residential units within a fenced setting and a layout that supports independent use through the separate casita yard area.
The casita is currently occupied by a tenant, offering immediate rental income from the detached unit. The location is reported as less than 10 minutes from UNM Hospital, and about 3 minutes to the UNM main campus, making the property convenient for occupants linked to the university and medical facilities.
This configuration suits buyers looking for flexible living-and-renting options, with the ability to occupy the main house while collecting monthly income from the casita. It may also appeal to investors seeking two rentable residential units within a fenced setting and a layout that supports independent use through the separate casita yard area.
Key Highlights
- Includes a 3‑bedroom, 2‑bath main house plus a detached 1‑bedroom, 1‑bath casita
- Casita has a tenant already in place for immediate monthly income
- Fully fenced property with a separate fenced area for the casita
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 | $20.1k | $13.80 |
| − Vacancy | −$1.1k | −$0.76 |
| EGI | $19.0k | $13.04 |
| − OpEx | −$5.7k | −$3.91 |
| NOI | $13.3k | $9.13 |
1,460 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.4K
$166.6K – $222.1K
NOI $13,328 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$176.2K
$154.2K – $205.5K
NOI $12,332 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$353.2K
$309.1K – $412.1K
NOI $24,724 @ 7.0% cap · market cap 7.98%
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 - Duplex-style setup with a tenant-in-place 1-bedroom casita, fully fenced and separated from the main 3-bedroom home.
Where is this duplex located?
The property is located at 412 Harvard Drive SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Includes a 3‑bedroom, 2‑bath main house plus a detached 1‑bedroom, 1‑bath casita; Casita has a tenant already in place for immediate monthly income; Fully fenced property with a separate fenced area for the casita
