511 Candelaria Rd NW Albuquerque, NM 87107

Listing agency N.M. Apartments, Inc. t***@nmapartment.com Show Phone

Listed by Todd Clarke · License #13711

Source Crexi

Added: Apr 11 Updated: Jul 20 at 11:41PM Checked: Jul 21 at 10:13AM

Report an Issue

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 N.M. Apartments, Inc.

---

Investment Insights

Based on property information with market context.

Offered for sale, 511-13 Candelaria Rd NW presents a 14-unit apartment community. The property is described as a value-add opportunity, with a majority of units renovated and a couple currently in need of renovation, along with an overhaul of the laundry room. The asset is restricted by a Land Use Restriction Agreement (LURA) that provides long-term affordable housing and is believed to remain in place for an additional 14 years.

The community is positioned near the Fourth Street corridor amid higher-end new development, with access to the Rio Grande Bosque Wilderness, Rio Grande shopping and dining, and area Acequia trails. The remarks also note proximity to I-25 and the historic Camino Real and pre-1937 Route 66.

The property is being marketed through a BID process, with a tour scheduled for noon on Tuesday, October 3, 2023 and an offer deadline of noon on Thursday, October 5, 2023. Qualified investors can register for the tour and obtain confidential information.

Key Highlights

• 14‑unit multifamily property at 511‑13 Candelaria in North Valley Albuquerque.
• Majority of units renovated; a couple units still in need of renovation and laundry room overhaul.
• Land Use Restriction Agreement (LURA) for long‑term affordable housing believed in place for an additional 14 years.

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $1,600,000

  6,015 SF

  Bar and Restaurant with Outdoor Dining

  Turnkey bar/restaurant with a full kitchen, multiple indoor and outdoor dining areas, office/storage, and ample on-site parking.

  1511 Broadway Boulevard Southeast, Albuquerque, NM 87102

  View Details
• 

  $835,000

  5,400 SF

  Industrial Warehouse with Rollup Doors

  Versatile warehouse includes a loading dock, two rollup doors, and drive-around access on an NR-C zoned site.

  3115 Claremont Ave NE, Albuquerque, NM 87109

  View Details
• 

  $7,250,000

  16,104 SF

  Prime Albuquerque Retail Portfolio

  Two-parcel retail portfolio at a high-traffic Albuquerque intersection.

  4340 San Mateo Boulevard NE, Albuquerque, NM 87110

  View Details
• 

  $579,000

  4,300 SF

  Nine-Unit Multifamily Property

  For-sale nine-unit multifamily asset near the State Fair grounds, offered with scheduled tour and offer dates.

  6720 Cochiti Road SE, Albuquerque, NM 87108

  View Details
• 

  $3,930,000

  8,685 SF

  Retail Strip Center Investment

  Shadow-anchored strip center positioned near Bass Pro Shops within the Journal Center submarket.

  5161 Lang Ave NE, Albuquerque, NM 87109

  View Details
• 

  $1,445,000

  11,676 SF

  Multi-Use Flex and Warehouse Building

  Multi-use building with two roll-up doors, newer HVAC units, and gated equipment storage plus 30+ parking spaces.

  6417 Lomas Boulevard NE, Albuquerque, NM 87110

  View Details
• 

  $1,196,400

  2,844 SF

  Single-Tenant Medical Office NNN

  Stand-alone NNN leased medical office building on a major Albuquerque trade corridor, designed for long-term tenant stability.

  1300 Wyoming Blvd. NE, Albuquerque, NM 87112

  View Details
• 

  $1,495,000

  8,256 SF

  Freestanding Office Building in Uptown

  Freestanding office building with long-term tenant in place.

  7000 Prospect Place Northeast, Albuquerque, NM, 87110

  View Details
• 

  $2,180,000

  9,324 SF

  Office Building with Ample Parking

  Renovated office building featuring private offices, conference rooms, and multiple restroom facilities with strong highway visibility.

  500 Oak Street Northeast, Albuquerque, NM 87106

  View Details
• 

  $950,000

  9,100 SF

  Albuquerque Multifamily Investment Opportunity

  Seven updated townhome-style apartments with condo conversion potential.

  3505 Lafayette Drive NE, Albuquerque, NM 87107

  View Details
• 

  $1,900,000

  8,155 SF

  Multi-Tenant Retail Strip Center

  Seven retail units total about 8,155 square feet, offering flexible space for investors or owner-occupants.

  1301 San Mateo Boulevard NE Unit 01-11b, Albuquerque, NM 87110

  View Details
• 

  $1,800,000

  6,613 SF

  Functional Medical Office Condo

  Well-designed medical office condo with fully equipped exam rooms.

  10151 Montgomery Blvd NE, Albuquerque, NM 87111

  View Details

FAQs

What type of property is this?

Apartment building - Fourteen-unit multifamily property with partial renovations, plus a Land Use Restriction Agreement governing long-term affordable housing.

Where is this apartment building located?

The property is located at 511 Candelaria Rd NW Albuquerque, NM.

What are key features of this property?

This property features: 14‑unit multifamily property at 511‑13 Candelaria in North Valley Albuquerque.; Majority of units renovated; a couple units still in need of renovation and laundry room overhaul.; Land Use Restriction Agreement (LURA) for long‑term affordable housing believed in place for an additional 14 years.