511 Spruce Street Southeast, Albuquerque, NM 87106

Building Details

Year Built

1936

Listing office NAI Sun Vista Show Phone

Listing date Jun 12, 2026

Source Crexi

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Overview

511 Spruce Street Southeast is a fully stabilized, fully occupied multifamily property featuring four furnished units. The unit mix includes five of the six units that have undergone extensive renovations, with improvements noted across major exterior and interior systems and finishes. Updates include new roofs, heating and cooling systems, exterior paint and stucco, along with refreshed appliances, flooring, and interior paint, supporting a move-in ready furnished rental setup.

The property is located near multiple established employment and education hubs, including UNM, Presbyterian Hospital, CNM, Kirtland Air Force Base, and Downtown Albuquerque. That surrounding tenant draw aligns with the property’s long history of strong occupancy as furnished rentals.

For prospective buyers, this offering presents a largely renovated, operational asset with in-place occupancy and furnished unit availability. The renovation scope and attention to both exterior and interior components may help reduce near-term capital planning while maintaining a format that supports tenants seeking furnished living arrangements in a convenient Albuquerque area.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Albuquerque

County

Sandoval

State

New Mexico

Longitude

-106.633714

Latitude

35.0778352

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FAQs

What type of property is this?

Apartment building - Fully occupied multifamily with furnished units and renovations including new roofs, HVAC, appliances, and updated interiors.

Where is this apartment building located?

The property is located at 511 Spruce Street Southeast Albuquerque, NM.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 100% occupied multifamily asset at 511 Spruce St SE with four fully furnished units; Five of six units have undergone extensive renovations: new roofs, heating and cooling systems, exterior paint and stucco; Renovations also include updated appliances, flooring, and interior paint in multiple units