Two 4-Plex Apartment
For Sale
$375,000
Pending
521 Palomas Dr Se, Albuquerque, NM 87108
Sale offering includes eight total units across two four-plexes with 1- and 2-bedroom layouts.
Property SizeContact for details
Days on Market169
Property Features for 521 Palomas Dr Se
General Information
Standard status
Pending
Property subtype
Residential Income
Occupancy
88%
Additional Details
Cap Rate
6.7%
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$5,144
Listing Agency:
EXP Realty, LLC
Listed By:
K2 Omni Group
(505) 750-2837
Source:
Exprealty
Added: Mar 21
Changed: Sep 5
Last Checked: Sep 4 at 2:23PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This offering features two separate 4-plex properties (eight total units) at 517–521 Palomas Dr SE in Albuquerque, NM. Each unit is configured with either 1-bedroom or 2-bedroom living space and includes private backyard areas. The properties also include gated off-street parking for residents.
The buildings are positioned near Kirtland Air Force Base, with close access to ABQ Transit and a range of nearby amenities, including the Downs Casino and Expo New Mexico. The combined properties are reported to be 87.5% occupied and generate a combined NOI of $51,420, reflecting a blended cap rate of 6.7%.
The buildings are positioned near Kirtland Air Force Base, with close access to ABQ Transit and a range of nearby amenities, including the Downs Casino and Expo New Mexico. The combined properties are reported to be 87.5% occupied and generate a combined NOI of $51,420, reflecting a blended cap rate of 6.7%.
Key Highlights
- Two four‑plexes at 517‑521 Palomas SE offer 8 total units with 1- and 2‑bedroom apartment layouts.
- Each unit includes private backyard space and gated off‑street parking.
- Combined occupancy rate is 87.5% across both properties.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
87.5%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,508
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Sale offering includes eight total units across two four-plexes with 1- and 2-bedroom layouts.
Where is this apartment building located?
The property is located at 521 Palomas Dr Se Albuquerque, NM.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two four‑plexes at 517‑521 Palomas SE offer 8 total units with 1- and 2‑bedroom apartment layouts.; Each unit includes private backyard space and gated off‑street parking.; Combined occupancy rate is 87.5% across both properties.
