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    Remodeled Triplex in Albuquerque

    636 San Pedro Drive SE Albuquerque, NM 87108

    636 San Pedro Drive SE, Albuquerque, NM, 87108
    $325,000
    For Sale
    Claim this Listing
    $325,000

    MULTI_FAMILY - Albuquerque, NM

    Property Size1,950 SF
    Lot Size0.19 Acres
    Price / SF$166.67
    AddedFeb 2
    Days on Market163
    Last RefreshJul 15 at 6:06 am

    Property Features for 636 San Pedro Drive SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
    Parking
    6
    Patio and Porch features
    Patio
    Interior features
    CeilingFans
    Exterior features
    Patio
    Appliances
    Dryer, FreeStandingElectricRange, FreeStandingGasRange, Refrigerator, Washer
    Standard status
    Active
    APN
    101805627341411620
    Size
    1,950 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3114

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Ductless, Ceiling Fan(s)

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Vinyl, Tile
    Building materials
    Adobe

    Listing agent Eric J Villa License #51535

    Listing office Keller Williams Realty 6703 Academy Road NE, ALBUQUERQUE, NM

    Listing date Feb 2, 2026

    MLS# 1098982 Listing URL

    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 remodeled, turn-key, 3-unit rental property is ideally located near major employment centers, transportation, dining, and everyday conveniences. The 1,950 square foot property on a 0.19-acre lot in Albuquerque, New Mexico, offers strong rental appeal and long-term value. It presents an opportunity for both investors and owner-occupants. Each unit is updated and move-in ready, minimizing upfront costs and maintenance. The property delivers immediate cash-flow potential in a high-demand location.

    Key Highlights

    • Remodeled 3‑unit rental property with updated interior in each unit
    • Adobe construction; year built 1950
    • Ductless heating and ductless cooling with ceiling fan(s)

    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 $26.9k $13.80
    − Vacancy −$1.5k −$0.76
    EGI $25.4k $13.04
    − OpEx −$7.6k −$3.91
    NOI $17.8k $9.13
    1,950 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $254.3K
    $222.5K – $296.7K (±1% cap)
    NOI $17,801 @ 7.0% cap · market cap 5.48%
    Second Best
    Apartment 5plus
    $235.3K
    $205.9K – $274.5K (±1% cap)
    NOI $16,471 @ 7.0% cap · market cap 5.07%
    Theoretical Best
    Office A
    $471.7K
    $412.8K – $550.4K (±1% cap)
    NOI $33,022 @ 7.0% cap · market cap 10.16%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Building Supply Garden Center HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Cosmetic Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

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    FAQs

    What type of property is this?
    Triplex - Turn-key, remodeled 3-unit rental property near employment and transportation.
    Where is this triplex located?
    The property is located at 636 San Pedro Drive SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Remodeled 3‑unit rental property with updated interior in each unit; Adobe construction; year built 1950; Ductless heating and ductless cooling with ceiling fan(s)
    Contact an agent
    (505) 414-0668
    We can help!
    Contact an agent
    Eric J Villa
    Real Estate License ID: 51535
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