816 Ortiz Drive SE, Albuquerque, NM 87108
MULTI_FAMILY - Albuquerque, NM
- Added:
- Nov 30, 2025
- Days on Market:
- 197
- Last Refresh:
- Jun 15 at 9:06 am
Property Features for 816 Ortiz Drive SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
- Parking
- 2
- Accessibility
- Accessible Approach with Ramp
- Appliances
- FreeStandingElectricRange, Refrigerator, RangeHood
- Standard status
- Active
- APN
- 101805604237421017
- Size
- 2,470 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4006
Utilities
- Heating system
- Forced Air, Central
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Tile
- Building materials
- Frame, Stucco
Listing agent Anahi M Salcido License #20470 (505) 480-1461
Listing office Realty One of New Mexico 3740 Coors Blvd NW Ste. C, Albuquerque, NM (505) 883-9400
Listing date Nov 30, 2025
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.
HighLights
- Triplex property offering income potential from three separate leased units.
- Convenient location near Nob Hill, UNM, Kirkland Airforce Base, and the VA Hospital.
- Unit A features an enclosed front yard, single‑car garage with storage/workshop, and two additional parking spaces.
- Serene courtyard with covered patio accessible to all units.
- Unit C includes a private gated backyard with raised flower beds and two large storage sheds.
- All units include at least one parking space.
Overview
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 | $34.1k | $13.80 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $32.2k | $13.04 |
| − OpEx | −$9.7k | −$3.91 |
| NOI | $22.5k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.584821
- Latitude
- 35.068513
