1221 2Nd St Albuquerque, NM 87102
This exceptional .09-acre lot (3,920.4 sq ft), located at 1221 2nd St SW in Albuquerque, New Mexico (zip code 87102), presents a unique opportunity for development. Priced at $85,000 ($21.68/sq ft), this mixed-use, multifamily-permitted property (APN: 101405615452821829) is zoned R-ML. Its central downtown Albuquerque location offers unparalleled access to a vibrant urban lifestyle. Nearby attractions include the Albuquerque zoo, aquarium, art galleries, museums, and a diverse array of shops and restaurants. The property's strategic position makes it highly suitable for constructing a multifamily residence, catering to the growing demand for rental properties in this desirable area. This is an owner/user investment opportunity, with no ground lease involved. The property is situated in Bernalillo County. This is a fantastic chance to build in a thriving downtown setting, close to cultural and entertainment amenities. Owner financing may be available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.