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Property profile & analytics
OFF-MARKET
Residential income homes

1221 2Nd St Albuquerque, NM 87102

Property ID
US61-0155894
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
APN 101405615452821829
UPID US61-0155894
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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