1008 Alvarado Drive Se, Albuquerque, NM 87108

Albuquerque
Local realty services provided by:ERA Sellers & Buyers Real Estate
1008 Alvarado Drive Se,Albuquerque, NM 87108
$1,739,530
  • 1 Beds
  • 2 Baths
  • 6,090 sq. ft.
  • Multi-family
  • Active
Listed by: luke scarpa
Office: nai sunvista commercial re
MLS#:1104004
Source:NM_SWMLS

Price summary

  • Price:$1,739,530
  • Price per sq. ft.:$285.64

About this home

*Property is being sold as a package with 1024 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.

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Home facts

  • Year built:1972
  • Subdivision & Development:Virginia Place Add
  • Listing ID #:1104004
  • Added:85 day(s) ago
  • Updated:August 15, 2026 at 02:28 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2
  • Flooring:Tile, Vinyl
  • Kitchen Description:Free Standing Gas Range, Refrigerator
  • Living area:6,090 sq. ft.

Heating and cooling

  • Cooling:Refrigerated
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1972
  • Building area:6,090 sq. ft.
  • Lot area:0.56 Acres
  • Exterior Features:Landscaping
  • Levels:2 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,739,530
  • Price per sq. ft.:$285.64
  • Tax amount:$7,641

Features and amenities

  • Appliances:Free Standing Gas Range, Refrigerator

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