1024 Alvarado Drive Se #APT 6, Albuquerque, NM 87108

Albuquerque
Local realty services provided by:ERA Summit
1024 Alvarado Drive Se #APT 6,Albuquerque, NM 87108
$1,660,470
  • 3 Beds
  • 3 Baths
  • 8,360 sq. ft.
  • Multi-family
  • Active
Listed by: luke scarpa
Office: nai sunvista commercial re
MLS#:1104005
Source:NM_SWMLS

Price summary

  • Price:$1,660,470
  • Price per sq. ft.:$198.62

About this home

*Property is being sold as a package with 1008 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:1955
  • Listing ID #:1104005
  • Added:41 day(s) ago
  • Updated:July 01, 2026 at 02:32 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Flooring:Vinyl
  • Kitchen Description:Dishwasher, Free Standing Gas Range, Refrigerator
  • Living area:8,360 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1955
  • Building area:8,360 sq. ft.
  • Lot area:0.31 Acres
  • Levels:2 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,660,470
  • Price per sq. ft.:$198.62
  • Tax amount:$5,300

Features and amenities

  • Appliances:Dishwasher, Free Standing Gas Range, Refrigerator

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