1030-1040 Truman Street Se, Albuquerque, NM 87108

Local realty services provided by:ERA Summit
1030-1040 Truman Street Se,Albuquerque, NM 87108
$1,500,000
  • 1 Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: harrison alley
Office: berger briggs re & prop mgmt
MLS#:1094437
Source:NM_SWMLS

Price summary

  • Price:$1,500,000

About this home

The unit mix offers valuable diversity, with 3 two-bedroom/one-bathroom and 3 one-bedroom/one-bathroom units at 1030 Truman -- complete with private garages -- and an additional 3 units at 1040 Truman, including one 1-bedroom/1-bathroom and two 2-bedroom/1-bathroom apartments. The buildings are situated on spacious lots with mature landscaping, wrought iron security, and private courtyard areas that enhance curb appeal and resident livability.The projected gross income of $139,200 annually, adjusted for a 5% vacancy to $132,240, with estimated operating expenses of $37,361, yielding a pro forma NOI of $94,879. At the asking price of $1,500,000, the property offers a projected cap rate of 6.33% with a before-tax IRR of 17.41% .

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Home facts

  • Year built:1952
  • Listing ID #:1094437
  • Added:34 day(s) ago
  • Updated:December 17, 2025 at 06:31 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1

Heating and cooling

  • Heating:Central, Floor Furnace, Forced Air

Structure and exterior

  • Year built:1952
  • Lot area:0.59 Acres

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,500,000
  • Tax amount:$10,387

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