1200 Ortiz Drive Se, Albuquerque, NM 87108

Local realty services provided by:ERA Sellers & Buyers Real Estate
1200 Ortiz Drive Se,Albuquerque, NM 87108
$3,965,358
  • 1 Beds
  • 1 Baths
  • 25,632 sq. ft.
  • Multi-family
  • Active
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1092641
Source:NM_SWMLS

Price summary

  • Price:$3,965,358
  • Price per sq. ft.:$154.7

About this home

Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1964
  • Listing ID #:1092641
  • Added:70 day(s) ago
  • Updated:December 17, 2025 at 06:31 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Living area:25,632 sq. ft.

Heating and cooling

  • Heating:Active Solar

Structure and exterior

  • Year built:1964
  • Building area:25,632 sq. ft.
  • Lot area:0.31 Acres

Finances and disclosures

  • Price:$3,965,358
  • Price per sq. ft.:$154.7
  • Tax amount:$3,774

New listings near 1200 Ortiz Drive Se