12509 Manitoba Drive Ne, Albuquerque, NM 87112

Local realty services provided by:ERA Summit
12509 Manitoba Drive Ne,Albuquerque, NM 87112
$553,214
  • 2 Beds
  • 1 Baths
  • 2,940 sq. ft.
  • Multi-family
  • Active
Listed by: todd d clarke, damon j maddox
Office: nm apartment advisors, inc.
MLS#:1095868
Source:NM_SWMLS

Price summary

  • Price:$553,214
  • Price per sq. ft.:$188.17

About this home

The property is located close to foothills trails, Sandia Pueblo, The Elena Gallegos open space preserve, the second longest aerial Tramway in the world as well as, KAFB/Sandia National Laboratories and great local shopping & restaurants. Each apartment contains two bedrooms and one bathroom and separately metered for gas and electric. There is one on-site laundry room, downstairs just off the large parking lot that accommodates plenty of off street parking. Measures of investment performance at ask price of $552,214 and average rents of $1,088 are a GRM of 10.60, a 5.36% cap rate, $138,804 per unit, $188.17/sf.If rents are raised to market rate of $1,395, the measure of investment performance improve to a 6.91% cap rate and that a large potential increases in property taxe

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Home facts

  • Year built:1979
  • Listing ID #:1095868
  • Added:1 day(s) ago
  • Updated:December 19, 2025 at 12:35 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Living area:2,940 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Central, Forced Air

Structure and exterior

  • Year built:1979
  • Building area:2,940 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$553,214
  • Price per sq. ft.:$188.17
  • Tax amount:$1,886

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