1315 Madeira Drive Se, Albuquerque, NM 87108
Local realty services provided by:ERA Summit
1315 Madeira Drive Se,Albuquerque, NM 87108
$522,720
- 3 Beds
- 2 Baths
- 3,233 sq. ft.
- Multi-family
- Active
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1108087
Source:NM_SWMLS
Price summary
- Price:$522,720
- Price per sq. ft.:$161.68
About this home
This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire an amazing fourplex that was built by the same engineer/ developer who built the Trestle. What is the Trestle? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history.This fourplex is part of a larger 16 units (4 x fourplexes) community that was developed by Dr. Carl Baum as his primary residence while he worked at Kirtland Air Force Base.Dr. Baum was known as a world recognized expert on electromagnetic pulse phenomena. He designed and built this portfolio of apartments to be closer to work and model his lifestyle after his work ethic.Beyond this Property's rich history, residents love the upgraded & properly loaded 2 bedroom 1 bath floor plans with quality updates, solid surface flooring throughout, modern fixtures, full size washer / dryers in a separate utility closets, big courtyard spaces, and large & updated kitchens with all appliances -including dishwashers.Measures of investment performance include: at ask price of $522,720, $130,650 per unit, $138.87/sf, 6.92% before reserves CAP rate, a 6.75% after reserves cap rate, and an after tax IRR of 19.2%....
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Home facts
- Year built:1980
- Subdivision & Development:Summary Plat Tract B Virginia Place Add
- Listing ID #:1108087
- Added:1 day(s) ago
- Updated:July 29, 2026 at 11:33 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Flooring:Vinyl
- Kitchen Description:Refrigerator
- Living area:3,233 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Forced Air
Structure and exterior
- Year built:1980
- Building area:3,233 sq. ft.
- Lot area:0.2 Acres
- Construction Materials:Block, Frame, Stucco
- Levels:1 Story
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$522,720
- Price per sq. ft.:$161.68
- Tax amount:$3,387
Features and amenities
- Appliances:Refrigerator
Parking
- Total parking spaces:6
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