2104 Lead Avenue Se, Albuquerque, NM 87106

Albuquerque
Local realty services provided by:ERA Sellers & Buyers Real Estate
2104 Lead Avenue Se,Albuquerque, NM 87106
$619,887
  • 1 Beds
  • 2 Baths
  • 2,670 sq. ft.
  • Multi-family
  • Active
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1104393
Source:NM_SWMLS

Price summary

  • Price:$619,887
  • Price per sq. ft.:$232.17

About this home

This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.

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Home facts

  • Year built:1936
  • Listing ID #:1104393
  • Added:23 day(s) ago
  • Updated:June 21, 2026 at 02:18 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2
  • Flooring:Vinyl
  • Kitchen Description:Refrigerator
  • Living area:2,670 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1936
  • Building area:2,670 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Frame, Stucco
  • Levels:3 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$619,887
  • Price per sq. ft.:$232.17
  • Tax amount:$1,941

Features and amenities

  • Appliances:Refrigerator

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