2450 Floral Road Nw, Albuquerque, NM 87104
Local realty services provided by:ERA Sellers & Buyers Real Estate
2450 Floral Road Nw,Albuquerque, NM 87104
$466,888
- 3 Beds
- 2 Baths
- 2,786 sq. ft.
- Multi-family
- Active
Listed by:todd d clarke
Office:nm apartment advisors, inc.
MLS#:1087069
Source:NM_SWMLS
Price summary
- Price:$466,888
- Price per sq. ft.:$167.58
About this home
The main house, Unit A, is a three bedroom, two bathroom beauty with hardwoods floors which faces Floral Road. Unit BC is a two story 3 bedroom, two bathroom unit that faces Rose Avenue.Measures of investment performance at start price of $466,888 and current average rent of $2,225 are a GRM of 8.74, a 8.03% cap rate, $233,444 per unit, $167/sf and an after tax IRR of 24.50%, with the potential to lower an investors effective federal tax rate from 35% to 19%. The greater Albuquerque area continues to under go a significant housing shortage of over 13,000 rental housing units due to the new Netflix, Intel, Facebook (Meta) and Amazon jobs.Located at the intersection of Rose Avenue and Floral Road and in the Floral Gardens subdivision,do not miss out on the opportunity
Contact an agent
Home facts
- Year built:1946
- Listing Id #:1087069
- Added:48 day(s) ago
- Updated:July 01, 2025 at 09:46 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Living area:2,786 sq. ft.
Heating and cooling
- Heating:Central, Forced Air, Wall Furnace
Structure and exterior
- Year built:1946
- Building area:2,786 sq. ft.
- Lot area:0.15 Acres
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$466,888
- Price per sq. ft.:$167.58
- Tax amount:$4,975
New listings near 2450 Floral Road Nw
- New
Listed by ERA$375,000Active5 beds 3 baths3,019 sq. ft.9219 Upper Meadow Avenue Sw, Albuquerque, NM 87121
MLS# 1089873Listed by: ERA SUMMIT - New
$975,000Active4 beds 4 baths4,014 sq. ft.10100 Masters Drive Ne, Albuquerque, NM 87111
MLS# 1089875Listed by: KELLER WILLIAMS REALTY - New
$469,000Active3 beds 2 baths1,717 sq. ft.732 Lafayette Drive Ne, Albuquerque, NM 87106
MLS# 1089872Listed by: CONTINENTAL RE GROUP, INC 
$419,000Pending3 beds 2 baths1,772 sq. ft.5420 Thomas Court Ne, Albuquerque, NM 87111
MLS# 1089306Listed by: KELLER WILLIAMS REALTY- New
$510,000Active4 beds 3 baths2,212 sq. ft.9912 Fostoria Road Ne, Albuquerque, NM 87111
MLS# 1089866Listed by: COLDWELL BANKER LEGACY - New
$365,000Active2 beds 2 baths1,472 sq. ft.7535 Quemado Court Ne, Albuquerque, NM 87109
MLS# 1089753Listed by: KELLER WILLIAMS REALTY - Open Tue, 8am to 7pmNew
$308,000Active3 beds 2 baths1,400 sq. ft.5736 Irving Boulevard Nw, Albuquerque, NM 87114
MLS# 1089860Listed by: OPENDOOR BROKERAGE, LLC 
$850,000Pending4 beds 3 baths2,465 sq. ft.Lot 6 Los Ranchos Road Nw, Albuquerque, NM 87107
MLS# 1087524Listed by: KELLER WILLIAMS REALTY
$925,000Active3 beds 3 baths2,580 sq. ft.Lot 7 Los Ranchos Road Nw, Albuquerque, NM 87107
MLS# 1087525Listed by: KELLER WILLIAMS REALTY- New
$339,000Active3 beds 2 baths1,528 sq. ft.7827 Springwood Road Nw, Albuquerque, NM 87120
MLS# 1089855Listed by: THE MAEZ GROUP
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.