508 Indiana Street Se, Albuquerque, NM 87108

Albuquerque
Local realty services provided by:ERA Sellers & Buyers Real Estate
508 Indiana Street Se,Albuquerque, NM 87108
$390,000
  • 8 Beds
  • 4 Baths
  • 3,267 sq. ft.
  • Multi-family
  • Pending
Listed by: angelo mora
Office: keyway properties, inc
MLS#:1107598
Source:NM_SWMLS

Price summary

  • Price:$390,000
  • Price per sq. ft.:$119.38

About this home

This four-unit apartment building offers a strong investment opportunity with a 9.48% cap rate at full asking price. The property features three residential 2 bed, 1 bath units, and one residential 3 bed, 1 bath unit. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. The roof was replaced in December of 2025. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow.

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Home facts

  • Year built:1963
  • Subdivision & Development:Park Add
  • Listing ID #:1107598
  • Added:6 day(s) ago
  • Updated:August 08, 2026 at 08:23 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Kitchen Description:Refrigerator
  • Living area:3,267 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1963
  • Building area:3,267 sq. ft.
  • Lot area:0.19 Acres
  • Levels:1 Story

Utilities

  • Water:Water Connected

Finances and disclosures

  • Price:$390,000
  • Price per sq. ft.:$119.38
  • Tax amount:$1,818

Features and amenities

  • Appliances:Refrigerator

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