511 Spruce Street Se, Albuquerque, NM 87106

Albuquerque
Local realty services provided by:ERA Summit
511 Spruce Street Se,Albuquerque, NM 87106
$850,000
  • 7 Beds
  • 6 Baths
  • 3,749 sq. ft.
  • Multi-family
  • Active
Listed by: luke scarpa
Office: nai sunvista commercial re
MLS#:1105527
Source:NM_SWMLS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$226.73

About this home

Offered at $850,000 ($141,666/unit) with an attractive 7.28% acquisition cap rate, 511 Spruce St SE presents a rare opportunity to acquire a fully stabilized multifamily asset with proven in-place cash flow. The property is 100% occupied and features four fully furnished units, with five of the six units having undergone extensive renovations including new roofs, heating and cooling systems, exterior paint and stucco, appliances, flooring, and interior paint. A diverse unit mix supports broad tenant demand, while its long history of strong occupancy as furnished rentals is complemented by an exceptional location near UNM, Presbyterian Hospital, CNM, Kirtland Air Force Base, and Downtown Albuquerque.

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Home facts

  • Year built:1936
  • Subdivision & Development:Terrace Add
  • Listing ID #:1105527
  • Added:45 day(s) ago
  • Updated:July 29, 2026 at 02:42 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:6
  • Flooring:Tile, Vinyl
  • Kitchen Description:Dishwasher, Free Standing Gas Range, Microwave, Refrigerator
  • Living area:3,749 sq. ft.

Heating and cooling

  • Cooling:Ductless, Evaporative Cooling
  • Heating:Ductless

Structure and exterior

  • Year built:1936
  • Building area:3,749 sq. ft.
  • Lot area:0.31 Acres
  • Levels:1 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$226.73
  • Tax amount:$3,169

Features and amenities

  • Appliances:Dishwasher, Free Standing Gas Range, Microwave, Refrigerator

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