517 1st Street Sw, Albuquerque, NM 87102

Local realty services provided by:ERA Sellers & Buyers Real Estate
517 1st Street Sw,Albuquerque, NM 87102
$1,390,000
  • 0.49 Acres
  • Lots / Land
  • Active
Listed by: todd d clarke, anita maestas
Office: nm apartment advisors, inc.
MLS#:1072123
Source:NM_SWMLS

Price summary

  • Price:$1,390,000

About this home

The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open from 9/4 to 10/16

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Home facts

  • Listing ID #:1072123
  • Added:435 day(s) ago
  • Updated:December 17, 2025 at 06:31 PM

Structure and exterior

  • Lot area:0.49 Acres

Schools

  • High school:Albuquerque
  • Middle school:Washington
  • Elementary school:Dolores Gonzales

Utilities

  • Water:Community/Coop, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,390,000
  • Tax amount:$940

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