7524 2nd Street Nw, Albuquerque, NM 87107
Local realty services provided by:ERA Sellers & Buyers Real Estate
7524 2nd Street Nw,Albuquerque, NM 87107
$705,675
- 5 Beds
- 5 Baths
- 6,685 sq. ft.
- Multi-family
- Active
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1111323
Source:NM_SWMLS
Price summary
- Price:$705,675
- Price per sq. ft.:$105.56
About this home
On behalf of the Owner, Deacon Property Services and NM Apartment Advisors are excited to bring to market a private compound style apartment community located in the Albuquerque's north valley. Spread across three buildings, these 12 unique units are located across the street from the new 2nd street lenticular park and a few blocks from the Rio Grande River and its Bosque Forest and nature trails.This is a rare opportunity to own a true value-add apartment compound with so much potential in such a unique area. Reap the benefits of significant recent modernization and property improvements, then continue updating the property with your vision on your timeline to maximize upside. A 3/4 acre lot also offers potential for adding additional units and cool common area amenities. Current unit mix features five studios, six 1-bedrooms, and one 2-bedroom apartment. All apartments are unique with some modern updates and cool / classic character touches. Residents love the ample parking, the thermal windows, the soft-gated compound atmosphere, the rural north valley setting, and the proximity to the Rio Grande Bosque and I-25. The property is also conveniently located 1.5 miles south of Paseo Del Norte (Highway 423 - a major east/west thoroughfare in northern Albuquerque), less than a quarter-mile from a public library, and nearby other local retail, stores, restaurants, and breweries.At the current average rent of $813, and an ask price of $705,675 the measures of investment performance include a price per unit of $58,806, price per square foot of $105.56, a GRM of 6.03, and after reserves cap rate of 10.00%....
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Home facts
- Year built:1946
- Subdivision & Development:Tract 150-A1 Map 27
- Listing ID #:1111323
- Added:43 day(s) ago
- Updated:November 04, 2026 at 04:50 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Flooring:Carpet, Tile, Vinyl
- Kitchen Description:Refrigerator
- Living area:6,685 sq. ft.
Structure and exterior
- Year built:1946
- Building area:6,685 sq. ft.
- Lot area:0.76 Acres
- Construction Materials:Frame, Stucco, Wood Siding
- Levels:1 Story
Finances and disclosures
- Price:$705,675
- Price per sq. ft.:$105.56
- Tax amount:$3,356
Features and amenities
- Appliances:Refrigerator
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