$850,000
$227/sqftactive511 Spruce Street SE, Albuquerque, NM 87106
Beds
7
Baths
6
Sqft
3,749
Lot
13,504 sqft
Built
1936
Type
multi family
About This Property
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.
Features & Amenities
Property Details
| MLS # | 1105527 |
| Property Type | multi family |
| Year Built | 1936 |
| Heating | Ductless |
| Cooling | Ductless,EvaporativeCooling |
| Lot Size | 13,504 sqft |
| Property Tax (est.) | $3,169/yr ($264/mo) |
| Price / Sqft | $227 |
| Status | Active |
| Days on Market | 0 |
About Nob Hill → Full Guide
Price vs. Neighborhood
This home
Nob Hill median
127% above the Nob Hill median. Homes here sell in an average of 31 days.
Commute Times
Unm
5 min
Downtown
10 min
Abq Studios
20 min
Sandia Labs
20 min
Kirtland Afb
15 min
Presbyterian
12 min
Intel Rio Rancho
35 min
Nearby Schools
Monte Vista Elementary
K-5 · APS
Jefferson Middle School
6-8 · APS
Highland High School
9-12 · APS
UNM (University of New Mexico)
Higher Ed · State
Neighborhood Guide
Explore Nob Hill
Eclectic & Walkable
Listing courtesy of NAI SunVista Commercial RE. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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