$522,720

$162/sqftactive

1315 Madeira Drive SE, Albuquerque, NM 87108

0 days on market

Beds

Baths

Sqft

3,233

Lot

8,581 sqft

Built

1980

Type

multi family

About This Property

This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire a amazing fourplex that was built by the same engineer/ developer who built the world largest free standing wood structure (the Trestle). What is the Trestle you ask? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history.This fourplex is part of a larger 16 units (4 x fourplexes) community that was developed by Dr. Carl Baum as his primary residence while he worked at Kirtland base for the Air Force. Mr. Baum was known as a world recognized expert on electromagnetic pulse phenomena. He designed and built this portfolio of apartments to be closer to work and model his lifestyle after his work ethic.Measures of investment performance include: at ask price of $522,720, $130,650 per unit, $138.87/sf, 6.92% before reserves CAP rate, a 6.75% after reserves cap rate, and an after tax IRR of 19.2%.

Features & Amenities

Refrigerator

Vinyl Flooring

1 Story

6 Parking Spaces

Subdivision: Summary Plat Tract B Virginia Place Add

Property Details

MLS #	1108087
Property Type	multi family
Year Built	1980
Heating	ForcedAir
Cooling	EvaporativeCooling
Lot Size	8,581 sqft
Property Tax (est.)	$3,387/yr ($282/mo)
Price / Sqft	$162
Status	Active
Days on Market	0

About Nob Hill → Full Guide

Price vs. Neighborhood

This home

$522,720

Nob Hill median

$398,000

31% 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

6/10

Jefferson Middle School

6-8 · APS

5/10

Highland High School

9-12 · APS

5/10

UNM (University of New Mexico)

Higher Ed · State

Neighborhood Guide

Explore Nob Hill

Eclectic & Walkable

Listing courtesy of NM Apartment Advisors, Inc.. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.