$370,000

$110/sqftactive

538 Ortiz Drive SE, Albuquerque, NM 87108

1 days on market

Beds

Baths

Sqft

3,360

Lot

6,752 sqft

Built

1983

Type

multi family

About This Property

Great investment opportunity just 10 minutes from UNM and Nob Hill! This property features 2-bedroom, 1-bathroom units, individually metered for gas and electricity. Vacant units need some TLC, offering value-add potential to improve rental income and property value. Shares a courtyard with 540 Ortiz (MLS# 1112705 ), creating an excellent opportunity for a combined investment. Seller prefers to sell both properties together. Owner financing may be available. Please do not disturb tenants. Contact the listing agent for showing access.

Features & Amenities

Free Standing Electric Range

Disposal

Refrigerator

Range Hood

Laminate Flooring

Property Details

MLS #	1112703
Property Type	multi family
Year Built	1983
Heating	ForcedAir
Cooling	EvaporativeCooling
Lot Size	6,752 sqft
Property Tax (est.)	$3,378/yr ($282/mo)
Price / Sqft	$110
Status	Active
Days on Market	1

About Nob Hill → Full Guide

Price vs. Neighborhood

This home

$370,000

Nob Hill median

$398,000

7% below the Nob Hill median. Homes here sell in an average of 34 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 MORE Realty, 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.