$775,000
$232/sqftactive301 Graceland Drive SE, Albuquerque, NM 87108
Beds
9
Baths
6
Sqft
3,335
Lot
8,276 sqft
Built
1962
Type
multi family
About This Property
Huge Price Improvement!!! Mid-century Nob Hill investment opportunity offering immediate income and long-term upside. This five-unit property consists of four twobedroom units and one one-bedroom unit, all fully renovated with modern kitchens, updated bathrooms, new plumbing, flooring, and washer/dryer hookups no deferred maintenance required. Three units are currently leased and generating cash flow, providing in-place income. Located in a prime Nob Hillneighborhood with strong rental demand, the property presents an attractive opportunity for investors seeking stable returns, rent growth potential, and long term appreciation.
Features & Amenities
Property Details
| MLS # | 1098316 |
| Property Type | multi family |
| Year Built | 1962 |
| Heating | Central,ForcedAir |
| Cooling | EvaporativeCooling |
| Lot Size | 8,276 sqft |
| Property Tax (est.) | $5,500/yr ($458/mo) |
| Price / Sqft | $232 |
| Status | Active |
| Days on Market | 112 |
About Nob Hill → Full Guide
Price vs. Neighborhood
This home
Nob Hill median
95% above the Nob Hill median. Homes here sell in an average of 28 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 Keller Williams Realty. © 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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