$1,739,530
$286/sqftactive1008 Alvarado Drive SE, Albuquerque, NM 87108
Beds
1
Baths
2
Sqft
6,090
Lot
24,306 sqft
Built
1972
Type
multi family
About This Property
*Property is being sold as a package with 1024 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.
Features & Amenities
Property Details
| MLS # | 1104004 |
| Property Type | multi family |
| Year Built | 1972 |
| Heating | WallFurnace |
| Cooling | Refrigerated |
| Lot Size | 24,306 sqft |
| Property Tax (est.) | $7,641/yr ($637/mo) |
| Price / Sqft | $286 |
| Status | Active |
| Days on Market | 0 |
About Nob Hill → Full Guide
Price vs. Neighborhood
This home
Nob Hill median
340% 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 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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