$265,000

$134/sqftactive

508 Alvarado Drive SE, Albuquerque, NM 87108

0 days on market

Beds

Baths

Sqft

1,975

Lot

6,752 sqft

Built

1956

Type

multi family

About This Property

Investment opportunity in Southeast Albuquerque! This triplex offers three 1-bedroom, 1-bathroom units, all currently occupied with month-to-month leases and an established rental history. Each unit includes washer and dryer hookups. The roof is only 7 years old. Ideally sold together with the neighboring triplex at 514 Alvarado Drive SE, offering investors the opportunity to acquire six rental units in one location. Separate offers may also be considered. A vacant unit at 514 Alvarado is available for showings.

Features & Amenities

Landscaping

Free Standing Gas Range

Refrigerator

Laminate Flooring

Subdivision: Baron Burg Heights

Property Details

MLS #	1113516
Property Type	multi family
Year Built	1956
Heating	WallFurnace
Cooling	EvaporativeCooling,WindowUnits
Lot Size	6,752 sqft
Property Tax (est.)	$1,971/yr ($164/mo)
Price / Sqft	$134
Status	Active
Days on Market	0

About Nob Hill → Full Guide

Price vs. Neighborhood

This home

$265,000

Nob Hill median

$375,000

29% below the Nob Hill median. Homes here sell in an average of 41 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 ERA Summit. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.