$619,887

$232/sqftactive

2104 Lead Avenue SE, Albuquerque, NM 87106

1 days on market

Beds

Baths

Sqft

2,670

Lot

7,013 sqft

Built

1936

Type

multi family

About This Property

This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.

Features & Amenities

Refrigerator

Carpet Free Flooring

Vinyl Flooring

3 Stories

Subdivision: Buena Vista Heights Add

Property Details

MLS #	1104393
Property Type	multi family
Year Built	1936
Heating	WallFurnace
Cooling	Ductless
Lot Size	7,013 sqft
Property Tax (est.)	$1,941/yr ($162/mo)
Price / Sqft	$232
Status	Active
Days on Market	1

About Nob Hill → Full Guide

Price vs. Neighborhood

This home

$619,887

Nob Hill median

$395,000

57% 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

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.