Login

1024 Alvarado Drive Se #APT 6, Albuquerque, NM 87108

Albuquerque
Local realty services provided by:CENTURY 21 Champions, Inc.
1024 Alvarado Drive Se #APT 6,Albuquerque, NM 87108
$1,660,470
  • 3 Beds
  • 3 Baths
  • 8,360 sq. ft.
  • Multi-family
  • Active
Listed by: luke scarpa
Office: nai sunvista commercial re
MLS#:1104005
Source:NM_SWMLS

Price summary

  • Price:$1,660,470
  • Price per sq. ft.:$198.62

About this home

*Property is being sold as a package with 1008 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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1955
  • Subdivision & Development:Virginia Place Addition
  • Listing ID #:1104005
  • Added:161 day(s) ago
  • Updated:October 30, 2026 at 04:11 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Flooring:Vinyl
  • Kitchen Description:Dishwasher, Free Standing Gas Range, Refrigerator
  • Living area:8,360 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1955
  • Building area:8,360 sq. ft.
  • Lot area:0.31 Acres
  • Levels:2 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,660,470
  • Price per sq. ft.:$198.62
  • Tax amount:$5,300

Features and amenities

  • Appliances:Dishwasher, Free Standing Gas Range, Refrigerator

New listings near 1024 Alvarado Drive Se #APT 6