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Near North Valley Multifamily Home for Sale

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    $220,000

    • 1 Bath
    • 910 Sq Ft

    424 Cordova Ave NW, Albuquerque, NM 87107

    At the ask price of $220,000 and an average potential rent of $1,125 the measure of investment performance include a price per unit of $110,000, a price per square foot of $223.91, a 8.84 GRM, and 7.15% before reserves cap rate.At this new price, Seller has a strong preference for an all cash, close quick offer.The property features a 1930's north valley homes is all authentic north valley

    Todd Clarke NM Apartment Advisors, Inc.

    424 Cordova Ave NW, Albuquerque, NM 87107

Why Live in Near North Valley

Near North Valley in Albuquerque, located about 3 miles north of downtown, is a suburban neighborhood with a population of 26,500. The area is conveniently close to shopping, dining, and major employers like Netflix and Facebook’s data center. The neighborhood features a mix of midcentury ranch-style homes built from the 1950s to the 1990s, characterized by earth-toned stucco exteriors and flat roofs, as well as newly constructed Pueblo Revival-style homes with narrow driveways and one-car garages. Residents can enjoy the cultural influence of Pueblo Indian architecture and Mexican cuisine, with local dining options including Mary & Tito’s Café and Pastian’s Bakery. For outdoor activities, the Rio Grande Nature Center State Park, located 2 miles northwest, offers hiking trails, a pollinator garden, and birdwatching opportunities. Valley Haven Park provides a quieter setting with a playground and walking paths. The Indian Pueblo Cultural Center, situated a mile south, hosts events like American Indian Week and the Spring Arts Market, showcasing native dances, jewelry, pottery, and paintings. The neighborhood is well-connected with Montano Road and Rio Grande Boulevard providing access to shops and restaurants, while 12th Street leads directly into downtown Albuquerque. Public transportation is accessible via ABQ RIDE buses along Rio Grande Boulevard. The area is safer than the national average, and Albuquerque International Sunport is within 8 miles south.

Home Trends in Near North Valley, NM

Housing Trends

Median Sale Price
$285,000
Median Single Family Sale Price
$297,000
Average Price Per Sq Ft
$214
Number of Homes for Sale
12
Last 12 months Home Sales
51
Months of Supply
2.80
Median List Price
$315,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-5%
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