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South Los Altos Multifamily Homes & Duplexes for Sale

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    $360,000

    • 2 Beds
    • 1 Bath

    127 Garcia St NE, Albuquerque, NM 87123

    Stable cash-flowing property! This well-maintained 4-unit apartment complex features four spacious 2-bed, 1-bath units, consistently attracting tenants. Currently generating a gross annual income of $51,000 with an estimated NOI of $29,782, offering an attractive standalone cap rate of 7.94%. Must be sold together with the separately listed property at 126 Altez St. SE. MLS # 1078578. Both

    Angelo Mora Caruso Realty, LLC

    127 Garcia St NE, Albuquerque, NM 87123
  • /2

    $360,000

    • 2 Beds
    • 1 Bath

    126 Altez St NE, Albuquerque, NM 87123

    Stable cash-flowing property! This well-maintained 4-unit apartment complex features four spacious 2-bed, 1-bath units, consistently attracting tenants. Currently generating a gross annual income of $52,800 with an estimated NOI of $31,294, offering an attractive standalone cap rate of 8.34%. Must be sold together with the separately listed property at 127 Garcia St. SE. MLS # 1078579. Both

    Angelo Mora Caruso Realty, LLC

    126 Altez St NE, Albuquerque, NM 87123

Why Live in South Los Altos

Part of Albuquerque's International District, South Los Altos is a small residential neighborhood undergoing positive change. As the city and local communities push to bring new life to the district's neighborhoods, residents see the homes and streets being transformed with renovation and care. "The International District is definitely experiencing some revitalization. It wasn't always the greatest in terms of crime, but it has its upsides," says Racquel Gurule, a Realtor with Keller Williams, who's lived in Albuquerque for 25 years. "Neighborhoods like South Los Altos have some of the city's most affordable housing, plus you're near the heart of the city and awesome restaurants." Narrow sidewalks run past pebbled lawns and fenced front yards, and sparse native New Mexico trees and cacti dot the landscape. Midcentury ranch-style homes and Pueblo Revival styles are most common in South Los Altos, typically selling for $200,000 to $280,000; the price depends largely on whether a property's been renovated. "The city has a first-time homebuyer program that encourages people to buy these older houses and fix them up, and in return, they'll help finance it. It really drops the

Home Trends in South Los Altos, NM

Housing Trends

Median Sale Price
$247,950
Median Single Family Sale Price
$246,000
Average Price Per Sq Ft
$196
Number of Homes for Sale
1
Last 12 months Home Sales
20
Months of Supply
0.60
Median List Price
$250,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
1%
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