8

South San Pedro Multifamily Homes & Duplexes for Sale

Section Image
  • 530 Alvarado Dr SE, Albuquerque, NM 87108
    530 Alvarado Dr SE, Albuquerque, NM 87108
    530 Alvarado Dr SE, Albuquerque, NM 87108
    /25

    $479,000

    • 2 Beds
    • 1 Bath
    • 3,400 Sq Ft

    530 Alvarado Dr SE, Albuquerque, NM 87108

    Great opportunity to add to or start your portfolio with this income producing 4- plex built in 2011. All units are 2 bedroom, 1 full bath plus washer/dryer in each unit. Galley kitchens with gas stoves, dishwasher and breakfast nook. Even has refrigerated Air! All units are individually metered for gas and electric. Off street parking for each tenant. Close to public transportation,

    Liska Maddox Maddox & Co/REALTORS

    530 Alvarado Dr SE, Albuquerque, NM 87108
  • 516 Alvarado Dr SE, Albuquerque, NM 87108
    516 Alvarado Dr SE, Albuquerque, NM 87108
    516 Alvarado Dr SE, Albuquerque, NM 87108
    /17

    $205,000

    • 1 Bed
    • 1 Bath
    • 1,218 Sq Ft

    516 Alvarado Dr SE, Albuquerque, NM 87108

    Excellent duplex opportunity in the heart of Albuquerque! This property features two 1-bedroom, 1-bath units--perfect for investors, owner-occupants, or multigenerational living. Each unit offers a functional layout, fresh paint, and off-street parking. Located close to shopping, dining, public transit, and quick access to major roads. Live in one unit and rent the other, or add a solid asset to

    Jonathan Chambers The M Real Estate Group

    516 Alvarado Dr SE, Albuquerque, NM 87108
  • 528 Alvarado Dr SE, Albuquerque, NM 87108
    528 Alvarado Dr SE, Albuquerque, NM 87108
    528 Alvarado Dr SE, Albuquerque, NM 87108
    /6

    $485,000

    • 2 Beds
    • 1 Bath
    • 3,400 Sq Ft

    528 Alvarado Dr SE, Albuquerque, NM 87108

    Solid , newer 4 plex Property located in established neighborhood. Close to the International District, Medical, Grocery, Public Transportation, Airport and the VA Hospital. All units metered separately. One of the youngest properties in the area. Individually metered. Landlord pays water, trash and sewer. Recent refreshed stucco

    Janis Fensterer Realty One of New Mexico

    528 Alvarado Dr SE, Albuquerque, NM 87108
  • 428 Georgia St SE, Albuquerque, NM 87108
    428 Georgia St SE, Albuquerque, NM 87108
    428 Georgia St SE, Albuquerque, NM 87108
    /3

    $365,000

    • 2 Beds
    • 1 Bath
    • 3,200 Sq Ft

    428 Georgia St SE, Albuquerque, NM 87108

    Don't miss this excellent investment opportunity in Southeast Albuquerque! This single-level, brick 4-unit multi-family property offers a reliable source of rental income with all units featuring 2-bedroom, 1-bath layouts. The building is separately metered for gas and electric, providing tenants with individual utility responsibility and making it an even more attractive investment.Each unit is

    Angelo Mora Caruso Realty, LLC

    428 Georgia St SE, Albuquerque, NM 87108
  • 424 Georgia St SE, Albuquerque, NM 87108
    424 Georgia St SE, Albuquerque, NM 87108
    424 Georgia St SE, Albuquerque, NM 87108
    /5

    $365,000

    • 2 Beds
    • 1 Bath
    • 3,200 Sq Ft

    424 Georgia St SE, Albuquerque, NM 87108

    Take advantage of this fantastic investment opportunity with this well-maintained, single-level brick 4-unit multi-family property located in the heart of Southeast Albuquerque. Each of the 2-bedroom, 1-bath units is separately metered for gas and electricity, ensuring tenants have control over their utility costs while offering added value to this income-producing property.The property shares a

    Angelo Mora Caruso Realty, LLC

    424 Georgia St SE, Albuquerque, NM 87108
  • 1100 Palomas Dr SE, Albuquerque, NM 87108
    1100 Palomas Dr SE, Albuquerque, NM 87108
    1100 Palomas Dr SE, Albuquerque, NM 87108
    /22

    $963,138

    • 2 Beds
    • 1 Bath
    • 7,720 Sq Ft

    1100 Palomas Dr SE, Albuquerque, NM 87108

    Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which recently moved into its new office building a few blocks away.Measures of investment performance at ask price of $963,138 and current average rent of $917 are a GRM of 8.75, a 5.98% cap rate, $96,314 per unit, $128.42/sf. Rents have increased 13.7% in the last

    Todd Clarke NM Apartment Advisors, Inc.

    1100 Palomas Dr SE, Albuquerque, NM 87108
  • 110 Indiana St SE Unit 1-7, Albuquerque, NM 87108
    110 Indiana St SE Unit 1-7, Albuquerque, NM 87108
    /2

    $520,000

    • 1 Bed
    • 2 Baths
    • 2,400 Sq Ft

    110 Indiana St SE Unit 1-7, Albuquerque, NM 87108

    High-Yield Investment Opportunity - 8.229% CAP Rate | Owner Financing AvailableDiscover a unique income-generating property offering immediate cash flow and multiple revenue streams--all on one lot! This exceptional investment features:Updated DuplexUnit 1: 1 Bedroom, 1.5 Baths, walk-in closet, and 2 charming fireplacesUnit 2: 3 Bedrooms, 2 BathsOwned Mobile Home - Included in the saleFour

    Molly Miller Keller Williams Realty

    110 Indiana St SE Unit 1-7, Albuquerque, NM 87108
  • 445 California St SE, Albuquerque, NM 87108
    445 California St SE, Albuquerque, NM 87108
    /2

    $285,000

    • 2 Beds
    • 1 Bath
    • 2,000 Sq Ft

    445 California St SE, Albuquerque, NM 87108

    Exceptional property, a duplex with great potential, perfect for the Owner Occupant needing separate Mother-in-law quarters or live in one rent the other one to help with the mortgage payment.

    Sandra Rodriguez International Brokerage

    445 California St SE, Albuquerque, NM 87108
New Mexico Albuquerque South San Pedro

Multi-Family Homes & Duplexes for Sale in South San Pedro, Albuquerque

Why Live in South San Pedro
Located 7 miles east of downtown Albuquerque, South San Pedro is a diverse neighborhood that takes pride in uplifting the community. “We try to engage with everyone from all sides and spaces,” says Tawnya Mullen, a South San Pedro Neighborhood Association co-chair who has called this area home her entire life. Situated within the city’s International District, the neighborhood is close to markets and restaurants representing world cuisines and is close to Uptown shopping. Residents also value the neighborhood association, which spearheads projects like converting alleyways into backyard parks. “We are big on community building," Mullen says, "We are all neighbors at the end of the day." Tight, gridded streets form South San Pedro’s residential landscape. Ranch-style homes built during the mid-to-late 20th century make up less than half the housing stock. Many come with geometric designs and stucco exteriors typical of the Pueblo Revival style. These range in price from $150,000 to $315,000, depending on size and condition. Condos fill the rest of the area and tend to range in price from $80,000 to $140,000. Multifamily properties and apartment complexes cater to the neighborhood's
Learn more about living in South San Pedro

Home Trends in South San Pedro, NM

On average, homes in South San Pedro, Albuquerque sell after 35 days on the market compared to the national average of 51 days. The median sale price for homes in South San Pedro, Albuquerque over the last 12 months is $225,000, down 5% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$225,000
Median Single Family Sale Price
$239,000
Median 2 Bedroom Sale Price
$83,500
Median 1 Bedroom Sale Price
$78,500
Average Price Per Sq Ft
$186
Number of Homes for Sale
13
Last 12 months Home Sales
46
Months of Supply
3.40
Median List Price
$239,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-5%
How to Buy a Home How to Finance a Home How to Sell a Home

In South San Pedro, there are currently 8 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $205,000 to $963,138, there's something for every budget. As of July, 2025 the median home price in South San Pedro, Albuquerque is $239,000, while the average sale price is $218,410, providing insight into local market trends. On average, multi-family homes spend 35 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in South San Pedro, Albuquerque.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group