$495,000
SOLD MAR 5, 2020
Last list price

1027 Truman St SE Albuquerque, NM 87108

Parkland Hills Neighborhood
1 Bed
1 Bath
5,570 Sq Ft
0.3 Acres

Recently Sold

$89 Per Sq Ft

59 Days on Market

Highlights

  • 0.3 Acre Lot
  • CRI Green Label Plus Certified Carpet
  • Property has 1 Level
  • Evaporated cooling system
  • Wall Furnace

About This Home

As of January 2025

'Under Contract Taking Backup Offers' 10 units is desirable rental area! This income producing property brings in 5180 in monthly gross income. All clean one bedroom units. Corner units are slightly larger in size. Electrical main has been upgraded recently and fully to code. Shared courtyard, off the street parking and storage for the owner, this property has everything you need to start making money.

Last Agent to Sell the Property

Michael Matias

Three Sons Property Mgmt. License #48522 Listed on: 11/10/2019

Last Buyer's Agent

John Woods

PS Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,490

Year Built

  • Built in 1955

Lot Details

  • 0.3 Acre Lot

Home Design

  • Frame Construction

Interior Spaces

  • 5,570 Sq Ft Home
  • Property has 1 Level
  • Free-Standing Gas Range

Flooring

  • CRI Green Label Plus Certified Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 101705649929010704

Community Details

Building Details

  • Operating Expense $19,500
  • Gross Income $62,160

Additional Features

  • 5,570 Sq Ft Building
  • Complex Is Fenced

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,490

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From San Mateo & Zuni, South on San Mateo to Kathryn, West 1 block to Truman, North to property on West side of street.
  • Listing Contract Date: 2019-11-10
  • Year Built: 1955
  • Lot Size Acres: 0.3
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 61 - 70
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Gas Range, Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 5570.0

Exterior Features

  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Electric: 200+ Amp Service
  • Heating: Wall Furnace
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Security: Complex Fenced
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 13111.56
  • Parcel #: 101705649929010704
  • Zoning Description: R-3

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 62160.0
  • Annual Operating Expense: 19500.0

Tax Info

  • Tax Annual Amount: 3489.88

Similar Homes in Albuquerque, NM

  • 420 Columbia Dr SE, Albuquerque, NM 87106

    $575,000

    • 2 Beds
    • 1 Bath
    • 3,765 Sq Ft
    • 420 Columbia Dr SE
    • Albuquerque, NM

    Great opportunity on this 5 unit property in a fantastic UNM neighborhood. This property features a vintage 1940's home as the main house which has 2 bedrooms and 1 bath, along with a cozy casita in the rear (1 bed 1 bath). There are an additional 3 units in the rear, each one offering 1 bed & 1 bath with a private parking space. This is a great income producing property in a Prime UNM

    The Schuster Team Keller Williams Realty

    Section Image
  • 1202 Truman St SE, Albuquerque, NM 87108

    $400,000

    • 2 Beds
    • 1 Bath
    • 1,639 Sq Ft
    • 1202 Truman St SE
    • Albuquerque, NM

    : Welcome Home!! This nicely updated single-story is a charmer! Updated kitchen with new cabinets, countertops and stainless-steel appliances!! Refrigerated air! Refinished original wood floors and fresh paint throughout! Updated bathrooms! Also, a separate area that can be used as an income producing unit!! It is a must see!!

    Sean Kesani Coldwell Banker Legacy

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

    $479,000

    • 2 Beds
    • 1 Bath
    • 3,400 Sq Ft
    • 530 Alvarado Dr SE
    • Albuquerque, NM

    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

    Section Image
  • 528 Alvarado Dr SE, Albuquerque, NM 87108

    $485,000

    • 2 Beds
    • 1 Bath
    • 3,400 Sq Ft
    • 528 Alvarado Dr SE
    • Albuquerque, NM

    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

    Section Image
  • 3537 Ross Ave SE, Albuquerque, NM 87106

    $595,000

    • 2 Beds
    • 1 Bath
    • 1,783 Sq Ft
    • 3537 Ross Ave SE
    • Albuquerque, NM

    Corner lot duplex with quick access to Kirtland AFB, Sunport, and I-25. Owner has been renovating both units, one unit is currently occupied and the other needs to be renovated. Units have all NEW Plumbing w/Green Tags. Units have NEW Load Centers and Wiring. Granite Counters and Ceramic Tile adorn the kitchen and bath. Baths have Kohler Tubs. Recessed lighting in living and kitchen areas.

    Leslie Miller Rita Loy Real Estate

    Section Image
  • 525 Kentucky St SE, Albuquerque, NM 87108

    $380,000

    • 1 Bed
    • 1 Bath
    • 525 Kentucky St SE
    • Albuquerque, NM

    Exceptional 4-Unit multifamily investment opportunity in the South San Pedro Neighborhood. Each unit is a spacious one bed one bath with a front patio. Property showcases a well maintained landscaped courtyard area with lots of trees and bushes to provide tenants with a fresh outdoor experience. There is also off street parking with enough spaces for each tenant. Owner also owns 521 Kentucky and

    Nick Chavez Rhino Realty Property Mgmt LLC

    Section Image
  • 644 Louisiana Blvd SE, Albuquerque, NM 87108

    $593,000

    • 1 Bed
    • 1 Bath
    • 3,411 Sq Ft
    • 644 Louisiana Blvd SE
    • Albuquerque, NM

    DO NOT DISTURB TENANTS.Shown by appointment ONLY and will only be shown with accepted deal.8.00% CAP RATE ON NOI. See broker for financial information.Fully Leased! Recently Remodeled! This Property has been recently remodeled with a number of improvements including new roofs, stucco, windows, doors.Landscaping, paving, and gravel driveway is all new.The units have kitchen remodels including

    Alfredo Barrenechea Absolute Investment Realty

    Section Image
  • 3418 Smith Ave SE, Albuquerque, NM 87106

    $400,000

    • 2 Beds
    • 1 Bath
    • 2,247 Sq Ft
    • 3418 Smith Ave SE
    • Albuquerque, NM

    All units are clean and well maintained. Lot's of updates and repairs in 2024 to improve condition of overall units. Presently all units are rented to a corporate entity and they pay elec and gas. Additional parking space could be available between garages if fence is down.

    Ronald Campbell Campbell & Campbell Real Estat

    Section Image
  • 3444 Eastern Ave SE, Albuquerque, NM 87106

    $523,491

    • 2 Beds
    • 1 Bath
    • 2,300 Sq Ft
    • 3444 Eastern Ave SE
    • Albuquerque, NM

    The property has been positioned to partner with the newly announced Touro College Dental school to provide corporate housing for its interns and students. The potential exists to furnish the units and pursue a long term partnership with the dental school.All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and

    Todd Clarke NM Apartment Advisors, Inc.

    Section Image
See All Homes in Albuquerque

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold -- -- --
12/07/2024 12/07/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $923,759 0.0% $168 / Sq Ft
09/01/2024 09/01/24 Pending -- -- --
06/23/2024 06/23/24 For Sale $923,759 +86.6% $168 / Sq Ft
03/05/2020 03/05/20 Sold -- -- --
01/09/2020 01/09/20 For Sale $495,000 0.0% $89 / Sq Ft
01/08/2020 01/08/20 Pending -- -- --
12/31/2019 12/31/19 Off Market -- -- --
12/07/2019 12/07/19 For Sale $495,000 0.0% $89 / Sq Ft
11/19/2019 11/19/19 Pending -- -- --
11/10/2019 11/10/19 For Sale $495,000 +116.2% $89 / Sq Ft
06/17/2016 06/17/16 Sold -- -- --
04/25/2016 04/25/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $229,000 -- $41 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2025

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    3 in this area

    228 Total Sales

    Todd Clarke
    Section Image

  • K

    Seller Co-Listing Agent in 2025

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    5 in this area

    172 Total Sales

    Kyle Deacon
    Section Image

  • M

    Seller's Agent in 2020

    Michael Matias

    Three Sons Property Mgmt.

    (505) 302-0211

    17 Total Sales

    Michael Matias
    Section Image

  • J

    Buyer's Agent in 2020

    John Woods

    PS Properties

  • P

    Buyer Co-Listing Agent in 2020

    PHOCUS Team

    PS Properties

  • Barbara Gregus

    Seller's Agent in 2016

    Barbara Gregus

    Consumer Advantage RE Services

    (505) 321-1583

    158 Total Sales

    Barbara Gregus
    Section Image
See All Agents

Map

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 957573

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-017-056-499-290-1-07-04

New Mexico Bernalillo County Albuquerque 87108 Parkland Hills

1027 Truman St SE, Albuquerque, NM

This home is located at 1027 Truman St SE, Albuquerque, NM 87108 and is currently priced at $495,000, approximately $88 per square foot. This property was built in 1955. 1027 Truman St SE is a home located in Bernalillo County with nearby schools including Whittier Elementary School, Wilson Middle School, and Highland High School.

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.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes