1030 Truman St SE Albuquerque, NM 87108
Parkland Hills NeighborhoodEstimated payment $8,663/month
Highlights
- 0.59 Acre Lot
- Landscaped
- Property has 1 Level
- Wood Flooring
- Forced Air Heating System
About This Home
The unit mix offers valuable diversity, with 3 two-bedroom/one-bathroom and 3 one-bedroom/one-bathroom units at 1030 Truman -- complete with private garages -- and an additional 3 units at 1040 Truman, including one 1-bedroom/1-bathroom and two 2-bedroom/1-bathroom apartments. The buildings are situated on spacious lots with mature landscaping, wrought iron security, and private courtyard areas that enhance curb appeal and resident livability.The projected gross income of $139,200 annually, adjusted for a 5% vacancy to $132,240, with estimated operating expenses of $37,361, yielding a pro forma NOI of $94,879. At the asking price of $1,500,000, the property offers a projected cap rate of 6.33% with a before-tax IRR of 17.41% .
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,387
Year Built
- Built in 1952
Lot Details
- 0.59 Acre Lot
- Landscaped
- Additional Parcels
Parking
- 10 Parking Spaces
Interior Spaces
- Property has 1 Level
Kitchen
- Built-In Gas Range
- Range Hood
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry in Garage
- Dryer
Utilities
- Forced Air Heating System
- Floor Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 101705651728310815, 101705651727210816
Community Details
Overview
- 2 Buildings
- 9 Units
Building Details
- Operating Expense $32,000
- Gross Income $140,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,790 | $116,946 | $39,079 | $77,867 |
| 2024 | $4,790 | $113,540 | $37,941 | $75,599 |
| 2023 | $4,711 | $110,233 | $36,836 | $73,397 |
| 2022 | $4,552 | $107,023 | $35,763 | $71,260 |
| 2021 | $2,962 | $69,959 | $26,472 | $43,487 |
| 2020 | $2,913 | $67,921 | $25,701 | $42,220 |
| 2019 | $2,828 | $65,944 | $24,953 | $40,991 |
| 2018 | $2,727 | $65,944 | $24,953 | $40,991 |
| 2017 | $2,643 | $64,023 | $24,226 | $39,797 |
| 2016 | $2,568 | $60,348 | $22,835 | $37,513 |
| 2015 | $58,590 | $58,590 | $22,170 | $36,420 |
| 2014 | $2,416 | $56,885 | $21,525 | $35,360 |
| 2013 | -- | $55,228 | $20,898 | $34,330 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $1,500,000 | -- | -- |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1094437
APN: 1-017-056-517-283-1-08-15
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