$515,000

1203, 1207 Barelas Rd SW Albuquerque, NM 87105

Barelas Neighborhood

Estimated payment $3,086/month

Total Views 70
1 Bed
1 Bath
2,416 Sq Ft
$213 Price per Sq Ft

Highlights

  • 0.27 Acre Lot
  • Ductless Heating Or Cooling System
  • Landscaped
  • Albuquerque High School Rated A-
  • Tile Flooring
  • 1-minute walk to Eddie Garcia Park

About This Home

Excellent income-producing 4plex in Albuquerque's vibrant and walkable Barelas neighborhood! This unique property includes a well-kept triplex plus a detached casita, each unit offering off-street parking and private yard space. One unit fully renovated in 2025 with modern finishes and new mini-splits and available for showings. Located just steps from the zoo, parks, and the Barelas Community Center with its free amenities. Units are under-rented, providing immediate value-add potential. Ideal for owner-occupants--live in one unit and let the other three pay the mortgage with low-down financing options available.

Last Listed By

Tim Nisly

Realty One of New Mexico License #53885 Listed on: 06/05/2025

Realty One of New Mexico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,476

Year Built

  • Built in 1930

Lot Details

  • 0.27 Acre Lot
  • Landscaped

Home Design

  • Quadruplex
  • Frame Construction
  • Adobe

Interior Spaces

  • 2,416 Sq Ft Home
  • Property has 1 Level
  • Microwave

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Ductless Heating Or Cooling System
  • Evaporated cooling system
  • Window Unit Cooling System
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 4 Units
  • 2,416 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 101405703304130430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,476

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From I-25 and Lead, go west on Lead to 4th St. South on 4th St to Cromwell, west on Cromwell to Barelas Rd, then south on Barelas Rd to property.
  • Listing Contract Date: 2025-06-04
  • Year Built: 1930
  • Lot Size Acres: 0.27
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Stories: 1
  • Number Of Buildings: 2
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 2416.0

Exterior Features

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

Utilities

  • Cooling: Ductless, Evaporative Cooling, Varies by Unit, Window Unit(s)
  • Heating: Ductless, Wall Furnace
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 11759.0
  • Parcel #: 101405703304130430
  • Zoning Description: R-T*

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2476.36

Map

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

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
2024 $1,946 $40,325 $5,326 $34,999
2023 $1,911 $39,151 $5,171 $33,980
2022 $1,809 $38,011 $5,021 $32,990
2021 $1,750 $36,905 $4,875 $32,030
2020 $1,719 $35,830 $4,733 $31,097
2019 $1,931 $40,263 $4,733 $35,530
2018 $1,919 $40,263 $4,733 $35,530
2017 $1,907 $40,263 $4,733 $35,530
2016 $1,361 $28,873 $5,626 $23,247
2015 $28,033 $28,033 $5,463 $22,570
2014 $2,677 $27,217 $5,304 $21,913
2013 -- $26,424 $5,149 $21,275
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 For Sale $515,000 -- $213 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- First American Title Insurance
Warranty Deed -- Us Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $150,000 Purchase Money Mortgage
Source: Public Records

Similar Homes in Albuquerque, NM

  • 834 Griegos Rd NW, Albuquerque, NM 87107

    $629,000

    • 2 Beds
    • 2 Baths
    • 5,080 Sq Ft
    • 834 Griegos Rd NW
    • Albuquerque, NM

    Welcome to 834 Griegos NW, a unique five-unit compound-style property in Albuquerque's desirable North Valley. This mixed-use investment includes three residential units and two commercial spaces. Built in 1924 (per assessor records), local history suggests part of the building once served as a tack house. One commercial tenant has been in place for over 20 years, providing stability. Situated on

    Christopher Cruz Keller Williams Realty

    Section Image
  • 1100 10th St SW, Albuquerque, NM 87102

    $395,000

    • 2 Beds
    • 1 Bath
    • 1100 10th St SW
    • Albuquerque, NM

    Investment opportunity in an up-and-coming neighborhood just minutes from the zoo, downtown, and city hotspots! This income-producing duplex offers two spacious 2-bedroom, 1-bath units--perfect for long-term tenants or short-term rental potential. Situated on a generous lot with room to expand or create outdoor living spaces, this property has long-term upside. Don't miss your chance to own a

    RYAN GUTIERREZ Realty One of New Mexico

    Section Image
  • 902 Coal Ave SW, Albuquerque, NM 87102

    $409,000

    • 3 Beds
    • 2 Baths
    • 1,165 Sq Ft
    • 902 Coal Ave SW
    • Albuquerque, NM

    Charming multi-family property perfect for investors or multi-gen living. Remodeled and fully furnished, this turnkey-ready gem includes a spacious 3BR/1.5BA unit and a cozy 1BR/1BA unit--both move-in ready! Great rental or short-term income potential near downtown ABQ. Live in one unit and rent the other, or maximize returns with both. Owner financing available with substantial down payment,

    Vinette Graham Coldwell Banker Legacy

    Section Image
  • 607 Pacific Ave SE Unit A, Albuquerque, NM 87102

    $435,000

    • 3 Beds
    • 2 Baths
    • 607 Pacific Ave SE
    • Unit A
    • Albuquerque, NM

    Value add opportunity! There are four detached units on one parcel. 607, 609, 611 Pacific Ave SE and 820 Walter St SE. You can lot split, raise rents to market, split 607 into 2 units, or live in 607 and let the rentals pay your mortgage. 607 unit received a new water heater, swamp cooler, and windows in 2024. The whole unit has fresh stucco as of 2023. 611 has a new TPO roof in the flat section

    Nick Chavez Rhino Realty Property Mgmt LLC

    Section Image
  • 1003 6th St NW, Albuquerque, NM 87102

    $580,000

    • 1 Bed
    • 1 Bath
    • 2,450 Sq Ft
    • 1003 6th St NW
    • Albuquerque, NM

    Well maintained 4-units on tree-lined 1-way street in historic Wells Park neighborhood, all with 40-50's era features and ambiance. Long-time owner with long time tenants, all on month to month leases. Four 1/1's, all under market at $550-775/mo. Avg 1 BR rent Downtown = $1,112. Detached 2-car garage w/ car port and off street parking for 10+. One vacant unit is similar floorplan/condition to

    Mark Boitano RE/MAX SELECT

    Section Image
  • 1017 6th St NW, Albuquerque, NM 87102

    $580,000

    • 2 Beds
    • 1 Bath
    • 2,594 Sq Ft
    • 1017 6th St NW
    • Albuquerque, NM

    Well maintained 4-units on tree-lined 1-way street in historic Wells Park neighborhood, all with 40-50's era features and ambiance. Long-time owner with long time tenants, all on month to month leases. Two 2/1's (1017, 1019), all under market at $660-800/mo. Avg 2 BR rent Downtown = $1,400. Two 1/1's (1021A, 1021B) at $510-$550. Avg 1 BR rent over 1K. 2 BR units have side patio and rear yard. Off

    Mark Boitano RE/MAX SELECT

    Section Image
  • 121 Terrace St SE, Albuquerque, NM 87106

    $545,000

    • 1 Bed
    • 1 Bath
    • 3,450 Sq Ft
    • 121 Terrace St SE
    • Albuquerque, NM

    Prime UNM location! Silver Hills neighborhood. 2 buildings - 121 Terrace - Four - 1 bedroom 1 bath units. 500SF each. Wall heater and window units for cooling.Each rented for $800/month. Current lease agreements. 117 & 119 Terrace is separate duplex. Both units are 1 bedroom 1 bath unit with screened front porches. Hardwood floors. Living room, dining room, full bath of bedroom and each unit has

    Katherine Carpenter Maddox & Co/REALTORS

    Section Image
See All Homes in Albuquerque

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

MLS Number: 1085330

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-057-033041-3-04-30

New Mexico Bernalillo County Albuquerque 87102 Barelas

1203, 1207 Barelas Rd SW, Albuquerque, NM

This home is located at 1203, 1207 Barelas Rd SW, Albuquerque, NM 87105 and is currently priced at $515,000, approximately $213 per square foot. This property was built in 1930. 1203, 1207 Barelas Rd SW is a home located in Bernalillo County with nearby schools including Dolores Gonzales Elementary School, Washington Middle School, and Albuquerque 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
Listing Agent
Tim Nisly
Section Image
Realty One of New Mexico
(505) 560-2089