$360,000
$40K PRICE DROP

127 Garcia St NE Albuquerque, NM 87123

South Los Altos Neighborhood

Estimated payment $2,040/month

Total Views 4,502
2 Beds
1 Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Evaporated cooling system
  • Forced Air Heating System
  • Community Storage Space

About This Home

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 properties provide a combined cap rate of 8.14%. A strategic investment bundle in a strong rental market.Please see attached APOD's

Listing Agent

Angelo Mora

Caruso Realty, LLC License #REC20230254 Listed on: 02/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,459

Year Built

  • Built in 1977

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Quadruplex

Interior Spaces

  • Property has 2 Levels
  • Free-Standing Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 4 Units
  • Community Storage Space

Listing and Financial Details

  • Assessor Parcel Number 102005735704640319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,459

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: East on Central, North on Garcia
  • Listing Contract Date: 2025-01-24
  • Year Built: 1977
  • Lot Size Acres: 0.19
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: See Remarks
  • Appliances: Free-Standing Electric Range, Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Storage Facilities

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 102005735704640319
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1459.34

Map

Range of Values:

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Average Value
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List Price
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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
06/12/2025 06/12/25 Price Changed $360,000 -4.0% --
03/20/2025 03/20/25 Price Changed $375,000 -6.3% --
02/19/2025 02/19/25 For Sale $400,000 -- --
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

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

MLS Number: 1078579

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-020-057-357-046-4-03-19

New Mexico Bernalillo County Albuquerque 87123 South Los Altos

127 Garcia St NE, Albuquerque, NM

This home is located at 127 Garcia St NE, Albuquerque, NM 87123 and is currently priced at $360,000. This property was built in 1977. 127 Garcia St NE is a home located in Bernalillo County with nearby schools including Hawthorne Elementary School, Hayes 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.

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Listing Agent
Angelo Mora
Section Image
Caruso Realty, LLC
(505) 636-5592