2702 Morrow Rd NE Albuquerque, NM 87106
North Campus NeighborhoodEstimated payment $5,718/month
Total Views
154,069
6
Beds
7
Baths
2,837
Sq Ft
$352
Price per Sq Ft
Highlights
- Very Popular Property
- Wood Flooring
- Covered Patio or Porch
- Jefferson Middle School Rated A-
- Separate Formal Living Room
- 1-minute walk to Netherwood Park
About This Home
''House of Modern,'' is a beautifully designed home that can be used as a single family house, but also comes with an incredible business opportunity. $178k in gross income, over $122k net and an unheard of 11.25% cap rate. Live in the front with a truly custom kitchen, formal dining (easily transformed into a bedroom with a retractable wooden wall), and a primary bedroom suite. The property currently features 5 highly profitable furnished Short Term Rentals (STRs). The spa-like suites boast dedicated parking, private entrances, outdoor spaces, and an attention to decor and features resulting in many repeat clients. Create a 6th suite out of the primary - and to use the entire property for investment - easily use the front living space as a one bedroom suite for a total of seven space
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,245
Year Built
- Built in 1952
Lot Details
- 10,019 Sq Ft Lot
- North Facing Home
- Private Entrance
- Privacy Fence
- Zoning described as R-1D*
Home Design
- Combination Foundation
- Frame Construction
- Pitched Roof
- Metal Roof
- Stucco
Interior Spaces
- 2,837 Sq Ft Home
- Property has 1 Level
- Wood Burning Fireplace
- Double Pane Windows
- Vinyl Clad Windows
- Insulated Windows
- Separate Formal Living Room
- Breakfast Bar
- Electric Dryer Hookup
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Shower Only
- Separate Shower
Outdoor Features
- Covered Patio or Porch
- Covered Courtyard
- Fire Pit
- Shed
Schools
- Montezuma Elementary School
- Jefferson Middle School
- Albuquerque High School
Utilities
- Ductless Heating Or Cooling System
- Refrigerated Cooling System
- Multiple Heating Units
- Natural Gas Connected
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 101605918501530801
Map
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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 |
|---|---|---|---|---|
| 2024 | $5,245 | $126,327 | $18,623 | $107,704 |
| 2023 | $3,974 | $95,006 | $18,081 | $76,925 |
| 2022 | $3,838 | $92,239 | $17,555 | $74,684 |
| 2021 | $3,707 | $89,552 | $17,043 | $72,509 |
| 2020 | $3,596 | $85,825 | $16,547 | $69,278 |
| 2019 | $3,573 | $83,325 | $16,065 | $67,260 |
| 2018 | $3,550 | $83,325 | $16,065 | $67,260 |
| 2017 | $2,491 | $83,325 | $16,065 | $67,260 |
| 2016 | $2,417 | $58,819 | $17,555 | $41,264 |
| 2015 | $57,105 | $57,105 | $17,043 | $40,062 |
| 2014 | $2,269 | $55,443 | $16,547 | $38,896 |
| 2013 | -- | $53,828 | $16,065 | $37,763 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | Price Changed | $1,000,000 | -16.7% | $352 / Sq Ft |
| 08/01/2025 08/01/25 | For Sale | $1,200,000 | +445.5% | $423 / Sq Ft |
| 05/18/2017 05/18/17 | Sold | -- | -- | -- |
| 04/26/2017 04/26/17 | Pending | -- | -- | -- |
| 04/19/2017 04/19/17 | For Sale | $220,000 | 0.0% | $137 / Sq Ft |
| 11/12/2012 11/12/12 | Sold | -- | -- | -- |
| 10/30/2012 10/30/12 | Pending | -- | -- | -- |
| 07/06/2012 07/06/12 | For Sale | $220,000 | -- | $137 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Fidelity Natl Title Ins Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $80,000 | Credit Line Revolving | |
| Open | $197,600 | New Conventional | |
| Previous Owner | $98,100 | Unknown |
Source: Public Records
About the Listing Agent
Owner and Qualifying Broker of Talia Freedman and Co. Real Estate, Talia works in both residential and commercial sales working with home owner and investor alike.
Talia's Other Listings
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1088936
APN: 1-016-059-185015-3-08-01
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