$385,000

Estimated payment $2,285/month

2 Beds
1 Bath
2,912 Sq Ft
$132 Price per Sq Ft

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Wall Furnace
  • Albuquerque High School Rated A-
  • Landscaped
  • Property has 1 Level

About This Home

Income-producing fourplex in a desirable SE Albuquerque location. The property features four (4) units, each offering a 2-bedroom, 1-bathroom layout with approximately 675 SF. Current rents provide room for growth, offering upside potential for investors. Tenants place electric and gas in their own names, and water is bill-backed at $40 per unit, helping control operating expenses. Additional highlights include off-street parking and a consistent unit mix that is easy to operate. Ideal opportunity for an investor seeking stable in-place income with future upside.

Listing Agent

Nick Chavez

Rhino Realty Property Mgmt LLC License #REC20230594 Listed on: 02/14/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,435

Year Built

  • Built in 1963

Lot Details

  • 8,102 Sq Ft Lot
  • Landscaped

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2,912 Sq Ft Home
  • Property has 1 Level
  • Cooktop with Range Hood

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Net Metering or Smart Meter
  • Natural Gas Connected

Community Details

  • 2,912 Sq Ft Building
  • Of E M Roney S Subd Subdivision

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 101605644505740413

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,435

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Interstate 25, take the Gibson Blvd SE exit and head east on Gibson Blvd SE. Continue on Gibson Blvd SE for about 2 miles, then turn left (north) onto Amherst Dr SE. Drive north for a short distance, then turn left (west) onto Eastern Ave SE. Property will be on your left hand side.
  • Year Built: 1963
  • Lot Size Acres: 0.19
  • Subdivision Name: Of E M Roney S Subd
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Cooktop, Range Hood
  • Stories: 1
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Total Bedrooms: 2
  • Living Area: 2912.0

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Evaporative Cooling
  • Electric: Net Meter
  • Heating: Wall Furnace
  • Utilities: 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: 8102.0
  • Parcel #: 101605644505740413
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Electricity, Gas, Water
  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3434.96

Map

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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
2025 $3,435 $81,293 $11,672 $69,621
2024 $3,330 $78,925 $11,332 $67,593
2023 $3,373 $78,925 $11,332 $67,593
2022 $3,357 $78,925 $11,332 $67,593
2021 $2,727 $64,403 $11,672 $52,731
2020 $2,682 $62,527 $11,332 $51,195
2019 $2,710 $63,193 $11,332 $51,861
2018 $2,249 $63,193 $11,332 $51,861
2017 $2,268 $52,795 $11,332 $41,463
2016 $2,269 $53,328 $11,332 $41,996
2015 $53,861 $53,861 $11,332 $42,529
2014 $2,287 $53,861 $11,332 $42,529
2013 -- $70,181 $12,382 $57,799
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2026 02/14/26 For Sale $385,000 +102.6% $132 / Sq Ft
03/30/2018 03/30/18 Sold -- -- -- View Prior Sale
03/13/2018 03/13/18 Pending -- -- --
01/22/2018 01/22/18 For Sale $190,000 -- $70 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

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

MLS Number: 1098361

Southwest MLS (Greater Albuquerque Association of REALTORS®)