$162,500
SOLD JUN 14, 2021
Last list price

408 Pennsylvania St SE Albuquerque, NM 87108

Trumbull Village Neighborhood
1 Bed
1 Bath
1,688 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$96 Per Sq Ft

14 Days on Market

Highlights

  • Evaporated cooling system
  • Baseboard Heating
  • 2-minute walk to Trumbull Park
  • Landscaped
  • Property has 1 Level

About This Home

As of June 2021

Tthis brick courtyard triplex with garage near Ta-Lin International market, Expo NM and KAFB. Located at 408 Pennsylvania SE and across the street of the Trumbull area community center and park.The property contains 2 one bedroom units, and a studio unit + a detached garage. The owner has installed a new roof (2012) and sewer/plumbing lines (2011).Offered at the $162,500 and an average rent of $498 the measure of investment performance include a GRM of 9.53, a CAP rate of 5.85% (before reserves), a price per unit of $54,167 a price per square foot of $96.27 an after-tax IRR of 16.60%.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 04/19/2021

Last Buyer's Agent

Preciliano Ortiz

RE/MAX SELECT

RE/MAX SELECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,083

Year Built

  • Built in 1948

Lot Details

  • Landscaped
  • Additional Parcels

Home Design

  • Triplex
  • Frame Construction

Interior Spaces

  • 1,688 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 101905628444611114

Community Details

Overview

  • 1,688 Sq Ft Building
  • Casa Serenas Addition Subdivision

Building Details

  • Operating Expense $8,291
  • Gross Income $17,043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,083

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: From I-40 and Louisiana, South Louisiana - east to Pennsylvania, south to property.
  • Listing Contract Date: 2021-04-19
  • Year Built: 1948
  • Subdivision Name: Casa Serenas Addition
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 71 - 80
  • Property Sub Type Additional: Triplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: See Remarks
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 1688.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Baseboard, Electric, Wall Furnace
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Additional Parcels: Yes
  • Parcel #: 101905628444611114
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 17043.0
  • Annual Operating Expense: 8291.0

Tax Info

  • Tax Annual Amount: 1082.9

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Range of Values:

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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
07/28/2025 07/28/25 For Sale $245,000 +50.8% $145 / Sq Ft
06/14/2021 06/14/21 Sold -- -- --
05/03/2021 05/03/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $162,500 -- $96 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sarah Rich

    Seller's Agent in 2025

    Sarah Rich

    GDR Property Solutions, LLC

    (505) 883-7070

    23 Total Sales

    Section Image
  • Todd Clarke

    Seller's Agent in 2021

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    10 in this area

    224 Total Sales

    Section Image

  • P

    Buyer's Agent in 2021

    Preciliano Ortiz

    RE/MAX

    Section Image
See All Agents

Map

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

MLS Number: 990021

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-056-284-446-1-11-14

New Mexico Bernalillo County Albuquerque 87108 Trumbull Village

408 Pennsylvania St SE, Albuquerque, NM

This home is located at 408 Pennsylvania St SE, Albuquerque, NM 87108 and is currently priced at $162,500, approximately $96 per square foot. This property was built in 1948. 408 Pennsylvania St SE is a home located in Bernalillo County with nearby schools including Wherry Elementary School, Van Buren 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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