$790,000
$395K PRICE INCREASE

502 Utah St NE Albuquerque, NM 87108

Fairgrounds Neighborhood

Estimated payment $4,951/month

Total Views 2,267
2 Beds
1 Bath
5,600 Sq Ft
$141 Price per Sq Ft

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Ceiling Fan
  • Patio
  • Forced Air Heating System
  • Laundry Facilities

About This Home

Mesa Verde 8-plex featuring two solid four-unit buildings, each offering spacious 2-bedroom apartments in a high-demand rental area. Strong value-add potential through light updates and rent optimization. ***NO Owner Financing Available.******NO Private Showings - Tenant Occupied. Viewing the interior of the units is limited to the inspection period after an accepted offer.***Well-maintained and ideal for investors seeking stable, long-term cash flow while providing quality, affordable housing for the community. A proven location known for consistent occupancy and reliable performance--this property is ready to reward thoughtful ownership.

Listing Agent

Joshua Christensen

Realty One of New Mexico License #20522 Listed on: 10/21/2025

Realty One of New Mexico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,678

Year Built

  • Built in 1979

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 5,600 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan

Kitchen

  • Free-Standing Gas Range
  • Range Hood

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

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

Additional Features

  • Patio
  • 6,098 Sq Ft Lot

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 1-019-057-427-335-1-05-38

Community Details

Overview

  • 8 Units
  • 5,600 Sq Ft Building

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $23,738
  • Gross Income $99,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,678

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: Wyoming to Marquette, West on Marquette to Utah. South on Utah to propert on East side of street.
  • Year Built: 1979
  • Lot Size Acres: 0.14
  • Unit Levels: Two
  • New Construction: No
  • Special Features: None

Interior Features

  • Flooring: Tile, Vinyl
  • Appliances: Free-Standing Gas Range, Refrigerator, Range Hood
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Number Of Buildings: 2
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 5600.0

Exterior Features

  • Exterior Features: Patio
  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling, Ceiling Fan(s)
  • 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: Laundry Facilities, Patio

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 6098.0
  • Parcel #: 1-019-057-427-335-1-05-38
  • Zoning Description: R-ML*

Rental Info

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

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 99000.0
  • Annual Operating Expense: 23738.0

Tax Info

  • Tax Annual Amount: 9678.0

Map

Range of Values:

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Value Increase
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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 List to Sale Price per Sq Ft Prior Sale
11/03/2025 11/03/25 For Sale $395,000 0.0% $141 / Sq Ft
10/21/2025 10/21/25 For Sale $395,000 +119.4% $71 / Sq Ft
09/10/2018 09/10/18 Sold -- -- -- View Prior Sale
07/26/2018 07/26/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $180,000 -- $64 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

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

MLS Number: 1093294

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-057-427-335-1-05-38

New Mexico Bernalillo County Albuquerque 87108 Fairgrounds

502 Utah St NE, Albuquerque, NM

For Sale

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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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Joshua Christensen
Listing Agent
Joshua Christensen
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Realty One of New Mexico
(505) 393-6702