511 Spruce St SE Albuquerque, NM 87106
Sycamore NeighborhoodEstimated payment $4,977/month
Highlights
- 0.31 Acre Lot
- Tile Flooring
- Heating Available
- Monte Vista Elementary School Rated A-
- Evaporated cooling system
- 3-minute walk to Roosevelt Park
About This Home
Offered at $850,000 ($141,666/unit) with an attractive 7.28% acquisition cap rate, 511 Spruce St SE presents a rare opportunity to acquire a fully stabilized multifamily asset with proven in-place cash flow. The property is 100% occupied and features four fully furnished units, with five of the six units having undergone extensive renovations including new roofs, heating and cooling systems, exterior paint and stucco, appliances, flooring, and interior paint. A diverse unit mix supports broad tenant demand, while its long history of strong occupancy as furnished rentals is complemented by an exceptional location near UNM, Presbyterian Hospital, CNM, Kirtland Air Force Base, and Downtown Albuquerque.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,169
Year Built
- Built in 1936
Lot Details
- 13,504 Sq Ft Lot
Interior Spaces
- 3,749 Sq Ft Home
- Property has 1 Level
Kitchen
- Free-Standing Gas Range
- Microwave
- Dishwasher
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in Garage
- Washer and Dryer Hookup
Utilities
- Ductless Heating Or Cooling System
- Evaporated cooling system
- Heating Available
- Natural Gas Connected
Listing and Financial Details
- The owner pays for electricity, gas, sewer, trash collection, water
- Assessor Parcel Number 101505717917630909
Community Details
Overview
- 6 Units
- 3,749 Sq Ft Building
- Terrace Add Subdivision
Security
- Complex Is Fenced
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $3,169 | $77,239 | $27,872 | $49,367 |
| 2025 | $3,169 | $74,989 | $27,060 | $47,929 |
| 2024 | $3,072 | $72,805 | $26,272 | $46,533 |
| 2023 | $3,021 | $70,685 | $25,507 | $45,178 |
| 2022 | $2,919 | $68,626 | $24,764 | $43,862 |
| 2021 | $1,932 | $45,641 | $31,369 | $14,272 |
| 2020 | $1,901 | $44,311 | $30,455 | $13,856 |
| 2019 | $1,845 | $43,021 | $29,568 | $13,453 |
| 2018 | $1,779 | $43,021 | $29,568 | $13,453 |
| 2017 | $1,725 | $41,768 | $28,707 | $13,061 |
| 2016 | $1,675 | $39,371 | $27,060 | $12,311 |
| 2015 | $38,225 | $38,225 | $26,272 | $11,953 |
| 2014 | $1,576 | $37,112 | $25,507 | $11,605 |
| 2013 | -- | $36,031 | $24,764 | $11,267 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/15/2026 06/15/26 | For Sale | $850,000 | -- | $227 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | First American Title Ins Co | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,900,000 | New Conventional | |
| Closed | $1,080,000 | New Conventional | |
| Closed | $61,800 | Commercial | |
| Closed | $216,300 | Commercial |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1105527
APN: 1-015-057-179-176-3-09-09
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.
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.
- 1409,1407 Hazeldine Ave SE
- 1407,1409 Hazeldine Ave SE
- 1523 Silver Ave SE
- 1612 Gold Ave SE
- 514 High St SE
- 613 Iron Ave SE
- 615 Lead Ave SE
- 508 Walter St SE
- 520 Iron Ave SE
- 1920 Lead Ave SE
- 517 Coal Ave SE
- 1928 Gorman Ave SE
- 409 Ridge Place NE
- 415 Edith Blvd SE
- 509/511 High St SE
- 1105 Marquette Place NE
- 2104 Lead Ave SE
- 501 Mulberry St NE
- 2109 Gold Ave SE
- 824 Arno St SE
- 2110 Coal Place SE
- 1212 Lead Ave SE Unit 1212 Lead SE_Unit C
- 545 Cedar St SE Unit 13
- 545 Cedar St SE Unit 10
- 545 Cedar St SE Unit 9
- 516 Ash St SE Unit B
- 1622 Coal Ave SE Unit A (PG3000395)
- 1521 Gold Ave SE Unit House
- 1521 Gold Ave SE Unit 111 Ash Street
- 423 High St SE
- 1816 Lead Ave SE Unit 1
- 221 Maple St NE Unit 79
- 1516-1522 Tijeras Ave NE
- 423 Walter St SE
- 509 Walter St SE
- 1217-1223 Dr Martin Luther King jr Ave NE Unit 1221
- 208 High St NE Unit S
- 1216 High St SE
- 2113 Coal Ave SE Unit B
- 2121 Gold Ave SE
Ask me questions while you tour the home.