511 Spruce St SE Albuquerque, NM 87106
Sycamore NeighborhoodEstimated payment $4,869/month
Highlights
- 0.31 Acre Lot
- Ductless Heating Or Cooling System
- Heating Available
- Monte Vista Elementary School Rated A-
- Tile Flooring
- 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 |
|---|---|---|---|---|
| 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 |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1105527
APN: 1-015-057-179-176-3-09-09
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