$453,550

530 Tennessee St NE Albuquerque, NM 87108

Fairgrounds Neighborhood

Estimated payment $2,807/month

Total Views 4,949
2 Beds
1 Bath
3,592 Sq Ft
$126 Price per Sq Ft

Highlights

  • Fireplace
  • CRI Green Label Plus Certified Carpet
  • 3-minute walk to The Mesa Verde Park and Community Center
  • Forced Air Heating System

About This Home

Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. A recently vacated unit is available for an owner-occupant and with an ask price of the current average rents of $1,050, and an ask price of $453,550 the measures of investment performance include a price per unit of $113,387, price per square foot of $126.27, a GRM of 9.00, an after reserves cap rate of 6.50%.If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 8.47%.The property is well located at 530 Tennessee NE and is close to grocery stores, Uptown, University area and so much more. The property is also across the street from the Mesa Verde park and the Community Center

Listing Agent

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 04/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,543

Year Built

  • Built in 1985

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,592 Sq Ft Home
  • Property has 2 Levels
  • Fireplace

Flooring

  • CRI Green Label Plus Certified Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 101905736137010331

Community Details

Overview

  • 3,592 Sq Ft Building
  • Mesa Verde Addition Subdivision

Building Details

  • Operating Expense $18,291
  • Gross Income $47,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,543

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Louisiana and Lomas, east to Tennessee, south to property.
  • Listing Contract Date: 2025-04-02
  • Year Built: 1985
  • Lot Size Acres: 0.16
  • Subdivision Name: Mesa Verde Addition
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Fireplace: Yes
  • Living Area: 3592.0
  • Stories: 2

Exterior Features

  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Brick, Brick Veneer, Frame, Stucco
  • Property Condition: Resale

Utilities

  • Heating: Central, Forced Air
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 6969.6
  • Parcel #: 101905736137010331
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 47880.0
  • Annual Operating Expense: 18291.0

Tax Info

  • Tax Annual Amount: 3542.82

Map

Range of Values:

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Average Value
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Sold Price
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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
07/19/2025 07/19/25 For Sale $816,000 +79.9% $114 / Sq Ft
04/27/2025 04/27/25 For Sale $453,550 0.0% $126 / Sq Ft
04/10/2025 04/10/25 Pending -- -- --
04/02/2025 04/02/25 For Sale $453,550 +81.4% $126 / Sq Ft
03/08/2021 03/08/21 Sold -- -- --
01/25/2021 01/25/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $250,000 -- $69 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

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

MLS Number: 1081214

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-057-361-370-1-03-31

New Mexico Bernalillo County Albuquerque 87108 Fairgrounds

530 Tennessee St NE, Albuquerque, NM

This home is located at 530 Tennessee St NE, Albuquerque, NM 87108 and is currently priced at $453,550, approximately $126 per square foot. This property was built in 1985. 530 Tennessee St NE is a home located in Bernalillo County with nearby schools including La Mesa Elementary School, Hayes 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.

Nearby Homes
Todd Clarke
Listing Agent
Todd Clarke
Section Image
NM Apartment Advisors, Inc.
(505) 578-0807