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503 7th Street SW Albuquerque, NM $ 899,000
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$ 899,000 Get more info
503 7th Street SW
$ 899,000
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Share Save

503 7th Street SW

Albuquerque, NM, 87102
$ 899,000
Bedrooms2 Baths1.0 Sq 3,729

Monthly Estimate*

$ 6,280

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Multi-Family Home for sale in Albuquerque, NM

for $899,000 with 2 bedrooms and 1 full bath. This 3,729 square foot home was built in 1926 on a lot size of 0.14.

Don't miss out on this turn-key investment opportunity to own a residential income property convenient located in the heart of downtown, within a short distance of Tingley Beach, BioPark, Old Town and Nob Hill with a wide array of great restaurant options, shopping, groceries and entertainment. This property features five charming bright units (2-1 Bedrooms) that have been renovated throughout the years with premium flooring, neutral color palette throughout, providing a comfortable and inviting living space for tenants. Beautiful low maintenance landscaping complimented by well-maintain common area gardens, creating a lush and private community atmosphere. Plenty of street parking and a large back & side yards for tenants to use. This property also offers a free common laundry.

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Multi-Family Pending

Price

$ 899,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 8,816

Style

MultiFamily

Lot Size

0.14

Year Built

1926

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1044359
Features
General
Heating Central Ductless ForcedAir WallFurnace
Cooling CentralAir Ductless
Utilities CableAvailable ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected WaterConnected
Appliances Refrigerator
Exterior Features Landscaping
Construction Materials Frame
Year Built 1926
Tenant Pays Other SeeRemarks
Stories 1
Levels One
Property SubType MultiFamily
Gross Income 100620.0
Community Features LaundryFacilities
County Bernalillo
Operating Expense 31178.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Green Energy Generation None
Status Pending
Directions Head west on Lead Ave from I-25. Turn left on 8th street and an immediate next left on Coal Ave. The property is on the right.
City Albuquerque
Buyer Agent Compensation 3%
Disclosures LeadBasedPaintDisclosure RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description R-MH*
Total Units 5
MLS Area 80 - Downtown Area
Lot Size Square Feet 6316.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 7th
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 8816.04
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 173
Builder Name Unknown
Standard Status Pending
Legal Description n/a
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Interior
Flooring Laminate
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Total Bedrooms 2
Electric On Property Y/N N
Total Baths 1
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Exterior
Number of Buildings 2
Spa N
Building Area Total 3729.0
Lot Size Acres 0.14
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
Isaac Romero

Listing Agent

Exp Commercial, Llc

Broker

isaac@isaacromero.com

Email

Affordability Calculator

$7,014
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,280
Monthly Property Taxes
$735
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
537023 Elementary School
537125 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/17/2024$899,000 -2.30% Price Down
11/6/2023$920,159 Listed Price

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503 7th Street SW, Albuquerque, NM, 87102 is a Multi-Family Home for sale at $899,000 with 3,729 sqft and a lot size of 0.14. 503 7th Street SW has 2 bedrooms, 1.0 baths, and was built in 1926. The property's zip code is 87102 which is in Albuquerque, NM

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