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12509 Manitoba Drive NE Albuquerque, NM $ 553,214
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12509 Manitoba Drive NE
$ 553,214
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12509 Manitoba Drive NE

Albuquerque, NM, 87112
$ 553,214
Bedrooms2 Baths1.0 Sq 2,940

Monthly Estimate*

$ 3,451

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Multi-Family Home for sale in Albuquerque, NM

for $553,214 with 2 bedrooms and 1 full bath. This 2,940 square foot home was built in 1979 on a lot size of 0.16.

The property is located close to foothills trails, Sandia Pueblo, The Elena Gallegos open space preserve, the second longest aerial Tramway in the world as well as, KAFB/Sandia National Laboratories and great local shopping & restaurants. Each apartment contains two bedrooms and one bathroom and separately metered for gas and electric. There is one on-site laundry room, downstairs just off the large parking lot that accommodates plenty of off street parking. Measures of investment performance at ask price of $552,214 and average rents of $1,088 are a GRM of 10.60, a 5.36% cap rate, $138,804 per unit, $188.17/sf.If rents are raised to market rate of $1,395, the measure of investment performance improve to a 6.91% cap rate and that a large potential increases in property taxe

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Multi-Family Active

Price

$ 553,214

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 1,885

Style

Lot Size

0.16

Year Built

1979

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1095868
Features
General
Heating Central Forced Air
Cooling Evaporative Cooling
Utilities Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Water Connected
Appliances Refrigerator
Construction Materials Frame Stucco
Year Built 1979
Tenant Pays Other See Remarks
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 49769
Accessibility None
County Bernalillo
Operating Expense 21028
New Construction false
Property Type Residential Income
Subdivision Name New Holiday Park Subdivision
Green Energy Generation None
Status Active
Directions From Tramway and I-40 north on Tramway to Manitoba property is on NWC
City Albuquerque
Disclosures RANM 2100 Disclosure
Zoning Description R-ML*
Number Of Units Total 4
MLS Area 30 - Far NE Heights
Lot Size Square Feet 6882
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 1885.54
Property Condition Resale
Additional Parcels Y/N true
Builder Name Unknown
Standard Status Active
Occupancy Type Owner
Year Built Source Public Records
Property Sub Type Additional Quadruplex
Legal Description R2 Parts 5&6 Tract B New Holiday Park Subdivision
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Interior
Flooring Carpet Vinyl
Total Stories 2
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 2
Unit Type Manager's Unit
Total Baths 1
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Exterior
Total Parking 6
Number of Buildings 1
Building Area Total 2940
Lot Size Acres 0.16
Lot Size Source Public Records
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* Excluded Features
List By
Todd D Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$3,608
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,451
Monthly Property Taxes
$157
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/18/2025$553,214 Listed Price

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12509 Manitoba Drive NE, Albuquerque, NM, 87112 is a Multi-Family Home for sale at $553,214 with 2,940 sqft and a lot size of 0.16. 12509 Manitoba Drive NE has 2 bedrooms, 1.0 baths, and was built in 1979. The property's zip code is 87112 which is in Albuquerque, NM

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