301 Graceland Drive SE Albuquerque, NM ^$ 950,000

301 Graceland Drive SE

^$ 950,000

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301 Graceland Drive SE

Albuquerque, NM, 87108

^$ 950,000

Bedrooms2 Baths1.0 Sq 3,335

Monthly Estimate*

^$ 5,849

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Multi-Family Home for sale in Albuquerque, NM

for $950,000 with 2 bedrooms and 1 full bath. This 3,335 square foot home was built in 1962 on a lot size of 0.19.

Mid-century Nob Hill value-add opportunity with immediate income and upside. This five-unit mixed-use property features 5 fully renovated residential units with updated kitchens, bathrooms, plumbing, flooring, and washer/dryer hookups--no deferred maintenance. Unit mix includes one one-bedroom and two two-bedroom units, one unit is leased and producing cash flow. Two underutilized office units present a clear value-add opportunity through lease-up, rent increases, or repositioning. Prime Nob Hill location with strong demand makes this a rare opportunity for investors seeking growth and long-term appreciation.

Multi-Family Active

Price

^$ 950,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 8,409

Style

Lot Size

0.19

Year Built

1962

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1096628

Features

General

Heating Central Forced Air

Cooling Evaporative Cooling

Utilities Electricity Connected Sewer Connected See Remarks Water Connected

Appliances Free-Standing Electric Range Refrigerator

Construction Materials Frame

Year Built 1962

Tenant Pays Electricity Water

Stories Count 1

Levels One

Property Subtype Apartment

County Bernalillo

New Construction false

Property Type Residential Income

Subdivision Name Grande Add

Green Energy Generation None

Status Active

Directions From Central and Washington go south on Washington past Silver to Mesa Grande then west to Graceland. Property is on the NE corner of Mesa Grande and Graceland.

City Albuquerque

Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure

Zoning Description R-1A*

Number Of Units Total 5

MLS Area 42 - UNM South

Lot Size Square Feet 8276

Listing Terms Cash Conventional VA Loan

Tax Annual Amount 8409.39

Property Condition Resale

Virtual Tour https://my.matterport.com/show/?m=quuWjSfQra2 https://my.matterport.com/show/?m=quuWjSfQra2

Builder Name Unknown

Standard Status Active

Interior

Interior Amenities Skylights

Flooring Carpet Concrete

Basement (Y/N) false

Air Conditioning Y/N true

Heating Y/N true

Window Features Skylight(s)

Laundry Features Washer Hookup

Total Bedrooms 2

Total Baths 1

Exterior

Number of Buildings 1

Building Area Total 3335

Lot Size Acres 0.19

Lot Size Source Public Records

* Excluded Features

List By

Jose Luis Juarez

Listing Agent

Keller Williams Realty

Broker

nmhomes@gmail.com

Affordability Calculator

$6,550

Per Month

Monthly Principal & Interest: $5,849
Monthly Property Taxes: $701
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Albuquerque, NM

Average List Price ^$610,137

Percent of Sale Price 36%

About Albuquerque, NM

565,162 Population

25% Since 2002

^$49,805 Median Income

36.92 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/12/2026	$950,000		Listed Price

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301 Graceland Drive SE, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $950,000 with 3,335 sqft and a lot size of 0.19. 301 Graceland Drive SE has 2 bedrooms, 1.0 baths, and was built in 1962. The property's zip code is 87108 which is in Albuquerque, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/12/2026.

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301 Graceland Drive SE

Multi-Family Home for sale in Albuquerque, NM

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