1029 Palomas Drive SE A-D Albuquerque, NM ^$ 349,000

1029 Palomas Drive SE A-D

^$ 349,000

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Recently Listed

1029 Palomas Drive SE A-D

Albuquerque, NM, 87108

^$ 349,000

Bedrooms7 Baths4.0 Sq 3,199

Monthly Estimate*

^$ 2,204

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Multi-Family Home for sale in Albuquerque, NM

for $349,000 with 7 bedrooms and 4 full baths. This 3,199 square foot home was built in 1958 on a lot size of 0.19.

Don't miss this excellent income-producing 4-plex located just minutes from the VA Hospital, offering a desirable location with strong rental appeal. Torch down Appex 4.5M roof installed April 2024The property consists of three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath. Property fully leased providing stable rental incomeConveniently situated near medical facilities, shopping, dining, and major transportation routes, this property is well-positioned for long-term occupancy and investment growth.

Multi-Family Active

Price

^$ 349,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,612

Style

Lot Size

0.19

Year Built

1958

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1108100

Features

General

Heating Central Wall Furnace

Cooling Evaporative Cooling

Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected

Appliances Free-Standing Gas Range Refrigerator Range Hood

Construction Materials Frame

Year Built 1958

Tenant Pays Electricity Gas

Stories Count 1

Levels One

Unit Number A-D

Property Subtype Quadruplex

Gross Income 39600

County Bernalillo

Operating Expense 13051

New Construction false

Property Type Residential Income

Subdivision Name Pl Add

Green Energy Generation None

Status Active

Directions San Mateo/Kathryn Head East on Kathryn t Palomas DR Go South on Palomas DR to Propety West Side of street

City Albuquerque

Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure

Zoning Description R-MH*

Number Of Units Total 4

MLS Area 71 - Southeast Heights

Lot Size Square Feet 8102

Listing Terms Cash Conventional FHA VA Loan

Tax Annual Amount 3612.34

Property Condition Resale

Builder Name Unknown

Standard Status Active

Total Actual Rent 3300

Property Sub Type Additional Quadruplex

Interior

Flooring Tile Wood

Air Conditioning Y/N true

Heating Y/N true

Total Bedrooms 7

Total Baths 4

Exterior

Exterior Amenities Lighting

Number of Buildings 1

Building Area Total 3199

Lot Size Acres 0.19

Lot Size Source Public Records

* Excluded Features

List By

Toni-Lei Renee Ponic

Listing Agent

Couture Brokerage

Broker

toni@nm1.com

Affordability Calculator

$2,505

Per Month

Monthly Principal & Interest: $2,204
Monthly Property Taxes: $301
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Albuquerque, NM

Average List Price ^$646,023

Percent of Sale Price 85%

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
7/29/2026	$349,000		Listed Price

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1029 Palomas Drive SE A-D, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $349,000 with 3,199 sqft and a lot size of 0.19. 1029 Palomas Drive SE A-D has 7 bedrooms, 4.0 baths, and was built in 1958. 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 6.49% 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.

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 7/29/2026.

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1029 Palomas Drive SE A-D

Multi-Family Home for sale in Albuquerque, NM

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