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1200 Ortiz Drive SE Albuquerque, NM $ 3,965,358
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$ 3,965,358 Get more info
1200 Ortiz Drive SE
$ 3,965,358
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Share Save

1200 Ortiz Drive SE

Albuquerque, NM, 87108
$ 3,965,358
Bedrooms1 Baths1.0 Sq 25,632

Monthly Estimate*

$ 24,739

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Multi-Family Home for sale in Albuquerque, NM

for $3,965,358 with 1 bedroom and 1 full bath. This 25,632 square foot home was built in 1964 on a lot size of 0.31.

Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...

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Multi-Family Active

Price

$ 3,965,358

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 3,774

Style

Lot Size

0.31

Year Built

1964

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1092641
Features
General
Heating Active Solar Other See Remarks
Cooling Other
Utilities Cable Connected Electricity Connected Natural Gas Connected
Appliances Refrigerator
Security Features Complex Fenced
Construction Materials Block
Year Built 1964
Electric None
Tenant Pays Other See Remarks
Stories Count 1
Levels One
Property Subtype Multi Family
Gross Income 401863
County Bernalillo
Operating Expense 281800
New Construction false
Property Type Residential Income
Subdivision Name Virginia Place Addition
Green Energy Generation Solar
Status Active
Directions From I-25 and Gibson east on Gibson past San Mateo north on Ortiz to property.
City Albuquerque
Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure
Zoning Description R-MH*
Number Of Units Total 44
MLS Area 71 - Southeast Heights
Lot Size Square Feet 13503.6
Listing Terms Cash Conventional
Tax Annual Amount 3774.44
Property Condition Resale
Additional Parcels Y/N true
Builder Name Unknown
Standard Status Active
Year Built Source Public Records
Legal Description Lot A Block 2 & Lot A & B Block 10 Virginia Place Addition
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Interior
Flooring Carpet Vinyl
Total Stories 1
Basement (Y/N) false
Heating Y/N true
Total Bedrooms 1
Total Baths 1
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Exterior
Total Parking 47
Number of Buildings 8
Building Area Total 25632
Lot Size Acres 0.31
Lot Size Source Survey
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* Excluded Features
List By
Todd D Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$25,053
Per Month
99%
1%
0%
Monthly Principal & Interest
$24,739
Monthly Property Taxes
$315
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
10/8/2025$3,965,358 Listed Price

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1200 Ortiz Drive SE, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $3,965,358 with 25,632 sqft and a lot size of 0.31. 1200 Ortiz Drive SE has 1 bedrooms, 1.0 baths, and was built in 1964. The property's zip code is 87108 which is in Albuquerque, NM

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