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508 Alvarado Drive SE Albuquerque, NM $ 265,000
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$ 265,000 Get more info
508 Alvarado Drive SE
$ 265,000
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508 Alvarado Drive SE

Albuquerque, NM, 87108
$ 265,000
Bedrooms3 Baths3.0 Sq 1,975

Monthly Estimate*

$ 1,830

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Multi-Family Home for sale in Albuquerque, NM

for $265,000 with 3 bedrooms and 3 full baths. This 1,975 square foot home was built in 1956 on a lot size of 0.15.

Investment opportunity in Southeast Albuquerque! This triplex offers three 1-bedroom, 1-bathroom units, all currently occupied with month-to-month leases and an established rental history. Each unit includes washer and dryer hookups. The roof is only 7 years old. Ideally sold together with the neighboring triplex at 514 Alvarado Drive SE - MLS# 1113517, offering investors the opportunity to acquire six rental units in one location. Separate offers may also be considered. A vacant unit at 514 Alvarado is available for showings.

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Multi-Family Active

Price

$ 265,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,971

Style

Lot Size

0.15

Year Built

1956

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1113516
Features
General
Heating Wall Furnace
Cooling Evaporative Cooling Window Unit(s)
Utilities Cable Available Electricity Connected Sewer Connected Water Connected
Appliances Free-Standing Gas Range Refrigerator
Construction Materials Stucco
Year Built 1956
Tenant Pays Electricity Gas
Stories Count 1
Levels One
Property Subtype Triplex
County Bernalillo
New Construction false
Property Type Residential Income
Subdivision Name Baron Burg Heights
Green Energy Generation None
Status Active
Directions **Make sure you use SE not NE** From San Mateo Blvd SE head east on Zuni Rd SE. Turn right (south) onto Alvarado Dr SE. Property will be on the right at 508 Alvarado Dr SE.
City Albuquerque
Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure
Zoning Description MX-L*
Number Of Units Total 3
MLS Area 71 - Southeast Heights
Lot Size Square Feet 6752
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 1971
Property Condition Resale
Builder Name Unknown
Standard Status Active
Year Built Source Assessor
Total Actual Rent 1785
Property Sub Type Additional Triplex
Legal Description N/A
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Interior
Flooring Laminate
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Washer Hookup Dryer Hookup In Unit
Total Bedrooms 3
Total Baths 3
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Exterior
Exterior Amenities Landscaping
Number of Buildings 1
Building Area Total 1975
Lot Size Acres 0.15
Lot Size Source Survey
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* Excluded Features
List By
Michelle Rohl

Listing Agent

Era Summit

Broker

michellerohl@eraabq.com

Email

Affordability Calculator

$1,995
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,830
Monthly Property Taxes
$164
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
11/4/2026$265,000 Listed Price

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508 Alvarado Drive SE, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $265,000 with 1,975 sqft and a lot size of 0.15. 508 Alvarado Drive SE has 3 bedrooms, 3.0 baths, and was built in 1956. The property's zip code is 87108 which is in Albuquerque, NM

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