Home / Albuquerque / Southeast Heights / MLS #1085343

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1036 MADEIRA Drive SE

Albuquerque, NM 87108

$399,900

1 bd • 1 ba • 2,865 sqft • 0.19 acres

1 Story

Stories

$140

Per SQFT

1960

Year Built

06/05/2025

Listing Date

1085343

Listing #

87108

Zip Code

About This Property

Discover this updated, low-maintenance income producing property! An ideal opportunity for both first-time & seasoned investors. This well-maintained asset offers a desirable unit mix, featuring (3) 1-bedroom/1-bath units (Units A, B & C), & a spacious 3-bedroom/2-bath unit (Unit D) complete with a detached 1-car garage. In 2020, the owner completed upgrades to ensure long-term value & energy efficiency, including: Mini-split heating & refrigerated air systems in all units, Upgraded electrical service, pro-panel metal roof, Fresh stucco, dual-pane windows, perimeter fencing & landscaping. Units A & D have been fully remodeled with tasteful, modern interiors. Units B & C are occupied by long-term tenants & currently rented below market value, offering potential for future rental growth!

Interior

Bathrooms Total: 1

Appliances: Free-Standing Electric Range, Refrigerator

Laundry Features: Washer Hookup, Dryer Hookup, In Unit

Flooring: Laminate, Tile, Wood

Building And Construction

Property Type: Residential Income

Property Sub Type: Quadruplex

Building Area Total: 2,865 sqft

Year Built: 1960

Construction Materials: Frame, Stucco

Levels: One

Number Of Units Total: 4

Stories: 1

Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.19

Lot Size Square Feet: 8276.4

Exterior Features: Landscaping

Parking Total: 8

Provisional

MLS #: 1085343

Gross Income: 39600

Listing Terms: Cash, Conventional, FHA, VA Loan

Number Of Buildings: 1

Tenant Pays: Electricity, Gas

Area And Schools

City: Albuquerque

Postal Code: 87108

MLS Area Major: Southeast Heights

County: Bernalillo

Parcel Number: 101805607520632201

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Cooling: Multi Units, Refrigerated

Heating: Ductless

Heating (Y/N): Yes

Location

Directions: See Map

Listing courtesy of Southwest Elite Real Estate

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.