Home / Albuquerque / Downtown Area / MLS #1085330

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1203

Albuquerque, NM 87105

$515,000

1 bd • 1 ba • 2,416 sqft • 0.27 acres

1 Story

Stories

$213

Per SQFT

1930

Year Built

06/05/2025

Listing Date

1085330

Listing #

87105

Zip Code

About This Property

Excellent income-producing 4plex in Albuquerque's vibrant and walkable Barelas neighborhood! This unique property includes a well-kept triplex plus a detached casita, each unit offering off-street parking and private yard space. One unit fully renovated in 2025 with modern finishes and new mini-splits and available for showings. Located just steps from the zoo, parks, and the Barelas Community Center with its free amenities. Units are under-rented, providing immediate value-add potential. Ideal for owner-occupants--live in one unit and let the other three pay the mortgage with low-down financing options available.

Interior

Bathrooms Total: 1

Appliances: Dryer, Microwave, Refrigerator, Washer

Flooring: Laminate, Tile

Building And Construction

Property Type: Residential Income

Property Sub Type: Quadruplex

Building Area Total: 2,416 sqft

Year Built: 1930

Construction Materials: Adobe, Frame

Levels: One

Number Of Units Total: 4

Stories: 1

Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.27

Lot Size Square Feet: 11,759 sqft

Exterior Features: Landscaping

Provisional

MLS #: 1085330

Listing Terms: Cash, Conventional, FHA

Number Of Buildings: 2

Tenant Pays: Electricity, Gas

Area And Schools

City: Albuquerque

Postal Code: 87105

MLS Area Major: Downtown Area

County: Bernalillo

Parcel Number: 101405703304130430

Utilities

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

Cooling: Ductless, Evaporative Cooling, Varies by Unit, Window Unit(s)

Heating: Ductless, Wall Furnace

Heating (Y/N): Yes

Location

Directions: From I-25 and Lead, go west on Lead to 4th St. South on 4th St to Cromwell, west on Cromwell to Barelas Rd, then south on Barelas Rd to property.

Listing courtesy of Realty One of New Mexico

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.