301 Graceland Drive SE
Albuquerque, NM 87108
$950,000
1 bd • 1 ba • 3,335 sqft • 0.19 acres
1 Story
Stories
$285
Per SQFT
1962
Year Built
01/11/2026
Listing Date
1096628
Listing #
87108
Zip Code
About This Property
Mid-century Nob Hill value-add opportunity with immediate income and upside. This five-unit mixed-use property features three fully renovated residential units with updated kitchens, bathrooms, plumbing, flooring, and washer/dryer hookups--no deferred maintenance. Unit mix includes one one-bedroom and two two-bedroom units, all leased and producing stable cash flow. Two underutilized office units present a clear value-add opportunity through lease-up, rent increases, or repositioning. Prime Nob Hill location with strong demand makes this a rare opportunity for investors seeking growth and long-term appreciation.
Interior
Bathrooms Total:
1
Interior Features:
Skylights
Appliances:
Free-Standing Electric Range, Refrigerator
Laundry Features:
Washer Hookup
Flooring:
Carpet, Concrete
Window Features:
Skylight(s)
Building And Construction
Property Type:
Residential Income
Property Sub Type:
Apartment
Building Area Total:
3,335 sqft
Year Built:
1962
Construction Materials:
Frame
Levels:
One
Number Of Units Total:
5
Stories:
1
Property Condition:
Resale
Exterior And Lot
Lot Size Acres:
0.19
Lot Size Square Feet:
8,276 sqft
Provisional
MLS #:
1096628
Listing Terms:
Cash, Conventional, VA Loan
Number Of Buildings:
1
Owner Pays:
Trash Collection
Tenant Pays:
Electricity, Water
Area And Schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
UNM South
Subdivision:
Grande Add
County:
Bernalillo
Parcel Number:
101705721914732905
Utilities
Utilities:
Electricity Connected, Sewer Connected, See Remarks, Water Connected
Cooling:
Evaporative Cooling
Heating:
Central, Forced Air
Heating (Y/N):
Yes
Location
Directions: From Central and Washington go south on Washington past Silver to Mesa Grande then west to Graceland. Property is on the NE corner of Mesa Grande and Graceland.
Mortgage Calculator
$
$
%
Monthly Payment**:
** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
Properties for Sale Similar to 301 Graceland Drive SE, Albuquerque, NM
New Homes for Sale in Albuquerque Area
View All
Listing courtesy of Keller Williams Realty
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.
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.
Daria Derebera
Real Estate Broker in Albuquerque, NM