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517-521 PALOMAS Drive SE

Albuquerque, NM 87108

$900,000

2 bd • 1 ba • 6,080 sqft • 0.16 acres

1 Story

Stories

$148

Per SQFT

1963

Year Built

08/27/2025

Listing Date

1090425

Listing #

87108

Zip Code

About This Property

8 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and must be sold together for a combined $900,000. Consist of 2B/1B x4 units & 1B/1B x4 units. This well-maintained 8-unit portfolio is located in a strong rental area and features low-maintenance brick construction with secured gated parking. Units have been updated with new appliances, in-unit washers and dryers, fresh paint, upgraded plumbing, new furnaces, a swamp cooler, enhanced security gates, and a 2017 roof. Fully occupied with strong rent roll and additional upside through future lease-up at market rates.

Interior

Bathrooms Total: 1

Interior Features: Ceiling Fan(s)

Appliances: Dryer, Disposal, Refrigerator, Range Hood, Washer

Laundry Features: Washer Hookup, Dryer Hookup, In Unit

Flooring: Tile

Building And Construction

Property Type: Residential Income

Property Sub Type: Multi Family

Building Area Total: 6,080 sqft

Year Built: 1963

Construction Materials: Brick, Brick Veneer

Levels: One

Number Of Units Total: 8

Stories: 1

Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.16

Lot Size Square Feet: 6969.6

Exterior Features: Lighting, Patio

Patio And Porch Features: Patio

Parking Total: 9

Provisional

MLS #: 1090425

Gross Income: 108000

Listing Terms: Cash, Conventional

Number Of Buildings: 2

Operating Expense: 31500

Owner Pays: Other, See Remarks, Trash Collection, Water

Tenant Pays: Electricity, Gas

Area And Schools

Community Features: Patio

City: Albuquerque

Postal Code: 87108

MLS Area Major: Southeast Heights

County: Bernalillo

Parcel Number: 101805608950522708

Utilities

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

Cooling: Evaporative Cooling, Ceiling Fan(s)

Heating: Central, Forced Air

Heating (Y/N): Yes

Location

Directions: At Central and San Mateo intersection go south on San Mateo until you reach Zuni. Turn left (east) on Zuni. Take a right (south) on Palomas Dr. The property will be on the right hand side.

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Listing courtesy of Congress Realty, Inc

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

(505) 521 8550

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