Albuquerque Homes Online
Albuquerque Homes Online

Menu

Home / Albuquerque / Southeast Heights / MLS #1091367
517 PALOMAS Drive SE - Main Image
View Map

517 PALOMAS Drive SE

Albuquerque, NM 87108

$444,900
2 bd • 1 ba • 3,080 sqft • 0.15 acres
1 Story
Stories
$144
Per SQFT
1963
Year Built
09/13/2025
Listing Date
1091367
Listing #
87108
Zip Code

About This Property

4 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and can be sold together for a combined $900,000. Consist of 2B/1B x2 units & 1B/1B x2 units. This well-maintained 4-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. With one unit currently vacant, investors have the option to capture immediate upside at market rent or to leverage a house-hack model by occupying a unit while collecting income from the others.

Interior

Bathrooms Total: 1
Interior Features: Ceiling Fan(s)
Appliances: Dryer, Disposal, Refrigerator, Range Hood, Washer
Laundry Features: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
Flooring: Tile

Building And Construction

Property Type: Residential Income
Property Sub Type: Quadruplex
Property Sub Type Additional: Quadruplex
Building Area Total: 3,080 sqft
Year Built: 1963
Construction Materials: Brick, Brick Veneer
Levels: One
Number Of Units Total: 4
Stories: 1
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.15
Lot Size Square Feet: 6,534 sqft
Exterior Features: Lighting
Parking Total: 4

Provisional

MLS #: 1091367
Gross Income: 58800
Listing Terms: Cash, Conventional, FHA, VA Loan
Number Of Buildings: 1
Occupant Type: Owner
Operating Expense: 17155
Owner Pays: Sewer, Trash Collection, Water
Tenant Pays: Electricity, Gas

Area And Schools

City: Albuquerque
Postal Code: 87108
MLS Area Major: Southeast Heights
County: Bernalillo
Parcel Number: 101805608950522708

Utilities

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

Mortgage Calculator

$
$
%
Monthly Payment:

Properties for Sale Similar to 517 PALOMAS Drive SE, Albuquerque, NM

512 Mesilla Street SE, Albuquerque

$433,651

2 bds • 1 ba • 3,000 sqft

512 Mesilla Street SE, Albuquerque, 87108
530 ALVARADO Drive SE, Albuquerque

$479,000

2 bds • 1 ba • 3,400 sqft

530 ALVARADO Drive SE, Albuquerque, 87108
528 ALVARADO Drive SE, Albuquerque

$485,000

2 bds • 1 ba • 3,400 sqft

528 ALVARADO Drive SE, Albuquerque, 87108
408 MESILLA Street SE, Albuquerque

$359,900

2 bds • 1 ba • 2,800 sqft

408 MESILLA Street SE, Albuquerque, 87108
3403 Anderson Avenue SE, Albuquerque

$504,852

2 bds • 1 ba • 2,789 sqft

3403 Anderson Avenue SE, Albuquerque, 87106
1133 GEORGIA Street SE, Albuquerque

$330,000

2 bds • 1 ba • 2,800 sqft

1133 GEORGIA Street SE, Albuquerque, 87108
3413 Eastern Avenue SE, Albuquerque

$390,000

2 bds • 1 ba • 2,700 sqft

3413 Eastern Avenue SE, Albuquerque, 87108
236 SAN PABLO Street NE, Albuquerque

$335,000

2 bds • 1 ba • 2,760 sqft

236 SAN PABLO Street NE, Albuquerque, 87108
240 SAN PABLO Street NE, Albuquerque

$335,000

2 bds • 1 ba • 2,760 sqft

240 SAN PABLO Street NE, Albuquerque, 87108
3501 WELLESLEY Drive NE, Albuquerque

$500,000

2 bds • 1 ba • 3,336 sqft

3501 WELLESLEY Drive NE, Albuquerque, 87107
1129 GEORGIA Street SE, Albuquerque

$330,000

2 bds • 1 ba • 2,621 sqft

1129 GEORGIA Street SE, Albuquerque, 87108
644 LOUISIANA Boulevard SE, Albuquerque

$593,000

1 bds • 1 ba • 3,411 sqft

644 LOUISIANA Boulevard SE, Albuquerque, 87108

New Homes for Sale in Albuquerque Area

View All
8927 DESERT FOX Way NE, Albuquerque

$580,000

3 bds • 2 ba • 1,906 sqft

8927 DESERT FOX Way NE, Albuquerque, 87122
4929 Olympia Rd Road NW, Albuquerque

$310,000

3 bds • 2 ba • 1,932 sqft

4929 Olympia Rd Road NW, Albuquerque, 87105
8216 BRET Place NE, Albuquerque

$282,000

3 bds • 2 ba • 1,289 sqft

8216 BRET Place NE, Albuquerque, 87109
19 Camey Street, Belen

$250,000

3 bds • 2 ba • 1,736 sqft

19 Camey Street, Belen, 87002
3920 MCADAMS Drive NE, Rio Rancho

$550,000

3 bds • 3 ba • 2,337 sqft

3920 MCADAMS Drive NE, Rio Rancho, 87144
6116 AGATE Avenue NW, Albuquerque

$580,000

3 bds • 2 ba • 2,804 sqft

6116 AGATE Avenue NW, Albuquerque, 87120
10609 MOUNTAIN Road NE, Albuquerque

$294,900

3 bds • 1 ba • 1,102 sqft

10609 MOUNTAIN Road NE, Albuquerque, 87112
2606 AVENIDA CASTELLANA, Rio Rancho

$589,900

5 bds • 4 ba • 3,811 sqft

2606 AVENIDA CASTELLANA, Rio Rancho, 87124
Listing courtesy of Congress Realty, Inc
Southwest MLS Logo 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 Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550

Agent Contact Request Sent

Thank you for contacting us. An agent will reach out to you as soon as possible.

Showing Request Submitted

Thank you for scheduling a showing. We'll confirm the details with you shortly.

Schedule a Showing

Information Request Submitted

Thank you for your interest. We'll get back to you shortly.

Request Information