$1,424,506
Listed on Aug 10, 2026
5 bds · 3 ba · 9,650 sqft
808 Ortiz Drive SE, Albuquerque, 87108
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1030-1040 Truman Street SE
Albuquerque, NM 87108
This property is not for sale.
Sold on 03.23.2026 for $1,500,000
3
Beds
2
Baths
1
Story
1952
Year Built
25,700
SqFt Lot
About this property
The unit mix offers valuable diversity, with 3 two-bedroom/one-bathroom and 3 one-bedroom/one-bathroom units at 1030 Truman -- complete with private garages -- and an additional 3 units at… Show more
The unit mix offers valuable diversity, with 3 two-bedroom/one-bathroom and 3 one-bedroom/one-bathroom units at 1030 Truman -- complete with private garages -- and an additional 3 units at 1040 Truman, including one 1-bedroom/1-bathroom and two 2-bedroom/1-bathroom apartments. The buildings are situated on spacious lots with mature landscaping, wrought iron security, and private courtyard areas that enhance curb appeal and resident livability.The projected gross income of $139,200 annually, adjusted for a 5% vacancy to $132,240, with estimated operating expenses of $37,361, yielding a pro forma NOI of $94,879. At the asking price of $1,500,000, the property offers a projected cap rate of 6.33% with a before-tax IRR of 17.41% .
Property details for 1030-1040 Truman Street SE
Interior
Bathrooms Total:
2
Appliances:
Built-In Gas Range, Dryer, Refrigerator, Range Hood
Laundry Features:
Washer Hookup, Dryer Hookup, In Unit
Flooring:
Tile, Vinyl, Wood
Exterior and lot
Lot Size Acres:
0.59
Lot Size:
25,700 sqft
Exterior Features:
Landscaping
Parking Total:
10
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Year Built:
1952
Levels:
One
Number Of Units Total:
9
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1094437
Gross Income:
140000
Listing Terms:
Cash, Owner May Carry
Number Of Buildings:
2
Operating Expense:
32000
Owner Pays:
Sewer, Trash Collection, Water
Tenant Pays:
Electricity, Gas
Total Actual Rent:
11300
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
UNM South
Subdivision:
NA
County:
Bernalillo
Parcel Number:
101705651728310815, 101705651727210816
Utilities
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Heating:
Central, Forced Air, Floor Furnace
Heating (Y/N):
Yes
Homes for sale similar to 1030-1040 Truman Street SE
1030-1040 Truman Street SE Albuquerque, NM 87108 listed as MLS #1094437.
This 3 bedroom 0 sqft Residential Income built in 1952 located in Albuquerque NM 87108.
1030-1040 Truman Street SE was sold for $1,500,000 as MLS #1094437.
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