$2,700,000
Listed on Jul 28, 2026
3 bds · 3 ba · 16,426 sqft
802 Gold Avenue SW, Albuquerque, 87102
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(505) 521 8550
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1200 Ortiz Drive SE
Albuquerque, NM 87108
This property is not for sale.
Sold on 07.22.2026 for $3,965,358
3
Beds
2
Baths
25,632
SqFt Home
1
Story
1964
Year Built
13,504
SqFt Lot
About this property
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If… Show more
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
Property details for 1200 Ortiz Drive SE
Interior
Bathrooms Total:
2
Appliances:
Refrigerator
Flooring:
Carpet, Vinyl
Exterior and lot
Lot Size Acres:
0.31
Lot Size:
13,504 sqft
Parking Total:
47
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
25,632 sqft
Year Built:
1964
Construction Materials:
Block
New Construction:
No
Green Energy Generation:
Solar
Levels:
One
Number Of Units Total:
44
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1092641
Gross Income:
401863
Listing Terms:
Cash, Conventional
Number Of Buildings:
8
Operating Expense:
281800
Owner Pays:
Other, See Remarks
Tenant Pays:
Other, See Remarks
Total Actual Rent:
32788
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
Subdivision:
Virginia Place Addition
County:
Bernalillo
Parcel Number:
101805604219331411
Utilities
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected
Heating:
Active Solar, Other
Heating (Y/N):
Yes
Map location for 1200 Ortiz Drive SE, Albuquerque, NM 87108
Directions: From I-25 and Gibson, east on Gibson past San Mateo, north on Ortiz to property.
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1200 Ortiz Drive SE Albuquerque, NM 87108 listed as MLS #1092641.
This 3 bedroom 25,632 sqft Residential Income built in 1964 located in Albuquerque NM 87108.
1200 Ortiz Drive SE was sold for $3,965,358 as MLS #1092641.
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