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1315 Madeira Drive SE
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1315 Madeira Drive SE
1315 Madeira Drive SE
1315 Madeira Drive SE
1315 Madeira Drive SE
1315 Madeira Drive SE
1315 Madeira Drive SE
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1315 Madeira Drive SE

Albuquerque, NM 87108

$522,720
3 bd • 2 ba • 3,233 sqft • 0.2 acres
1 Story
Stories
$162
Per SQFT
1980
Year Built
07/28/2026
Listing Date
1108087
Listing #
87108
Zip Code

About This Property

This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire a amazing fourplex that was built by the same engineer/ developer who built the world largest free standing wood structure (the Trestle). What is the Trestle you ask? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history.This fourplex is part of a larger 16 units (4 x fourplexes) community that was developed by Dr. Carl Baum as his primary residence while he worked at Kirtland base for the Air Force. Mr. Baum was known as a world recognized expert on electromagnetic pulse phenomena. He designed and built this portfolio of apartments to be closer to work and model his lifestyle after his work ethic.Measures of investment performance include: at ask price of $522,720, $130,650 per unit, $138.87/sf, 6.92% before reserves CAP rate, a 6.75% after reserves cap rate, and an after tax IRR of 19.2%.

Interior

Bathrooms Total: 2
Appliances: Refrigerator
Flooring: Vinyl

Building And Construction

Property Type: Residential Income
Property Sub Type: Quadruplex
Property Sub Type Additional: Quadruplex
Building Area Total: 3,233 sqft
Year Built: 1980
Construction Materials: Block, Frame, Stucco
Builder Name: Baum
Levels: One
Number Of Units Total: 4
Stories: 1
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.2
Lot Size Square Feet: 8,581 sqft
Parking Total: 6

Provisional

MLS #: 1108087
Gross Income: 54887
Listing Terms: Cash, Conventional, FHA, VA Loan
Number Of Buildings: 1
Occupant Type: Owner
Operating Expense: 19603
Owner Pays: Other, See Remarks
Tenant Pays: Other, See Remarks
Total Actual Rent: 4262

Area And Schools

City: Albuquerque
Postal Code: 87108
MLS Area Major: Southeast Heights
County: Bernalillo
Parcel Number: 101805605504330208

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling: Evaporative Cooling
Heating: Forced Air
Heating (Y/N): Yes

Location

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Directions: From Gibson and I-25 east to Madeira and north to property.

Mortgage Calculator

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** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

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Listing courtesy of NM Apartment Advisors, 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