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2104 Lead Avenue SE
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2104 Lead Avenue SE
2104 Lead Avenue SE
2104 Lead Avenue SE
2104 Lead Avenue SE
2104 Lead Avenue SE
2104 Lead Avenue SE
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2104 Lead Avenue SE

Albuquerque, NM 87106

$619,887
1 bd • 2 ba • 2,670 sqft • 0.16 acres
3 Story
Stories
$232
Per SQFT
1936
Year Built
05/29/2026
Listing Date
1104393
Listing #
87106
Zip Code

About This Property

This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.

Interior

Bathrooms Total: 2
Appliances: Refrigerator
Flooring: Carpet Free, Vinyl

Building And Construction

Property Type: Residential Income
Property Sub Type: Multi Family
Property Sub Type Additional: Multi Family
Building Area Total: 2,670 sqft
Year Built: 1936
Construction Materials: Frame, Stucco
Levels: Three Or More
Number Of Units Total: 8
Stories: 3
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.16
Lot Size Square Feet: 7,013 sqft

Provisional

MLS #: 1104393
Gross Income: 69023
Listing Terms: Cash, Conventional
Number Of Buildings: 2
Operating Expense: 30280
Owner Pays: Other, See Remarks
Tenant Pays: Other, See Remarks
Total Actual Rent: 6000

Area And Schools

City: Albuquerque
Postal Code: 87106
MLS Area Major: UNM
County: Bernalillo
Parcel Number: 101505747717341720

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling: Ductless
Heating: Wall Furnace
Heating (Y/N): Yes

Location

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Directions: From I-25 and Coal east to Yale, north to Lead, west to property.

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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