$398,500
Listed on Mar 13, 2026
3 bds · 2 ba · 2,435 sqft
902 Edith Boulevard NE, Albuquerque, 87102
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(505) 521 8550
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2450 Floral Road NW
Albuquerque, NM 87104
This property is not for sale.
Sold on 09.16.2025 for $466,888
3
Beds
2
Baths
2,786
SqFt Home
2
Stories
1946
Year Built
6,534
SqFt Lot
About this property
The main house, Unit A, is a three bedroom, two bathroom beauty with hardwoods floors which faces Floral Road. Unit BC is a two story 3 bedroom, two bathroom unit that faces Rose… Show more
The main house, Unit A, is a three bedroom, two bathroom beauty with hardwoods floors which faces Floral Road. Unit BC is a two story 3 bedroom, two bathroom unit that faces Rose Avenue.Measures of investment performance at start price of $466,888 and current average rent of $2,225 are a GRM of 8.74, a 8.03% cap rate, $233,444 per unit, $167/sf and an after tax IRR of 24.50%, with the potential to lower an investors effective federal tax rate from 35% to 19%. The greater Albuquerque area continues to under go a significant housing shortage of over 13,000 rental housing units due to the new Netflix, Intel, Facebook (Meta) and Amazon jobs.Located at the intersection of Rose Avenue and Floral Road and in the Floral Gardens subdivision,do not miss out on the opportunity
Property details for 2450 Floral Road NW
Interior
Bathrooms Total:
2
Appliances:
Refrigerator
Flooring:
Carpet, Tile, Vinyl, Wood
Exterior and lot
Lot Size Acres:
0.15
Lot Size:
6,534 sqft
Building and construction
Property Type:
Residential Income
Property Sub Type:
Duplex
Property Sub Type Additional:
Duplex
Building Area Total:
2,786 sqft
Year Built:
1946
Levels:
Two
Number Of Units Total:
2
Stories:
2
Property Condition:
Resale
Provisional
MLS #:
1087069
Gross Income:
50730
Listing Terms:
Cash, Conventional, FHA, VA Loan
Number Of Buildings:
1
Occupant Type:
Owner
Operating Expense:
13675
Owner Pays:
Other, See Remarks
Tenant Pays:
Other, See Remarks
Area and schools
City:
Albuquerque
Postal Code:
87104
MLS Area Major:
Near North Valley
Subdivision:
Lot 43, Floral Gardens Subdivision
County:
Bernalillo
Parcel Number:
101305903017632123
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Heating:
Central, Forced Air, Wall Furnace
Heating (Y/N):
Yes
Homes for sale similar to 2450 Floral Road NW
2450 Floral Road NW Albuquerque, NM 87104 listed as MLS #1087069.
This 3 bedroom 2,786 sqft Residential Income built in 1946 located in Albuquerque NM 87104.
2450 Floral Road NW was sold for $466,888 as MLS #1087069.
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