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301 Graceland Drive SE
Albuquerque, NM 87108
$850,000
2 bd • 1 ba • 3,335 sqft • 0.19 acres
1 Story
Stories
$255
Per SQFT
1962
Year Built
02/13/2026
Listing Date
1098316
Listing #
87108
Zip Code
About This Property
Mid-century Nob Hill investment opportunity offering immediate income and long-term upside. This five-unit property consists of four twobedroom units and one one-bedroom unit, all fully renovated with modern kitchens, updated bathrooms, new plumbing, flooring, and washer/dryer hookups no deferred maintenance required. One unit is currently leased and generating cash flow, providing in-place income. Located in a prime Nob Hillneighborhood with strong rental demand, the property presents an attractive opportunity for investors seeking stable returns, rent growth potential, and long term appreciation.
Interior
Bathrooms Total:
1
Interior Features:
Skylights
Appliances:
Free-Standing Electric Range, Refrigerator
Flooring:
Carpet, Concrete
Window Features:
Skylight(s)
Building And Construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
3,335 sqft
Year Built:
1962
Construction Materials:
Frame
Levels:
One
Number Of Units Total:
5
Stories:
1
Property Condition:
Resale
Exterior And Lot
Lot Size Acres:
0.19
Lot Size Square Feet:
8,276 sqft
Provisional
MLS #:
1098316
Listing Terms:
Cash, Conventional, VA Loan
Number Of Buildings:
1
Owner Pays:
Trash Collection
Tenant Pays:
Electricity, Water
Area And Schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
UNM South
Subdivision:
Grande Add
County:
Bernalillo
Parcel Number:
101705721914732905
Utilities
Utilities:
Electricity Connected, Sewer Connected, See Remarks, Water Connected
Cooling:
Evaporative Cooling
Heating:
Central, Forced Air
Heating (Y/N):
Yes
Location
Directions: From Central and Washington go south on Washington past Silver to Mesa Grande then west to Graceland. Property is on the NE corner of Mesa Grande and Graceland.
Mortgage Calculator
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Monthly Payment**:
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Listing courtesy of Keller Williams Realty
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.
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
Real Estate Broker in Albuquerque, NM