$994,495
Listed on Jul 14, 2026
8 bds · 7 ba · 4,805 sqft
1003-1005 Carlisle Boulevard SE, Albuquerque, 87106
Call/text
(505) 521 8550
us for more information
316 PRINCETON Drive SE
Albuquerque, NM 87106
This property is not for sale.
Sold on 07.03.2025 for $1,150,000
1
Bed
1
Bath
2
Stories
1977
Year Built
6,970
SqFt Lot
About this property
Currently a 6% Market Cap Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units; 6 (1 bedroom floor plans) & 6 (studio floor… Show more
Currently a 6% Market Cap Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units; 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space located in a single 2-story building with 18 covered parking spaces. Capital Improvements: Each unit has been updated with tile or laminate and mini-split units. Newer roof installed in 2023. All current rents are below market rents and present an investor with a potential 8.5% Cap if rents are brought up to current market pricing. INDIVIDUAL UNITS NOT FOR SALE.
Property details for 316 PRINCETON Drive SE
Interior
Bathrooms Total:
1
Appliances:
Free-Standing Electric Range, Refrigerator
Flooring:
Laminate, Tile, Vinyl
Exterior and lot
Lot Size Acres:
0.16
Lot Size:
6,970 sqft
Exterior Features:
Lighting
Parking Total:
1.5
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Year Built:
1977
Construction Materials:
Wood Siding
Levels:
Two
Number Of Units Total:
12
Stories:
2
Property Condition:
Resale
Provisional
MLS #:
1084611
Gross Income:
102624
Listing Terms:
Cash, Conventional, Other, See Remarks
Number Of Buildings:
1
Operating Expense:
19687
Tenant Pays:
Electricity, Gas
Area and schools
Community Features:
Deck/Porch
City:
Albuquerque
Postal Code:
87106
MLS Area Major:
UNM South
County:
Bernalillo
Parcel Number:
101605719412431721
Utilities
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Ductless, Refrigerated
Heating:
Ductless
Heating (Y/N):
Yes
Homes for sale similar to 316 PRINCETON Drive SE
316 PRINCETON Drive SE Albuquerque, NM 87106 listed as MLS #1084611.
This 1 bedroom 0 sqft Residential Income built in 1977 located in Albuquerque NM 87106.
316 PRINCETON Drive SE was sold for $1,150,000 as MLS #1084611.
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which consumers may be interested in purchasing.
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