$999,565
Listed on Aug 19, 2026
6 bds · 3 ba · 7,720 sqft
1104 Palomas Drive SE, Albuquerque, 87108
401 & 405 Indiana Street SE
Albuquerque, NM 87108
$800,000
$125/SqFt
6
Beds
3
Baths
6,400
SqFt Home
1
Story
1963
Year Built
16,204
SqFt Lot
About this property
Prime investment opportunity featuring two side-by-side fourplexes (8 total units)). Each 800 sq ft, 2-bed, 1-bath residence features an efficient floor plan with bright living space, full… Show more
Prime investment opportunity featuring two side-by-side fourplexes (8 total units)). Each 800 sq ft, 2-bed, 1-bath residence features an efficient floor plan with bright living space, full kitchen, and dedicated in-unit laundry hookups. This high-demand amenity eliminates shared laundry logistics, drives tenant retention, and supports premium rents.
Property details for 401 & 405 Indiana Street SE
Interior
Bedrooms Total:
6
Bathrooms Total:
3
Appliances:
Free-Standing Electric Range, Disposal, Refrigerator, Range Hood, Self Cleaning Oven
Laundry Features:
Washer Hookup, Dryer Hookup, In Unit
Flooring:
Carpet, Laminate, Tile
Exterior and lot
Lot Size Acres:
0.37
Lot Size:
16,204 sqft
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
6,400 sqft
Year Built:
1963
Construction Materials:
Brick, Frame
New Construction:
No
Levels:
One
Number Of Units Total:
8
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1110588
Gross Income:
78424
Listing Terms:
Cash, Conventional, FHA
Number Of Buildings:
2
Operating Expense:
52509
Owner Pays:
Sewer, Trash Collection, Water
Tenant Pays:
Electricity, Gas
Total Actual Rent:
7705
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
Subdivision:
Mesa Park Add
County:
Bernalillo
Parcel Number:
101805644951612910
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Wall Furnace
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
September 4, 2026
Location
Directions: From Downtown, head east on Lead Ave SE as it transitions into Zuni Rd SE. Continue straight on Zuni Rd SE for about 4 miles, passing San Mateo Blvd SE. Turn right onto Indiana St SE just before Louisiana Blvd SE, and 401 and 405 Indiana St SE will be on your left.
Homes for sale similar to 401 & 405 Indiana Street SE
Homes recently sold near 401 & 405 Indiana Street SE
401 & 405 Indiana Street SE Albuquerque, NM 87108 listed as MLS #1110588.
This 6 bedroom 6,400 sqft Multi Family built in 1963
located in Mesa Park Add, Albuquerque NM 87108.
401 & 405 Indiana Street SE is listed for $800,000 as MLS #1110588 courtesy of T & C Management, LLC Charles V Sheldon.
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-commercial use and may not be used for any purpose other than identifying properties
which consumers may be interested in purchasing.
Searches related to 401 & 405 Indiana Street SE, Albuquerque, NM 87108
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Estimated Mortgage
$4,045/mo
Based on $160K down · 6.5% · 30yr