Albuquerque Homes Online
Albuquerque Homes Online
Home / Albuquerque / UNM South / Terrace / MLS #1105527
511 Spruce Street SE
12 Photos
511 Spruce Street SE
511 Spruce Street SE
511 Spruce Street SE
511 Spruce Street SE
511 Spruce Street SE
511 Spruce Street SE
View Map

511 Spruce Street SE

Albuquerque, NM 87106

$850,000
7 bd • 6 ba • 3,749 sqft • 0.31 acres
1 Story
Stories
$227
Per SQFT
1936
Year Built
06/15/2026
Listing Date
1105527
Listing #
87106
Zip Code

About This Property

Offered at $850,000 ($141,666/unit) with an attractive 7.28% acquisition cap rate, 511 Spruce St SE presents a rare opportunity to acquire a fully stabilized multifamily asset with proven in-place cash flow. The property is 100% occupied and features four fully furnished units, with five of the six units having undergone extensive renovations including new roofs, heating and cooling systems, exterior paint and stucco, appliances, flooring, and interior paint. A diverse unit mix supports broad tenant demand, while its long history of strong occupancy as furnished rentals is complemented by an exceptional location near UNM, Presbyterian Hospital, CNM, Kirtland Air Force Base, and Downtown Albuquerque.

Interior

Bathrooms Total: 6
Appliances: Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
Laundry Features: Washer Hookup, Dryer Hookup, In Unit
Flooring: Tile, Vinyl

Building And Construction

Property Type: Residential Income
Property Sub Type: Multi Family
Property Sub Type Additional: Multi Family
Building Area Total: 3,749 sqft
Year Built: 1936
Levels: One
Number Of Units Total: 6
Stories: 1
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.31
Lot Size Square Feet: 13,504 sqft

Provisional

MLS #: 1105527
Listing Terms: Cash, Conventional
Number Of Buildings: 2
Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
Total Actual Rent: 8495

Area And Schools

City: Albuquerque
Postal Code: 87106
MLS Area Major: UNM South
Subdivision: Terrace Add
County: Bernalillo
Parcel Number: 101505717917630909

Utilities

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

Location

Loading map...

Directions: From I-25, take the Avenida Cesar Chavez exit and head east. Turn left (north) on University Blvd SE, then right (east) on Coal Ave SE. Turn left on Spruce St SE; the property is located at 511 Spruce St SE on the west side of the street.

Mortgage Calculator

$
$
%
Monthly Payment**:
** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Browse Similar Homes in Albuquerque

Properties for Sale Similar to 511 Spruce Street SE, Albuquerque, NM

1606 Roma Avenue NE, Albuquerque

$890,000

6 bds • 6 ba • 3,978 sqft

1606 Roma Avenue NE, Albuquerque, 87106
807 8th Street NW, Albuquerque

$990,000

5 bds • 5 ba • 3,600 sqft

807 8th Street NW, Albuquerque, 87102
1321 15th Street NW, Albuquerque 3d tour link

$950,000

10 bds • 5 ba • 4,100 sqft

1321 15th Street NW, Albuquerque, 87104
325 San Andres Avenue NW, Albuquerque

$559,000

7 bds • 5 ba • 3,632 sqft

325 San Andres Avenue NW, Albuquerque, 87107
426 Towner Avenue NW, Albuquerque

$565,000

6 bds • 6 ba • 3,191 sqft

426 Towner Avenue NW, Albuquerque, 87102
315 Rio Grande Boulevard NW, Albuquerque

$590,000

4 bds • 5 ba • 3,495 sqft

315 Rio Grande Boulevard NW, Albuquerque, 87104
3609 Wellesley Drive NE, Albuquerque 3d tour link

$641,829

8 bds • 4 ba • 4,194 sqft

3609 Wellesley Drive NE, Albuquerque, 87107
1237 Menaul Boulevard NW, Albuquerque

$562,500

8 bds • 4 ba • 3,400 sqft

1237 Menaul Boulevard NW, Albuquerque, 87107
528 Alvarado Drive SE, Albuquerque

$469,000

8 bds • 4 ba • 3,640 sqft

528 Alvarado Drive SE, Albuquerque, 87108
907 Coal Avenue SW, Albuquerque

$530,000

7 bds • 4 ba • 3,135 sqft

907 Coal Avenue SW, Albuquerque, 87102
635 Mesilla Street SE, Albuquerque

$798,456

8 bds • 8 ba • 2,688 sqft

635 Mesilla Street SE, Albuquerque, 87108
12404 Rosemont Avenue NE, Albuquerque 3d tour link

$444,444

6 bds • 6 ba • 3,700 sqft

12404 Rosemont Avenue NE, Albuquerque, 87112

New Homes for Sale in Albuquerque Area

View All
915 Country Club Drive SE APT H, Rio Rancho

$220,000

2 bds • 2 ba • 1,157 sqft

915 Country Club Drive SE APT H, Rio Rancho, 87124
3360 Dijamant Loop SE, Rio Rancho

$404,990

3 bds • 2 ba • 1,519 sqft

3360 Dijamant Loop SE, Rio Rancho, 87124
24 Jennifer Street, Los Lunas

$249,000

3 bds • 2 ba • 1,444 sqft

24 Jennifer Street, Los Lunas, 87031
1330 Tierra Verde Loop NW, Los Lunas

$312,500

3 bds • 2 ba • 1,132 sqft

1330 Tierra Verde Loop NW, Los Lunas, 87031
10700 Griffith Park Drive NE, Albuquerque

$269,000

2 bds • 2 ba • 1,140 sqft

10700 Griffith Park Drive NE, Albuquerque, 87123
600 Alcalde Place SW 6C, Albuquerque

$450,000

3 bds • 2 ba • 2,251 sqft

600 Alcalde Place SW 6C, Albuquerque, 87104
514 Villa Verde Drive SE, Rio Rancho

$425,000

4 bds • 3 ba • 1,951 sqft

514 Villa Verde Drive SE, Rio Rancho, 87124
721 10th Avenue NE, Rio Rancho

$689,000

4 bds • 4 ba • 2,644 sqft

721 10th Avenue NE, Rio Rancho, 87124
Listing courtesy of NAI SunVista Commercial RE
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