$800,000
Listed on Sep 4, 2026
6 bds · 3 ba · 6,400 sqft
401 & 405 Indiana Street SE, Albuquerque, 87108
Call/text
(505) 521 8550
us for more information
517-521 PALOMAS Drive SE
Albuquerque, NM 87108
This property is not for sale.
Sold on 10.14.2025 for $850,000
2
Beds
1
Bath
6,080
SqFt Home
1
Story
1963
Year Built
13,230
SqFt Lot
About this property
8 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and must be sold together for a combined $900,000. Consist of 2B/1B… Show more
8 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and must be sold together for a combined $900,000. Consist of 2B/1B x4 units & 1B/1B x4 units. This well-maintained 8-unit portfolio is located in a strong rental area and features low-maintenance brick construction with secured gated parking. Units have been updated with new appliances, in-unit washers and dryers, fresh paint, upgraded plumbing, new furnaces, a swamp cooler, enhanced security gates, and a 2017 roof. Fully occupied with strong rent roll and additional upside through future lease-up at market rates.
Property details for 517-521 PALOMAS Drive SE
Interior
Bathrooms Total:
1
Interior Features:
Ceiling Fan(s)
Appliances:
Dryer, Disposal, Refrigerator, Range Hood, Washer
Laundry Features:
Washer Hookup, Dryer Hookup, In Unit
Flooring:
Tile
Exterior and lot
Lot Size Acres:
0.3
Lot Size:
13,230 sqft
Exterior Features:
Lighting, Patio
Patio And Porch Features:
Patio
Parking Total:
9
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Building Area Total:
6,080 sqft
Year Built:
1963
Construction Materials:
Brick, Brick Veneer
Levels:
One
Number Of Units Total:
9
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1090425
Gross Income:
108000
Listing Terms:
Cash, Conventional
Number Of Buildings:
2
Operating Expense:
31500
Owner Pays:
Other, See Remarks, Trash Collection, Water
Tenant Pays:
Electricity, Gas
Area and schools
Community Features:
Patio
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
County:
Bernalillo
Parcel Number:
101805608950522708
Community:
Southeast Albuquerque
Utilities
Utilities:
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Cooling:
Evaporative Cooling, Ceiling Fan(s)
Heating:
Central, Forced Air
Heating (Y/N):
Yes
Homes for sale similar to 517-521 PALOMAS Drive SE
$1,000,000
Listed on Jul 14, 2025
7 bds · 4 ba · 5,603 sqft
313 Iron Avenue SW, Albuquerque, 87102
$740,831
Listed on Jun 29, 2026
3 bds · 3 ba · 4,300 sqft
6720 Cochiti Road SE, Albuquerque, 87108
$1,739,530
Listed on May 21, 2026
1 bds · 2 ba · 6,090 sqft
1008 Alvarado Drive SE, Albuquerque, 87108
Homes recently sold near 517-521 PALOMAS Drive SE
517-521 PALOMAS Drive SE Albuquerque, NM 87108 listed as MLS #1090425.
This 2 bedroom 6,080 sqft Residential Income built in 1963 located in Albuquerque NM 87108.
517-521 PALOMAS Drive SE was sold for $850,000 as MLS #1090425.
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 517-521 PALOMAS Drive SE, Albuquerque, NM 87108
Southeast Albuquerque homes for sale
Southeast Albuquerque recent home sales
Albuquerque Homes for sale in zip code 87108
Albuquerque Homes recently sold in zip code 87108
Connect with a real estate agent today — Call/text (505) 521 8550
About Southeast Albuquerque
Southeast Albuquerque is one of the city's four address quadrants, covering everything south of Central Avenue and east of the BNSF railway tracks. It runs from the university district and Nob Hill out past the Sunport and Kirtland Air Force Base to the foothills at Four Hills.
Read about Southeast Albuquerque Community.Connect with a local Southeast Albuquerque real estate agent
Call/text
(505) 521 8550
