$420,000
Listed on Sep 5, 2026
4 bds · 2 ba · 3,136 sqft
536 Palomas Drive SE, Albuquerque, 87108
Call/text
(505) 521 8550
us for more information
517 PALOMAS Drive SE
Albuquerque, NM 87108
This property is not for sale.
Sold on 10.14.2025 for $425,000
2
Beds
1
Bath
3,080
SqFt Home
1
Story
1963
Year Built
6,534
SqFt Lot
About this property
4 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and can be sold together for a combined $900,000. Consist of 2B/1B x2… Show more
4 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and can be sold together for a combined $900,000. Consist of 2B/1B x2 units & 1B/1B x2 units. This well-maintained 4-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. With one unit currently vacant, investors have the option to capture immediate upside at market rent or to leverage a house-hack model by occupying a unit while collecting income from the others.
Property details for 517 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, ElectricDryer Hookup, In Unit
Flooring:
Tile
Exterior and lot
Lot Size Acres:
0.15
Lot Size:
6,534 sqft
Exterior Features:
Lighting
Parking Total:
4
Building and construction
Property Type:
Residential Income
Property Sub Type:
Quadruplex
Property Sub Type Additional:
Quadruplex
Building Area Total:
3,080 sqft
Year Built:
1963
Construction Materials:
Brick, Brick Veneer
Levels:
One
Number Of Units Total:
4
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1091367
Gross Income:
58800
Listing Terms:
Cash, Conventional, FHA, VA Loan
Number Of Buildings:
1
Occupant Type:
Owner
Operating Expense:
17155
Owner Pays:
Sewer, Trash Collection, Water
Tenant Pays:
Electricity, Gas
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
County:
Bernalillo
Parcel Number:
101805608950522708
Community:
Southeast Albuquerque
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling, Ceiling Fan(s)
Heating:
Central, Forced Air
Heating (Y/N):
Yes
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517 PALOMAS Drive SE Albuquerque, NM 87108 listed as MLS #1091367.
This 2 bedroom 3,080 sqft Residential Income built in 1963 located in Albuquerque NM 87108.
517 PALOMAS Drive SE was sold for $425,000 as MLS #1091367.
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.
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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.
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