Corrales / 87048 / 217 General Stilwell Street NE
217 General Stilwell Street NE

217 General Stilwell Street NE

Corrales, NM 87048

$425,155
7 bd • 4 ba • 3,200 sqft • 0.17 acres
1 Story
Stories
$133
Per SQFT
1975
Year Built
08/20/2026
Listing Date
1109537
Listing #
87048
Zip Code

About This Property

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, providing convenient access to thousands of jobs in defense, technology, engineering and research. The area also benefits from proximity to Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurantsand public transportation. Albuquerque continues to experience significant public and private investment, with expansion from Netflix, Meta, Intel, Amazon and other major employers strengthening the metro's economy and supporting continued housing demand. Priced below the market average for comparable fourplex sales, 217 General Stilwell offers investors an attractive basis, strongemployment fundamentals and long-term potential for appreciation and rent growth. Don't miss this opportunity to acquire a well-positioned multifamily investment in one of Albuquerque's established rental corridors. With a start price of $425,155 and an average rent of $918 the metrics of investment performance are a GRM 9.65, 7.28% caprate, IRR after tax 14.5%. This is the type of property that feels more like housing than apartments -- a feature many residents value.

Interior

Bathrooms Total: 4
Appliances: Free-Standing Gas Range, Refrigerator
Flooring: Carpet, Laminate

Exterior And Lot

Lot Size Acres: 0.17
Lot Size Square Feet: 7492
Exterior Features: Patio
Patio And Porch Features: Patio

Building And Construction

Property Type: Residential Income
Property Sub Type: Quadruplex
Property Sub Type Additional: Quadruplex
Building Area Total: 3,200 sqft
Year Built: 1975
Construction Materials: Stucco
New Construction: No
Levels: One
Number Of Units Total: 4
Stories: 1
Property Condition: Resale

Provisional

MLS #: 1109537
Gross Income: 41818
Listing Terms: Cash, Conventional, FHA, VA Loan
Number Of Buildings: 1
Occupant Type: Owner
Operating Expense: 11779
Owner Pays: Trash Collection, Water
Tenant Pays: Electricity, Gas
Total Actual Rent: 3650

Area And Schools

Community Features: Patio
City: Corrales
Postal Code: 87048
MLS Area Major: Northeast Heights
Subdivision: Waggoman Denison Addition
County: Bernalillo
Parcel Number: 102005711109231029

Utilities

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

Location

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Directions: From Wyoming And Lomas South To Copper. East To General Stillwell. South To Property. Do Not Disturb Tenants. No Sign On Property.

Mortgage Calculator

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Listing courtesy of Maestas Real Estate Services
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