1515 8 th Street Albuquerque, NM
$ 732,707
Property Attributes
  • MLS#933520
  • TypeMulti-Family
  • CityAlbuquerque
  • AreaDowntown Area
  • NeighborhoodAlbright Moore Add
  • Zip87102
  • Style9 or More Units
  • Year Built1920
  • Taxes1494
  • Price$ 732,707
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage8640
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

NM Apartment Advisors is very excited to bring to market twelve-plex at 1515 8th NW, located in Downtown Albuquerque, this property has a high walk (65), bike (76), and transit (57) scores.The property's is walking distance Albuquerque's museum corridor, Tiguex Park and Old town and biking distance to the central business district.At the ask price of $732,707 and an average rent of $593, the measure of investment performance include a GRM of 8.59, a CAP rate of 6.25%, a price per unit of $61,059 a price per square foot of $84.80 a before tax IRR of 23.40% and an after tax IRR of 19.50%.If rents were raised to market of $643, the measure of investment performance improve to a cap rate of 7.40%. These townhouse style units are all two bedrooms and one bathroom that includes w

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
12/5/2018 Listed $649,500

General Features

Age 41 - 50
Amenities Wshr/Dryr HU in Unit
Area 80 - Downtown Area
Builder Unknown
Construction Frame
Days on Market 4
Finance Considered Conventional
Legal Description Lot 1-6, Block 14 Albright Moore Addition
Number of Units 12.00
Property SubType 9 or More Units
Property Type C
Rental Info Other - See Remarks
Stories 2.0
Subdivision Albright Moore Add
Tenant Pays Other - See Remarks
Year Built 1920
Zoning R-1A*

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling Evaporative
Flooring Carpet, Tile, Wood
Heating Gas
Utilities All City

Exterior Features

Acres 0.11
Disability Access Unknown
Exterior Material Stucco


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87102

AVG $480K
AVG $2,606
AVG 53
Year Built
AVG 1928

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