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Listed price in listed location currency (USD).
$619,887

120

MLS® 1104393

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2670 sqft
Garage 
Taxes $1,941
Days Active 0
Lot Size 
Approx. Age 1936
Avg. Price Per Sqft $232
MLS® Number 1104393

Property Address: 2104 Lead Ave Se, Albuquerque, NM, 87106-4070

Average square foot calculated using Size range provided by listing agent.

Description

This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619, 887 and with average rent at $750 include a price per sf of $232, a price per unit of $77, 846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.
MLS® Number1104393
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1936
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 29, 2026List Date
$619,887List Price
  • Commute

Commute

Starting Address
Destination Address
2104 Lead Ave Se, Albuquerque, NM

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