BEDS8
BATHS
SQUARE FEET3,267
MLS#1107598
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPark Add
Property Description
This four-unit apartment building offers a strong investment opportunity with a 9.48% cap rate at full asking price. The property features three residential 2 bed, 1 bath units, and one residential 3 bed, 1 bath unit. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. The roof was replaced in December of 2025. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Heating: Central
Lot Size: 0.19 Acres
Stories: 1.0
Taxes: $1,817
Year Built: 1963
Feature Descriptions
Appliances: Refrigerator
Days on Site: 3
Flooring: See Remarks
Parcel#: 101805646844412213
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: Keyway Properties, Inc
Agency Phone: (505) 903-2040
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 828-1000
Estimate Your Payment
Estimated Payment
$ 1,133.14 per month $867.97 Principal & Interest $151.42 Property Tax $113.75 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Casey Landis
From our very first call, Casey Landis impressed us with his in- depth market knowledge and sincere interest in our family's unique needs and timeline. At our first meeting, he presented a thorough market analysis and a well-crafted strategy that clearly stood out from other agents. Relocating across the country complicated our situation, but Casey went above and beyond by managing details, connecting us with trusted resources, and ensuring our home stayed show-ready and secure. His steady communication, expert guidance, and dedication helped ease our stress and resulted in a successful sale that met all our goals. We wholeheartedly recommend Casey to anyone seeking a knowledgeable,
trustworthy, and committed realtor.
— Gregory Howell
— Gregory Howell
508 Indiana Street Se | MLS# 1107598
This multi-family property located at 508 Indiana Street Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $390,000. Search Albuquerque real estate on www.cblegacy.com today.