Discover this updated, low-maintenance income producing property! An ideal opportunity for both first-time & seasoned investors. This well-maintained asset offers a desirable unit mix, featuring (3) 1-bedroom/1-bath units (Units A, B & C), & a spacious 3-bedroom/2-bath unit (Unit D) complete with a detached 1-car garage. In 2020, the owner completed upgrades to ensure long-term value & energy efficiency, including: Mini-split heating & refrigerated air systems in all units, Upgraded electrical service, pro-panel metal roof, Fresh stucco, dual-pane windows, perimeter fencing & landscaping. Units A & D have been fully remodeled with tasteful, modern interiors. Units B & C are occupied by long-term tenants & currently rented below market value, offering potential for future rental growth!
Sold on 07/23/25
Price Unknown
1036 Madeira Dr SE, Albuquerque, NM 87108
6beds
5baths
2,865sqft
Quadruplex, Multi Family
Built in 1960
-- sqft lot
$385,300 Zestimate®
$--/sqft
$2,380 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 11:48am
Listed by:
Jonathan M Ortiz 505-363-8451,
Southwest Elite Real Estate,
Andrea A Romero 505-610-6481,
Southwest Elite Real Estate
Bought with:
Jonathan M Ortiz, 44118
Southwest Elite Real Estate
Source: SWMLS,MLS#: 1085343

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Ductless
Cooling
- Multi Units, Refrigerated
Appliances
- Included: Free-Standing Electric Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Laminate, Tile, Wood
- Has basement: No
Interior area
- Total structure area: 2,865
- Total interior livable area: 2,865 sqft
Property
Parking
- Total spaces: 8
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
Lot
- Size: 8,276 sqft
Details
- Parcel number: 101805607520632201
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: None
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Security
- Security features: Security Gate
Location
- Region: Albuquerque
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Services availability
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Estimated market value
$385,300