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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

    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!

    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#: 1085343MLS Logo

    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