INVEST WHERE LOCATION AND LAYOUT WORK HARD FOR YOU AT 305 GROVE. This 4-plex offers strong income potential with 4 well designed 2 bedroom 1 bath units that are easy to maintain and easy to rent. Mixture of upstairs and downstairs units, durable flooring with no carpet, and simple upkeep that keeps expenses predictable. Tenants will love convenient parking, proximity to the fairgrounds and quick access to nearby amenities. Community laundry room ready with cash-less washer/dryer! Whether you are expanding a portfolio or starting one, this property delivers practicality, location, and opportunity. Schedule your showing today and secure your next income producing asset! Inquire about the opportunity to buy with 301 Grove!
For sale
$370,000
305 Grove St NE, Albuquerque, NM 87108
8beds
4baths
3,070sqft
Est.:
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$121/sqft
$-- HOA
What's special
Convenient parking
- 16 hours |
- 109 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 01:12pm
Listed by:
Elevated Edge Real Estate Group 505-907-9799,
Keller Williams Realty 505-271-8200,
Kara Winter McCord 505-907-9799,
Keller Williams Realty
Source: SWMLS,MLS#: 1095762
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Gas Range, Refrigerator, Range Hood
Features
- Flooring: Carpet Free, Tile
- Has basement: No
Interior area
- Total structure area: 3,070
- Total interior livable area: 3,070 sqft
Property
Parking
- Total spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Size: 6,969.6 Square Feet
Details
- Parcel number: 101905719021132521
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Stucco, Wood Siding
Condition
- Resale
- New construction: No
- Year built: 1979
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Deck/Porch, Laundry Facilities
- Security: Complex Fenced
- Subdivision: Loma Verde Subd
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $252,700
- Annual tax amount: $3,553
- Date on market: 12/16/2025
- Listing terms: Cash,Conventional,VA Loan
- Tenant pays: Electricity, Gas, Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$1,445/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/16/2025 | Listed for sale | $370,000+13.8%$121/sqft |
Source:  SWMLS #1095762 Report a problem | ||
| 5/31/2023 | Sold | -- |
Source: SWMLS #1031323 Report a problem | ||
| 3/26/2023 | Pending sale | $325,000$106/sqft |
Source: SWMLS #1031323 Report a problem | ||
| 3/22/2023 | Listed for sale | $325,000+77.1%$106/sqft |
Source: SWMLS #1031323 Report a problem | ||
| 9/7/2018 | Sold | -- |
Source: SWMLS #924280 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,554 +55.4% | $84,225 +57.4% |
| 2023 | $2,286 +3.5% | $53,501 +3% |
| 2022 | $2,209 +3.5% | $51,943 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,179/mo
Principal & interest
$1796
Property taxes
$253
Home insurance
$130
Climate risks
Neighborhood: La Mesa
Nearby schools
GreatSchools rating
- 4/10La Mesa Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 5/10Hayes Middle SchoolGrades: 6-8Distance: 0.9 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1.6 mi
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