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For sale
  • Price increase: $362.5K (7/19)
    $816,000

    530 Tennessee St NE, Albuquerque, NM 87108

    2beds
    1baths
    7,184sqft
    : 
    Multi Family
    Built in 1985
    -- sqft lot
    $768,700 Zestimate®
    $114/sqft
    $-- HOA

    What's special

    Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. With an ask price of the current average rents of $1,050, and an ask price of $816,000 the measures of investment performance include a price per unit of $102,000, price per square foot of $113.59, a GRM of 8.30, an after reserves cap rate of 7.05%.If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 9.20%.Although each fourplex is on it's own lot, the owner has a strong preference to sell both buildings together at the same time.Do not miss out on an opportunity to acquire a well built fourplex in one of the strongest rental markets in the country.
    20 days
    on Zillow
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    237
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    20
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    Zillow last checked: 7 hours ago

    Listing updated: July 21, 2025 at 09:30am

    Listed by:

    Todd D Clarke 505-440-8633,

    NM Apartment Advisors, Inc. 505-440-8633

    Source: SWMLS,MLS#: 1088162MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 530 Tennessee St NE.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    Heating
    • Central, Forced Air
    Cooling
    • Evaporative Cooling
    Appliances
    • Included: Refrigerator
    Features
    • Flooring: Vinyl
    • Has basement: No
    Interior area
    • Total structure area: 7,184
    • Total interior livable area: 7,184 sqft
    Video & virtual tour

    Property

    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.3 Acres
    Details
    • Has additional parcels: Yes
    • Parcel number: 101905736137010331
    • Zoning description: R-ML*

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Stucco
    Condition
    • Resale
    • New construction: No
    • Year built: 1985

    Utilities & green energy

    • Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
    Green energy
    • Energy generation: None

    Community & HOA

    Community
    • Subdivision: Mesa Verde Addition
    Location
    • Region: Albuquerque

    Financial & listing details

    • Price per square foot: $114/sqft
    • Tax assessed value: $251,938
    • Annual tax amount: $7,066
    • Date on market: 7/19/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Other, See Remarks
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