14 days on rocket

1108 Lead Ave SW, Albuquerque, NM, 87102

$650,000

Home List Price

$7,719*

Closing Credit

1 Bedroom
1 Bath
1,994 SqFt
$326/SqFt
Multi

Location

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1108 Lead Ave SW, Albuquerque$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1952
HeatingDuctless, Wall Furnace
CoolingDuctless, Multi Unit(s), Central Air, Ceiling Fan(s)
MLS #1068613
Lot Size0.16 Acres
StatusActive

About 1108 Lead Ave SW

Amazing Downtown 4-Plex Oasis in our Zia sun. Amazing performance history as an investment on airbnb, and also has long term rentals potential. The property has a 3 yr TPO roof, split systems installed in each unit(4-5yrs old), hardwood floors throughout, a couple updated bathrooms, private fenced yards, electric and gas metered separately, 1 meter for water. Close proximity to Old Town, Bosque Trails, hospitals and a short commute to UNM, CNM, local restaurants and downtown nightlife entertainment.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Stories: 1
  • Living Area: 1,994 SqFt

Listing Office:

  • Office Name: Helix Real Estate Group
  • Office Phone: (505) 401-5424
  • Listing Agent: Joel J Sanchez

Interior Features

Interior Information:

  • Appliances: Gas Range, Refrigerator
  • Basement: No
  • Flooring Type: Vinyl, Wood
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Landscaping, Lighting, Patio

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Ductless, Wall Furnace
  • Cooling: Ductless, Multi Unit(s), Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Albuquerque High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Washington Middle School, Public District Grades 6-8
  • Coronado Elementary School, Public District Grades KG-5
  • Lew Wallace Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From Central Blvd and 8th St, head south for 3 blocks on 8th st, then turn right on Lead Blvd, go west for another 3 blocks, the property will be on your left hand side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
  • Price Per SqFt: $326/SqFt
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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

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Albuquerque, NM

City

Med. Sold Price

$340.2K

Med. Price/SqFt

$203

Avg. Days On Market

24

# of Sold Homes

581

1108 Lead Ave SW vs Albuquerque

14 DAYS ON ROCKET

-10 Days

$650,000

+$309.7K More

$326/SqFt

+$122 More

KEY TAKEAWAY

This property is $309.7K more than the Median Sold Price and $122/SqFt more than other homes in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1068613

Listing Office:

  • Office Name: Helix Real Estate Group
  • Office Phone: (505) 401-5424
  • Listing Agent: Joel J Sanchez

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/20/2024, 10:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-151434
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-151435
5
/10

  • Lew Wallace Elementary School

  • 513 6th St NW

  • 0.67 miles

  • Public District Grades KG-5

Middle School

school-card-donut-151436
4
/10

  • Washington Middle School

  • 1101 Park Ave SW

  • 0.26 miles

  • Public District Grades 6-8

High School

school-card-donut-151437
5
/10

  • Albuquerque High School

  • 800 Odelia Rd NE

  • 1.75 miles

  • Public District Grades 9-12

school-card-donut-151438
6
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 5.58 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,931. Residents of Albuquerque, NM typically earn less than $35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87102›1108 Lead Ave SW

This home is located at 1108 Lead Ave SW in Albuquerque, NM and zip code 87102 in the Raynolds Addition neighborhood. This 1,994 square foot home, which was built in 1952, sits on a 0.16 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $650,000.

While more than 144 listings in Albuquerque, NM in August 2024 were sold above asking price, there were more than 205 listings sold at asking price, and more than 232 were sold below. Between July 2024 and August 2024, Albuquerque, NM real estate market has seen decrease in the number of listings by 10.9%. In August 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $340,290.

From Rocket Homes Real Estate and based on county public records data.

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