9 months on rocket

134 Rhode Island St SE, Albuquerque, NM, 87108

$493,710

Home List Price

$5,863*

Closing Credit

2 Bedrooms
1 Bath
3,126 SqFt
$158/SqFt
Multi

Location

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134 Rhode Island St SE, Albuquerque$493,710

Buyer Closing Credits

$5,863*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1980
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1056948
Lot Size0.16 Acres
StatusActive

About 134 Rhode Island St SE

Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns. Seller financing for an investor is available with a 12.5% down payment.This fourplex contains two bedroom one bathroom units that are renting at $1,247. Each renovated unit has washers/dryers and the belong to the owner and convey with the property.At the current average rents of $1,247, and an ask price of $493,710 the measures of investment performance include a price per unit of $123,427, price per square foot of $157.49, a GRM of 8.25, an after reserves cap rate of 6.65%.

Property Details

Property Features

Property Information:

  • Year Built: 1980
  • Stories: 2
  • Living Area: 3,126 SqFt

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Tile, Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: From I-40 and Louisiana, south to Central Blvd/Route 66, east to Rhode Island, south to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $493,710
  • Price Per SqFt: $158/SqFt

Tax Information:

  • Annual Amount: $1,731
  • Tax Year: 2020
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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

$344K

Med. Price/SqFt

$204

Avg. Days On Market

33

# of Sold Homes

530

134 Rhode Island St SE vs Albuquerque

282 DAYS ON ROCKET

+249 Days

$493,710

+$149.6K More

$158/SqFt

-$47 Less

KEY TAKEAWAY

This property is $149.6K more than the Median Sold Price and $47/SqFt less than other homes in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1056948

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

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: 11/18/2024, 4:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,731$40,359
2019$1,620$39,183
2018$1,680$40,688
2017$1,680$39,504

History based on county public records data.

Payment Calculator

$2,532

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,547

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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.

Nearby Schools

school-card-donut-661985
3
/10

  • La Mesa Elementary School

  • 7500 Copper Ave NE

  • 0.51 miles

  • Public District Grades PK-5

school-card-donut-661986
2
/10

  • Emerson Elementary School

  • 620 Georgia St SE

  • 0.86 miles

  • Public District Grades PK-5

school-card-donut-661987
4
/10

  • Sandia Base Elementary School

  • 21001 Wyoming SE Kafb East

  • 0.89 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,167. Most Albuquerque, NM residents have annual incomes less than $35k. Typical family type is single, no kids. 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›87108›134 Rhode Island St SE

This home is located at 134 Rhode Island St SE in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This 3,126 square foot home, which was built in 1980, sits on a 0.16 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 10, 2024 and is currently priced at $493,710.

Albuquerque, NM housing market in October 2024 saw over 94 listings sold above listed price, more than 148 sold at listed price and over 288 sold below. The number of listings in Albuquerque, NM decreased by 8.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 33 days, the median list price was $344,019.

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

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