The adjacent lot is ready for new development, with all utilities on-site or nearby. Ideal for building a townhome or duplex, it's close to museums, breweries, and restaurants with easy I-40 access. Together, this package offers immediate and future income opportunities, making it the ultimate value for investors seeking cash flow and long-term growth potential. Maximize your investment with this unbeatable value combo! Own a fully upgraded early 1900s farmhouse and an adjacent buildable lot in Downtown Albuquerque's vibrant Wells Park. The farmhouse delivers both charm and income, featuring two separate, consistently rented units with modern systems and finishes alongside historic character. Ample gated parking, including space for RVs, adds rental appeal. Don't miss out!
Property Details
Property Features
Listing Office:
Office Name: Equity New Mexico
Office Phone: (505) 271-2228
Listing Agent: Trung D Doan
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Other
Directions Information:
Directions: Directions: Take the 6th St exit from I-40, Go South on 6th St. Turn East on Kinley. Property is on corner of Kinley and 5th St.
Price Information
Listing Price Info
Price Summary:
List Price: $180,000
Tax Information:
Annual Amount: $780
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Albuquerque, NM.
This property is $164K less than the Median Sold Price in Albuquerque, NM.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: SWMLS
MLS Number: #1073113
Listing Office:
Office Name: Equity New Mexico
Office Phone: (505) 271-2228
Listing Agent: Trung D Doan
The 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$966
Per Month
Principal & Interest
$899
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$606
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Lew Wallace Elementary School
513 6th St NW
Distance between this listing and this school0.61 miles
Public District Grades KG-5
3
/10
Longfellow Dual Language Magnet Elementary School
400 Edith Blvd NE
Distance between this listing and this school1.00 miles
Public District Grades KG-5
6
/10
Coronado Elementary School
601 4th St SW
Distance between this listing and this school1.33 miles
Public District Grades KG-5
Nearby Schools
4
/10
Washington Middle School
1101 Park Ave SW
Distance between this listing and this school1.06 miles
Public District Grades 6-8
4
/10
Garfield STEM Magnet & Community School Middle School
3501 6th St NW
Distance between this listing and this school1.36 miles
Public District Grades 6-8
4
/10
Jefferson Middle School
712 Girard Blvd NE
Distance between this listing and this school2.27 miles
Public District Grades 6-8
Nearby Schools
1
/10
Ace Leadership High School
1240 Bellamah Ave NW
Distance between this listing and this school0.60 miles
Public Charter Grades 9-12
4
/10
Native American Community Academy
1000 Indian School Rd NW
Distance between this listing and this school0.70 miles
Public Charter Grades KG-12
5
/10
Albuquerque High School
800 Odelia Rd NE
Distance between this listing and this school0.84 miles
The neighbors living near this home have an average income of $23,125. Residents of Albuquerque, NM typically earn less than $35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1405 5th St NW
What is the listing price of this property?
The listing price of 1405 5th St NW property is $180,000.
What type of property is this?
The property 1405 5th St NW is land located in Albuquerque, New Mexico, 87102.
Is this property for sale now?
Active Listing: 1405 5th St NW is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $780 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1405 5th St NW in Albuquerque, NM and zip code 87102 in the Northwest Albuquerque neighborhood. This home sits on a 0.17 acre lot. It has been listed on Rocket Homes since October 27, 2024 and is currently priced at $180,000.
In October 2024, from all listings sold in Albuquerque, NM there were more than 94 sold above asking price, over 288 sold below and more than 148 were sold right at the asked price. In October 2024 in Albuquerque, NM there were 8.2% less homes for sale than in September 2024. In October 2024 median list price was $344,019 and the average listing age was 33 days.
From Rocket Homes Real Estate and based on county public records data.
The 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. 
Pro Boxing
Pro Boxing
Tennis
Major League Soccer (MLS)
IKEA
Crate & Barrel
Banana Republic
Quiznos
Starbucks
Jack In The Box
Lexus
BMW
Toyota
Soft Adult Contemporary
News
Jazz