Rare opportunity to own this 9 unit property just a few blocks from UNM campus. Situated on 3 lots, this property consists of 5 separate buildings, one of which could be used for storage. Addresses include 407 Yale, 409 Yale, 2129, 2131 & 2137 Coal SE. This property features a mix of 2 bedroom and 1 bedroom units which bring in excellent rents.
Property Details
Property Features
Property Information:
Year Built: 1925
Stories: 1
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (505) 271-8200
Listing Agent: The Schuster Team
Interior Features
Interior Information:
Appliances: Electric Range, Refrigerator
Basement: No
Flooring Type: Wood
Bedroom and Bathroom Information:
Total Bedroom Count: 1
Lot Features
Lot Information:
Lot Size: 0.51 Acres
Utilities
Utilities Information:
Heating: Floor Furnace
Cooling: Evaporative Cooling
Other
Directions Information:
Directions: NW Corner of Yale & Coal
Price Information
Listing Price Info
Price Summary:
List Price: $995,000
Tax Information:
Annual Amount: $2,605
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 $650.2K more 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: #1070142
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (505) 271-8200
Listing Agent: The Schuster Team
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.
$5,034
Per Month
Principal & Interest
$4,967
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
$3,050
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
6
/10
Monte Vista Elementary School
3211 Monte Vista Blvd NE
Distance between this listing and this school0.85 miles
Public District Grades KG-5
6
/10
Bandelier Elementary School
3309 Pershing Ave SE
Distance between this listing and this school0.89 miles
Public District Grades KG-5
3
/10
Lowell Elementary School
1700 Sunshine Ter SE
Distance between this listing and this school0.91 miles
Public District Grades KG-5
Nearby Schools
4
/10
Jefferson Middle School
712 Girard Blvd NE
Distance between this listing and this school1.06 miles
Public District Grades 6-8
6
/10
Cien Aguas International
2000 Randolph Rd SE
Distance between this listing and this school1.52 miles
Public Charter Grades KG-8
8
/10
South Valley Preparatory
2551 Karsten Ct SE
Distance between this listing and this school1.72 miles
Public Charter Grades 6-8
Nearby Schools
8
/10
College and Career High School
525 Buena Vista Dr SE
Distance between this listing and this school0.14 miles
Public District Grades 9-12
9
/10
Albuquerque Institute of Math & Science
933 Bradbury Dr SE
Distance between this listing and this school0.68 miles
Public Charter Grades 6-12
8
/10
Mission Achievement and Success 1.0
1718 Yale Blvd SE
Distance between this listing and this school0.87 miles
The neighbors living near this home have an average income of $25,921. The most common annual income of people living in Albuquerque, NM is less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
This home is located at 405 Yale Blvd SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. This home, which was built in 1925, sits on a 0.51 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since September 07, 2024 and is currently priced at $995,000.
In November 2024, from all listings sold in Albuquerque, NM there were more than 86 sold above asking price, over 225 sold below and more than 127 were sold right at the asked price. The number of homes for sale in Albuquerque, NM decreased by 14.7% between October 2024 and November 2024. In November 2024 median list price was $344,759 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.