1 year on rocket

421 Harvard Dr SE, Albuquerque, NM, 87106

$532,190

Home List Price

$6,320*

Closing Credit

1 Bedroom
1 Bath
1,856 SqFt
$287/SqFt
Multi

Location

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421 Harvard Dr SE, Albuquerque$532,190

Buyer Closing Credits

$6,320*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1925
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1040188
Lot Size0.16 Acres
StatusActive

About 421 Harvard Dr SE

Units are separately metered - gas and electric. Units A and B share a private, recently updated laundry room. 421 1/2 has its own washer / dryer. Residents love the romantic atmosphere and artisan work around every corner - stained glass accents, custom wood work, built-ins, Talavera tile, meandering pathways, and extensive garden areas. Top UNM market rents come easily with plenty of room for simple value add.Measures of investment performance at ask price of $532,190 and current average rent of $1,255 are a GRM of 12.14, a 5.89% cap rate, $177,397 per unit, 286/sf and an after tax IRR of 13.8%. Properties like this, in a market where amazing job growth from all of the new Netflix, Facebook, Intel and Amazon jobs, go quickly. Do not wait as you will be honored to own this one

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 1
  • Living Area: 1,856 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: Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Landscaping

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-25 and Coal, east to Harvard, south to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $532,190
  • Price Per SqFt: $287/SqFt

Tax Information:

  • Annual Amount: $2,150
  • 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

$346.1K

Med. Price/SqFt

$206

Avg. Days On Market

37

# of Sold Homes

497

421 Harvard Dr SE vs Albuquerque

498 DAYS ON ROCKET

+461 Days

$532,190

+$186K More

$287/SqFt

+$81 More

KEY TAKEAWAY

This property is $186K more than the Median Sold Price and $81/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: #1040188

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 © 2025 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: 1/3/2025, 3:20:50 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$2,150$56,128
2019$1,998$54,493
2018$1,929$52,907
2017$1,929$51,366

History based on county public records data.

Payment Calculator

$2,724

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,662

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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.

Nearby Schools

school-card-donut-88988
6
/10

  • Bandelier Elementary School

  • 3309 Pershing Ave SE

  • 0.80 miles

  • Public District Grades KG-5

school-card-donut-88989
3
/10

  • Lowell Elementary School

  • 1700 Sunshine Ter SE

  • 0.86 miles

  • Public District Grades KG-5

school-card-donut-88990
6
/10

  • Monte Vista Elementary School

  • 3211 Monte Vista Blvd NE

  • 0.86 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 $25,921. The majority of Albuquerque, NM residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87106›421 Harvard Dr SE

This home is located at 421 Harvard Dr SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. This 1,856 square foot home, which was built in 1925, sits on a 0.16 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 23, 2023 and is currently priced at $532,190.

Albuquerque, NM housing market in December 2024 saw over 82 listings sold above listed price, more than 139 sold at listed price and over 276 sold below. Between November 2024 and December 2024, Albuquerque, NM real estate market has seen decrease in the number of listings by 14.1%. Listings spent 37 days on the market in December 2024, and had a median list price of $346,164 during the same period.

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

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