1 month on rocket

508 Alcazar St SE, Albuquerque, NM, 87108

$375,000

Home List Price

$4,453*

Closing Credit

2 Bedrooms
1 Bath
2,870 SqFt
$131/SqFt
Multi

Location

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508 Alcazar St SE, Albuquerque$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1945
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1069385
Lot Size0.16 Acres
StatusActive

About 508 Alcazar St SE

Incredible investment opportunity for this one story 4 unit property. Each unit is 2 bedrooms 1 bath with exceptional but improvable rents. 1 off street parking for each tenant plus on street parking. Current HUD guidelines have rents from $900-1144 for a 2/1. All units separately metered for electric and gas (tenant pays). Owner pays water, sewer, trash. The property is gated with a low maintenance yard. Call for lease information. Avg rent of $837.50 and $93,750 per unit $130.66 per sq/ft. Minimal expenses with current cap rate of 7.5%.

Property Details

Property Features

Property Information:

  • Year Built: 1945
  • Stories: 1
  • Living Area: 2,870 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (505) 897-1100
  • Listing Agent: Carlos Martinez

Interior Features

Interior Information:

  • Appliances: Gas Range
  • Basement: No
  • Flooring Type: Tile

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: Louisiana Blvd South to Bell. East on Bell to Alcazar. South on Alcazar to property on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000
  • Price Per SqFt: $131/SqFt

Tax Information:

  • Annual Amount: $1,489
  • 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

508 Alcazar St SE vs Albuquerque

53 DAYS ON ROCKET

+20 Days

$375,000

+$30.9K More

$131/SqFt

-$74 Less

KEY TAKEAWAY

This property is $30.9K more than the Median Sold Price and $74/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: #1069385

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (505) 897-1100
  • Listing Agent: Carlos Martinez

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: 11/23/2024, 11:55:47 PM 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$1,489$34,722
2019$1,394$33,712
2018$1,392$32,730
2017$1,392$32,730

History based on county public records data.

Payment Calculator

$1,939

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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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-1026023
2
/10

  • Emerson Elementary School

  • 620 Georgia St SE

  • 0.30 miles

  • Public District Grades PK-5

school-card-donut-1026024
3
/10

  • La Mesa Elementary School

  • 7500 Copper Ave NE

  • 0.68 miles

  • Public District Grades PK-5

school-card-donut-1026025
1
/10

  • Wherry Elementary School

  • Bldg 25000th Kafb East

  • 0.94 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,857. Most Albuquerque, NM residents have annual incomes less than $35k. 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

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87108›508 Alcazar St SE

This home is located at 508 Alcazar St SE in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This 2,870 square foot home, which was built in 1945, sits on a 0.16 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $375,000.

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. The inventory of homes for sale in Albuquerque, NM between September 2024 and October 2024 decreased by 8.2%. Listings spent 33 days on the market in October 2024, and had a median list price of $344,019 during the same period.

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

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