1008 & 1024 Alvarado Dr. SE

1008 & 1024 Alvarado Dr. SE, Albuquerque, NM 87108

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Property Information

  • For Sale $3,400,000
  • Property Type Multi-Family
  • Property Size 14,450 SF
  • Units 43
  • Lot Size 0.87 Acre
  • Cap Rate % 5.89
  • Date Updated Jun 22, 2026

Description

  • Value-add through strong rental upside
  • Pro forma cap rate: 6.42%
  • Pro forma GRM: 8.5
  • 100% occupied as of March 2026
  • In-place rents estimated 14% below market-rate
  • Recent interior renovations completed on majority of units
  • Located in established Southeast Albuquerque rental corridor
  • Proximity to major employment centers, Kirtland AFB and I-25 access
  • Seller financing option available

1008 Alvarado

Multifamily For Sale

±6,090 SF on ±0.56 Acres

1024 Alvarado

Multifamily For Sale

±8,360 SF on ±0.31 Acres

Contacts

Location

Located at 1008 & 1024 Alvarado Dr. SE, Albuquerque, NM 87108, this property is part of the South San Pedro neighborhood and Albuquerque market.

  • 76/100 Very Walkable
  • 34/100 Some Transit
  • 78/100 Very Bikeable
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