511 Spruce Street SE

511 Spruce Street SE, Albuquerque, NM 87106

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Property Information

  • For Sale $850,000
  • Property Type Multi-Family
  • Property Size 3,749 SF
  • Units 6
  • Lot Size 0.31 Acre
  • Cap Rate % 7.28
  • Zoning R-T
  • Date Updated Jun 19, 2026

Description

  • 100% occupied with established in-place cash flow
  • Four Fully Furnished Units
  • 5 completely renovated units
  • Renovations include: New roofs, new heating and cooling systems, exterior paint/stucco, new appliances, flooring, and paint
  • Unit Mix Supports Diverse Rental Demand
  • Strong historical occupancyand income performance as fully furnished rentals
  • Strong Historical Occupancy
  • Close proximity to UNM & Presbyterian Hospitals, UNM & CNM campuses, Kirtland Air Force Base and Downtown Workforce

Contacts

Location

Located at 511 Spruce Street SE, Albuquerque, NM 87106, this property is part of the Sycamore neighborhood and Albuquerque market.

  • 61/100 Somewhat Walkable
  • 44/100 Some Transit
  • 65/100 Bikeable
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