Multifamily Commercial Real Estate in Albuquerque, New Mexico

Sunport Apartments

1301 Wellesley Dr SE, Albuquerque, NM 87106

• $4.5M
• 28,600 SF building
• 2 ac
• 7.95% cap rate

Subject: Amazing chance to own golf course frontage community and provide affordable housing - 80 units only $56k per unit and 8.35% cap rate Good Morning!On behalf of the owners, NM Apartment Advisors and Maestas Real Estate Services, we are pleased to bring to market 1301-1325 Wellesley SE, a well-located 80-unit community located in Albuquerque’s Southeast Heights.The property is strategically positioned near two of New Mexico’s largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, and the Max-Q development providing convenient access to thousands of jobs in defense, technology, engineering and research. The property also benefits from sitting on the eastern edge of the Puerta Del Sol Public golf course. With a start price of $4,500,000 the property is being marketed well below the 2023 appraisal of $5,490,000 using the BID process. With current average rents of $615 per unit, the metrics of investment performance include a 7.63 GRM, 8.35% cap rate, 9.06% cash on cash and an out of the universe IRR. Portions of the property have an affordable housing component, which may convey with the property.The 14-page marketing flyer can be viewed at http://www.nmapartment.com/apt/NMAA-Well1301SE.pdf Property offering timeline:- 10/21/2026 – noon – Wednesday - property tour (RSVP for each person required)- 10/22/2026 – noon – Thursday - offer deadline. Qualified investors can RSVP for the tour and access the confidential document center by completing the online confidentiality agreement at https://redirect.nmapartment.com/sunport . Buyers can determine the Seller’s concession to Buyer that can be used to pay for the Buyers broker by emailing compensation@nmapartment.com with the listing number NMAA-2687325 in the subject line. Do not miss out on this once on a generation opportunity to own a large, golf course fronting and affordable apartment investment.Anita MaestasMaestas Real Estate Services505-463-3565anita@maestasrealty.comAnd Todd Clarke CCIM CIPsCEONM Apartment Advisors Inc.(505) 440-TODD -Golf course frontage-Low affordable rents-Priced below 2023 appraisal

901 7th St NW

901 7th St NW, Albuquerque, NM 87102

• $414.7K
• 1,995 SF building
• 0 ac

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are pleased to present this charming downtown triplex. This property is located in Downtown Albuquerque, within walking distance to breweries, specialty coffee shops, restaurants, grocery stores, major bus routes, and the city's primary courthouses. Tucked behind a classic white picket fence, this unique triplex offers charm and character in a prime location just minutes from the energy of Downtown and Old Town Albuquerque. The main house is vacant and ready for an owner occupant - it contains a spacious one bedroom/ one bathroom unit with gleaming hardwood floors. Unit B is also a one bedroom with a large laundry room and Unit C has it's own yard space. Each unit includes washer/dryers. Disclosure: co-listing broker, Todd Clarke, has an ownership interest in the property. The same owner owns the property directly adjacent to the north--907 7th NW and intends to bring it to market Q4-2026 at $482,130. Savvy investors are using recent changes to the Federal Tax code to drive their effective tax rate close to 0%. Interested? Call Todd for more information or email for a PowerPoint/video case study.

3434 Thaxton SE

3434 Ross Ave SE, Albuquerque, NM 87106

• $1.1M
• 6,120 SF building
• 0 ac

1339 San Mateo Blvd SE

1339 San Mateo Blvd SE, Albuquerque, NM 87108

• $789.5K
• 0 ac

9-Unit Multifamily Investment OpportunityThe subject property is a 9-unit apartment community located at 1399–1333 San Mateo SE in Albuquerque, New Mexico. The asset has been meticulously maintained with substantial capital expenditures completed, resulting in a stabilized, turn-key investment with minimal deferred maintenance.This offering presents investors with the opportunity to acquire a low-risk, stabilized multifamily asset in one of Albuquerque’s fastest-appreciating apartment submarkets. With long-term, problem-free tenants and strong in-place operations, the property delivers immediate cash flow while offering organic rent growth upside driven by market fundamentals.This asset is well-suited for investors seeking stable income, downside protection, and long-term appreciation in a proven Albuquerque multifamily location. Location HighlightsPositioned west of San Mateo Boulevard, bordering established single-family neighborhoods and parksImmediate proximity to the Max Q redevelopment corridor, surrounded by new construction and major commercial investmentStrong rental demand supported by employment, retail, and infrastructure growthRecognized as one of the highest-growth areas for apartments in AlbuquerqueAsset Strengths9-unit apartment communityExtensive capital improvements completedLong-term, stable tenant baseLow operational complexity and maintenance burdenTurn-key acquisition with predictable performanceUpside PotentialBelow-market rents relative to surrounding redevelopmentAbility to achieve gradual rent growth upon turnover or renewalLong-term appreciation driven by continued submarket investment

414 Pine St SE

414 Pine St SE, Albuquerque, NM 87106

• $850K
• 0 ac

8-unit multifamily investment opportunity in one of Albuquerque's most consistently in-demand rental submarkets. Very close proximity to the University of New Mexico, CNM, and hospitals. Two separate 4-unit buildings on one lot, offering flexibility for phased renovation. Unit mix: two large 1BR/1BA, one 2BR/1BA, and five oversized studios. Ample off street parking, a rarity in this submarket. Proximity to UNM keeps occupancy resilient.

533 Valencia Dr SE

533 Valencia Dr SE, Albuquerque, NM 87108

• $331.6K
• 1,929 SF building
• 0 ac

Amazing owner occupant triplex or Owner Occupant – courtyard style housing - $331,592On behalf of the owners, NM Apartment Advisors and Maestas Rea Estate Services are pleased to present this gem of a triplex which includes well lit off street parking, private patios and an attractive shared colonnade courtyard.Located at 537 Valencia SE, this stunning community oozes charm with lush landscaping, brick sidewalks and is a community that is walking distance to multiple parks, retail establishments, and restaurants.This triplex offers off-street parking, private street-facing patio, a charming shared colonnade courtyard, Solatube tubular skylights for abundant natural light, and dedicated buried tool storage for each building. Each of the rear buildings includes buried tool/storage areas. These are accessed via a metal lid visible in the rear photos and provide convenient, secure storage for owners.The owner has made many recent improvements and upgrades including a new roof (2022), new driveways and sidewalks (2024). On the interior side, he has fully renovated Apartment 537 #3, which now includes a dedicated laundry room with built-in cabinetry. Apartment 533 #6 also has a laundry room along with updated kitchen cabinets. Apartment 537-#1 has a washer hookup in the kitchen, while Apartment 537 #2 offers a full washer/dryer hookup. Units 4 and 5 do not have in-unit laundry hookups.Current rents average $825, which leaves a long runway to increase value by raising rents closer to the market average of $975.The owner also owns the adjoining property at 533 Valencia SE which can be made available for $331,592.With a start price of $331,592 and an average rent of $825 the metrics of investment performance are a GRM 11.16, 6.11% cap rate, IRR after tax 11.7%.This is the type of property that feels more like housing than apartments — a feature many residents value.16 page flyer on the property can be viewed at http://www.nmapartment.com/apt/NMAA-Valencia533SE.pdfBuyers can discover the Seller's concession to Buyer, then can use to Buyer's broker by emailing compensation@nmapartment.com with NMAA-2686537 in the subject line.Do not miss out on this opportunity to be an owner occupant or investor in a market with strong job growth and a housing shortage from all of the new Netflix, Facebook/Meta, Amazon, Intel and other jobs. • Well lit off street parking, private patios and an attractive shared colonnade courtyard• Walking distance to multiple parks, retail establishments, and restaurants• Solatube tubular skylights for abundant natural light• Dedicated buried tool storage for each building• New roof (2022)• New driveways and sidewalks (2024)• Fully renovated Apartment 537 #3 with dedicated laundry room• Current rents average $825 with market average of $975• Strong job growth market with housing shortage from Netflix, Facebook/Meta, Amazon, Intel