$425,000

517 PALOMAS Drive SE, Albuquerque, NM 87108

2 beds |
1 bath |
3,080 sqft

Multi-Family Home
Built in 1963
6,534sqft lot
—— car garage
$138/sqft
Listed 1 month ago

Property Description

4 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and can be sold together for a combined $900,000. Consist of 2B/1B x2 units & 1B/1B x2 units. This well-maintained 4-unit portfolio is located in a strong rental area and features low-maintenance brick construction with secured gated parking. Units have been updated with new appliances, in-unit washers and dryers, fresh paint, upgraded plumbing, new furnaces, a swamp cooler, enhanced security gates, and a 2017 roof. With one unit currently vacant, investors have the option to capture immediate upside at market rent or to leverage a house-hack model by occupying a unit while collecting income from the others.

Listing Status:: Active
Date Added:: September 13, 2025 at 05:00AM
Listing Office:: Congress Realty, Inc : (888) 881-4118
Listing Agent:: Jared Andrew English : (888) 881-4118
MLS ID:: 1091367

General: Ceiling Fan(s)
Appliances: DryerDisposalRefrigeratorRange HoodWasher
Laundry: Washer HookupDryer HookupElectricDryer HookupIn Unit
Flooring: Tile
A/C: Evaporative CoolingCeiling Fan(s)
Heating: CentralForced Air
Disability Feature: None
Eco/Green Feature: None

General: Lighting
Parking: Parking spaces: 4

General: BrickBrick Veneer1

Originating MLS: SWMLS_SWMLS
County: Bernalillo

Zoning: 101805608950522708

Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Source: SWMLS_SWMLS

This listing courtesy of Jared Andrew English, Congress Realty, Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Highland Autism Center

220 Monroe SW, Albuquerque, NM, 87108

Grades PK-12

0.51 miles away

Highland Autism Center

220 Monroe SW, Albuquerque, NM, 87108

Grades PK-12

0.51 miles away

Highland Autism Center

220 Monroe SW, Albuquerque, NM, 87108

Grades PK-12

0.51 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.