508 Indiana ST SE, Albuquerque, NM 87108
Listed by Keyway Properties, Inc
$390,000
Est. payment /mo
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8 Beds
4 Baths
3,267 SqFt
Pending

508 Indiana ST SE Albuquerque, NM 87108

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Brad Leigh Patton

Brad Leigh Patton

+1(505) 917-5133

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,267 sqft

Price per Sqft $119

Subdivision Park Add

MLS Listing ID 1107598

Bedrooms 8

Construction Status Resale

HOA Y/N No

Year Built 1963

Annual Tax Amount $1,817

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

This four-unit apartment building offers a strong investment opportunity with a 9.48% cap rate at full asking price. The property features three residential 2 bed, 1 bath units, and one residential 3 bed, 1 bath unit. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. The roof was replaced in December of 2025. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Central

Cooling None

Flooring See Remarks

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101805646844412213

Acceptable Financing Cash, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, FHA, VA Loan

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

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Brad Leigh Patton

Brad Leigh Patton

Broker Associate | License ID: 52414

+1(505) 917-5133

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508 Indiana ST SE