3 Units
1 Floors
$1,208 average rent/unit
$370,000
301 Tennessee Street SE
Albuquerque, NM 87108
3 Units
1 Floors
$1,208 average rent/unit
$370,000
301 Tennessee Street SE
Albuquerque, NM 87108
List Price/SqFt
186.59
Built in
1964
Property size
1983 square ft.
Property type
Multi-Family
Occupancy
100%
CAP RATE
8.77
Overview
Affordable Housing - 100% Occupied & Cash Flow
Welcome to this well-maintained, fully occupied tri-plex located in the heart of Albuquerque. This affordable housing property offers a fantastic investment opportunity with positive cash flow for the current owners. The property consists of:
2 Units: 1 Bedroom, 1 Bath
1 Unit: 2 Bedrooms, 1 Bath
Each unit is updated and maintained in good condition, offering clean & comfortable living spaces for tenants.
Recent improvements include:
Newer Coolers: Installed within the last 2 seasons for reliable cooling
Roof: re-shingled in 2024
The property is clean and well-kept, providing a hassle-free investment.
Next Door Opportunity: The tri-plex at 305 Tennessee St is also available & not currently listed.
NO Creative Finance.
Interior
Exterior
Overview
Affordable Housing - 100% Occupied & Cash Flow
Welcome to this well-maintained, fully occupied tri-plex located in the heart of Albuquerque. This affordable housing property offers a fantastic investment opportunity with positive cash flow for the current owners. The property consists of:
2 Units: 1 Bedroom, 1 Bath
1 Unit: 2 Bedrooms, 1 Bath
Each unit is updated and maintained in good condition, offering clean & comfortable living spaces for tenants.
Recent improvements include:
Newer Coolers: Installed within the last 2 seasons for reliable cooling
Roof: re-shingled in 2024
The property is clean and well-kept, providing a hassle-free investment.
Next Door Opportunity: The tri-plex at 305 Tennessee St is also available & not currently listed.
NO Creative Finance.
Interior
Exterior
Location
301 Tennessee Street SE
Albuquerque, NM 87108
CUSTOM JAVASCRIPT / HTML
JOSHUA CHRISTENSEN
Qualifying Broker
Location
301 Tennessee Street SE
Albuquerque, NM 87108
CUSTOM JAVASCRIPT / HTML
JOSHUA CHRISTENSEN
Qualifying Broker
Direct Number: (505) 250 - 1944
Email:Â joshua@christensenproperties.com
Listing Details
DOM: 87
List Price/SqFt:Â 186.59
Current Price:Â $370,000
Bank Owned: No
County: Bernalillo
MLS Area Major: 71 - Southeast Heights
Zip +4: 4479
Zone Atlas: L19
# of Units: 3
Property Sub-Type: Triplex
SqFt Source: Professional
Acres: 0.16
Directions: Louisiana to Bell - East on Bell - North on Tennessee - building on the west side of road at turn.
Total # of Buildings: 1
​Accessory Dwelling Unit: No
​LBP Disclosure: Yes
Owner Occupant Unit: No
5+ Units: No
Living Area: 1,983
Lot Size Source: On-Line
Lot SqFt: 6,969.6
Stories: 1
Year Built: 1964
Disability Access: Unknown
Builder: Unknown
Flood Zone: X
Prop Specific Rmrks
Affordable Housing - 100% Occupied & Cash Flow
Welcome to this well-maintained, fully occupied tri-plex located in the heart of Albuquerque. This affordable housing property offers a fantastic investment opportunity with positive cash flow for the current owners. The property consists of:
2 Units: 1 Bedroom, 1 Bath
1 Unit: 2 Bedrooms, 1 Bath
Each unit is updated and maintained in good condition, offering clean & comfortable living spaces for tenants.
Recent improvements include:
Newer Coolers: Installed within the last 2 seasons for reliable cooling
Roof: re-shingled in 2024
The property is clean and well-kept, providing a hassle-free investment.
Next Door Opportunity: The tri-plex at 305 Tennessee St is also available & not currently listed.
​​NO Creative Finance.
Actual Rent
1151
Approx. SqFt
570
# Baths | Bedrooms
1 | 1
Market Rent
1250
Max Rent
1206
Total Units
2
Actual Rent
1322
Approx. SqFt
844
# Baths | Bedrooms
1 | 2
Market Rent
1375
Max Rent
1322
Total Units
1
City County Data
UPC Code: 101905633050211608
Tax Legal Info
GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 1,431.82
Construction Materials
Brick Veneer, Other
Build Description
Resale
Amenities
Outside Lights, Tenant Storage
Appliances included
Frestnd Elec Stv/Ovn, Frestnd Gas Stv/Ovn, Range Hood, Refrigerator
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Heating
Wall Unit
Cooling
Centrally Ducted: Yes
Evaporative Cooling: Yes
Flooring
Tile
Basement
Basement: No
Green Energy Generation
None
Electric Provider
Public Utility
Income Expenses
Annual Gross Income: 41,325
Operating Expenses: 8,887
Metering
Individual Electric, Individual Gas
Operating Expenses
Call Listing Broker
Owner Pays
Some Utilities, Water
Tenant Pays
Some Utilities
Parking
Other Parking
Roof
Pitched, Shingle
Rental Info
Call Listing Broker
Sales Info
Trade/Xch Considered: No
Finance Considered
Cash, Conventional, FHA, VA
# of Unit Types (1)
# of Units: 2
# Baths: 1
Actual Rent: 1151
Market Rent: 1250
# of Bedrooms: 1
Approx. SqFt: 570
Max Rent: 1206
# of Unit Types (2)
# of Units: 1
# Baths: 1
Actual Rent: 1322
Market Rent: 1375
# of Bedrooms: 2
Approx. SqFt: 844
Max Rent: 1322
Unit Summary
Total Units: 3
Average Actual Rent: 1,208
Total Actual Rent: 3,624
Average Unit Size: 661.33
Annualized: 43,488
Zoning
R-ML*
Listing Details
# of Units: 3
Property Sub-Type: Triplex
SqFt Source: Professional
Acres: 0.16
Directions: Louisiana to Bell - East on Bell - North on Tennessee - building on the west side of road at turn.
Total # of Buildings: 1
​Accessory Dwelling Unit: No
​LBP Disclosure: Yes
Owner Occupant Unit: No
5+ Units: No
Living Area: 1,983
Lot Size Source: On-Line
Lot SqFt: 6,969.6
Stories: 1
Year Built: 1964
Disability Access: Unknown
Builder: Unknown
Flood Zone: X
Prop Specific Rmrks
Affordable Housing - 100% Occupied & Cash Flow
Welcome to this well-maintained, fully occupied tri-plex located in the heart of Albuquerque. This affordable housing property offers a fantastic investment opportunity with positive cash flow for the current owners. The property consists of:
2 Units: 1 Bedroom, 1 Bath
1 Unit: 2 Bedrooms, 1 Bath
Each unit is updated and maintained in good condition, offering clean & comfortable living spaces for tenants.
Recent improvements include:
Newer Coolers: Installed within the last 2 seasons for reliable cooling
Roof: re-shingled in 2024
The property is clean and well-kept, providing a hassle-free investment.
Next Door Opportunity: The tri-plex at 305 Tennessee St is also available & not currently listed.
​NO Creative Finance.
City County Data
UPC Code: 101905633050211608
Tax Legal Info
GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 1,431.82
Construction Materials
Brick Veneer, Other
Build Description
Resale
Amenities
Outside Lights, Tenant Storage
Appliances included
Frestnd Elec Stv/Ovn, Frestnd Gas Stv/Ovn, Range Hood, Refrigerator
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Heating
Wall Unit
Cooling
Centrally Ducted: Yes
Evaporative Cooling: Yes
Flooring
Tile
Basement
Basement: No
Green Energy Generation
None
Electric Provider
Public Utility
Income Expenses
Annual Gross Income: 41,325
Operating Expenses: 8,887
Metering
Individual Electric, Individual Gas
Operating Expenses
Call Listing Broker
Owner Pays
Some Utilities, Water
Tenant Pays
Some Utilities
Parking
Other Parking
Roof
Pitched, Shingle
Rental Info
Call Listing Broker
Sales Info
Trade/Xch Considered: No
Finance Considered
Cash, Conventional, FHA, VA
# of Unit Types (1)
# of Units: 2
# Baths: 1
Actual Rent: 1151
Market Rent: 1250
# of Bedrooms: 1
Approx. SqFt: 570
Max Rent: 1206
# of Unit Types (2)
# of Units: 1
# Baths: 1
Actual Rent: 1322
Market Rent: 1375
# of Bedrooms: 2
Approx. SqFt: 844
Max Rent: 1322
Unit Summary
Total Units: 3
Average Actual Rent: 1,208
Total Actual Rent: 3,624
Average Unit Size: 661.33
Annualized: 43,488
Zoning
R-ML*
Documents
(C) 2025 Joshua Christensen, Qualifying Broker | NMREC 20522 | Realty One of NM | 505-883-9400
(C) 2025 Joshua Christensen, Qualifying Broker | NMREC 20522 | Realty One of NM | 505-883-9400