8 Units
2 Floors
$1,031.25 average rent/unit
8 Units
2 Floors
$1,031.25 average rent/unit
$790,000
502-504 Utah St NE
Albuquerque, NM 87108
List Price/SqFt: 141.07
Built In: 1979
Property Size: 5,600 sqft.
Property Type: Multi-Family
Occupancy: 2 Vacant
Cap Rate: 8.77
Overview
Mesa Verde 8-plex featuring two solid four-unit buildings, each offering spacious 2-bedroom apartments in a high-demand rental area. Strong value-add potential through light updates and rent optimization.
Well-maintained and ideal for investors seeking stable, long-term cash flow while providing quality, affordable housing for the community. A proven location known for consistent occupancy and reliable performance—this property is ready to reward thoughtful ownership.
This 8-plex is available with a larger portfolio of 22 units. Owner financing is NOT available on this property.
Interior
Exterior
Overview
Mesa Verde 8-plex featuring two solid four-unit buildings, each offering spacious 2-bedroom apartments in a high-demand rental area. Strong value-add potential through light updates and rent optimization.
Well-maintained and ideal for investors seeking stable, long-term cash flow while providing quality, affordable housing for the community. A proven location known for consistent occupancy and reliable performance—this property is ready to reward thoughtful ownership.
This 8plex is available with a larger portfolio of 22 units.
Interior
Exterior
Location
502-504 Utah St NE
Albuquerque, NM 87108
CUSTOM JAVASCRIPT / HTML
JOSHUA CHRISTENSEN
Qualifying Broker
Direct Number: (505) 250 - 1944
Location
502-504 Utah St NE
Albuquerque, NM 87108
CUSTOM JAVASCRIPT / HTML
JOSHUA CHRISTENSEN
Qualifying Broker
Direct Number: (505) 250 - 1944
Listing Details
- DOM: 0
- List Price/SqFt: 141.07
- Current Price: $790,000
- County: Bernalillo
- MLS Area Major: 70 - Fairgrounds
- Zip +4: 4219
- Zone Atlas: K19
- # of Units: 8
- 5+ Units: Yes
- Units for Sale: 8
- Property Sub-Type: 8 Units
- Living Area: 5,600
- SqFt Source: Floor Plan
- Lot Size Source: On-Line
- Acres: 0.14
- Lot SqFt: 6,098
- Directions: Wyoming to Marquette, West on Marquette to Utah. South on Utah to propert on East side of street.
- Stories: 2
- Total # of Buildings: 2
- Year Built: 1979
- Year Built Source: Public Records
- Accessory Dwelling Unit: No
- Disability Access: Unknown
- LBP Disclosure: No
- Builder: Unknown
- Owner Occupant Unit: No
- Flood Zone: X
Prop Specific Rmrks
Mesa Verde 8-plex featuring two solid four-unit buildings, each offering spacious 2-bedroom apartments in a high-demand rental area. Strong value-add potential through light updates and rent optimization.
Part of a portfolio of 22 units - Utah can sell with the portfolio or just the 8 units on Utah. NO Owner Financing Available.
Well-maintained and ideal for investors seeking stable, long-term cash flow while providing quality, affordable housing for the community. A proven location known for consistent occupancy and reliable performance—this property is ready to reward thoughtful ownership.
CityCounty Data
UPC Code: 1-019-057-427-335-1-05-38
Tax Legal Info
GRT Code: 02-100
Tax Annual Amount: 9,678
Tax Exemption: Unknown
Construction Materials
Frame, Stucco
Build Description
Resale
Amenities
Ceiling Fan(s), Enclosed Yard, Laundry Community, Private Patios
Appliances included
Frestnd Gas Stv/Ovn, Range Hood, Refrigerator
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Heating
Central Forced Air
Cooling
Centrally Ducted: Yes
Evaporative Cooling: Yes
Flooring
Tile, Vinyl
Basement
Basement: No
Green Energy Generation
None
Electric Provider
Public Utility
Income Expenses
Annual Gross Income: 99,000
Operating Expenses: 23,738
Metering
Individual Electric, Individual Gas
Operating Expenses
Insurance, Property Taxes, Repairs/Maintenance
Owner Pays
Sewer, Trash Removal, Water
Tenant Pays
Electric, Gas
Parking
Paved Lot
Roof
TPO (G)
Rental Info
Call Listing Broker
Sales Info
Trade/Xch Considered: No
Finance Considered
Cash, Conventional, FHA, VA
# of Unit Types (1)
# of Units: 8
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Market Rent: 1200
Max Rent: 1100
Actual Rent: 1035
Unit Summary
Total Units: 8
Average Unit Size: 700
Average Actual Rent: 1,035
Total Actual Rent: 8,280
Annualized: 99,360
Zoning
R-ML*
Listing Details
- # of Units: 8
- 5+ Units: Yes
- Units for Sale: 8
- Property Sub-Type: 8 Units
- Living Area: 5,600
- SqFt Source: Floor Plan
- Lot Size Source: On-Line
- Acres: 0.14
- Lot SqFt: 6,098
- Directions: Wyoming to Marquette, West on Marquette to Utah. South on Utah to propert on East side of street.
- Stories: 2
- Total # of Buildings: 2
- Year Built: 1979
- Year Built Source: Public Records
- Accessory Dwelling Unit: No
- Disability Access: Unknown
- LBP Disclosure: No
- Builder: Unknown
- Owner Occupant Unit: No
- Flood Zone: X
Prop Specific Rmrks
Mesa Verde 8-plex featuring two solid four-unit buildings, each offering spacious 2-bedroom apartments in a high-demand rental area. Strong value-add potential through light updates and rent optimization.
Part of a portfolio of 22 units - Utah can sell with the portfolio or just the 8 units on Utah. NO Owner Financing Available.
Well-maintained and ideal for investors seeking stable, long-term cash flow while providing quality, affordable housing for the community. A proven location known for consistent occupancy and reliable performance—this property is ready to reward thoughtful ownership.
- CityCounty Data
UPC Code: 1-019-057-427-335-1-05-38
- Tax Legal Info
GRT Code: 02-100
Tax Annual Amount: 9,678
Tax Exemption: Unknown
- Construction Materials
Frame, Stucco
- Build Description
Resale
- Amenities
Ceiling Fan(s), Enclosed Yard, Laundry Community, Private Patios
- Appliances included
Frestnd Gas Stv/Ovn, Range Hood, Refrigerator
- Utilities
Electricity Connected, Natural Gas Connected, Water Connected
- Heating
Central Forced Air
- Cooling
Centrally Ducted: Yes
Evaporative Cooling: Yes
- Flooring
Tile, Vinyl
- Basement
Basement: No
- Green Energy Generation
None
- Electric Provider
Public Utility
- Income Expenses
Annual Gross Income: 99,000
Operating Expenses: 23,738
- Metering
Individual Electric, Individual Gas
- Operating Expenses
Insurance, Property Taxes, Repairs/Maintenance
- Owner Pays
Sewer, Trash Removal, Water
- Tenant Pays
Electric, Gas
- Parking
Paved Lot
- Roof
TPO (G)
- Rental Info
Call Listing Broker
- Sales Info
Trade/Xch Considered: No
- Finance Considered
Cash, Conventional, FHA, VA
- # of Unit Types (1)
# of Units: 8
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Market Rent: 1200
Max Rent: 1100
Actual Rent: 1035
- Unit Summary
Total Units: 8
Average Unit Size: 700
Average Actual Rent: 1,035
Total Actual Rent: 8,280
Annualized: 99,360
- Zoning
R-ML*
Documents
TOP Albuquerque Realtors®
(C) 2025 Joshua Christensen, Qualifying Broker | NMREC 20522 | Realty One of NM | 505-883-9400
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