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Jolene Martinez

jolene@yourkey2close.com +1(505) 310-7302

Listed by Realty One of New Mexico

$ 539,900

Est. payment -/mo

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1116 Nakomis DR NE Albuquerque, NM 87112

7 Beds

5 Baths

3,458 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,458 sqft

Price per Sqft $156

Subdivision Unit 3 Panorama Heights

MLS Listing ID 1110663

Bedrooms 7

Construction Status Resale

HOA Y/N No

Year Built 1979

Annual Tax Amount $3,059

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

Rare Northeast Albuquerque fourplex offering the kind of upside investors want without the heavy renovation budget. This well-kept property shows very little deferred maintenance, allowing a new owner to focus on operations and long-term income rather than immediately pouring capital into the property. One-year leases are currently in place, while existing rents are collectively approximately 34% below estimated market rents, creating meaningful future income and value-add potential.Major property components have been well maintained, including a parking lot repaved in 2025, roofs estimated at approximately 10 years old, and a water heater estimated at approximately 10 years old. Additional features include each unit has its own storage room, mature, well-kept landscaping, vinyl thermal double-pane windows, and a combination of vinyl plank and carpet flooring.Unit A stands out as a spacious 3-bedroom residence with its own washer and dryer, while the remaining three units have access to a convenient common laundry room.Located in an established Northeast Albuquerque neighborhood near shopping, dining, public transit, employment corridors and the Sandia Foothills, this property offers the combination of location, existing income and future upside that can be difficult to find.This is not a renovation-heavy value-add project. It is an opportunity to acquire a stabilized, well-maintained fourplex with relatively low entry CAPEX and build long-term income by improving operations and capturing the existing rent gap over time. A strong buy-and-hold opportunity for an investor looking for durable Albuquerque real estate with room to grow.

Location

State NM

County Bernalillo

Area 50 - Northeast Heights

Interior

Heating Forced Air, Wall Furnace

Cooling Evaporative Cooling

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Dryer, Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer

Laundry Washer Hookup, Dryer Hookup, In Unit

Exterior

Exterior Feature Sprinkler/ Irrigation

Community Features Laundry Facilities, Storage Facilities

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 102205840014541562

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Jolene Martinez

Broker License ID: REC-2025-0397

+1(505) 310-7302

Jolene Martinez

1116 Nakomis DR NE Albuquerque, NM 87112

Key Details

Location

Interior

Exterior

Building

Others

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1116 Nakomis DR NE