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1116 Nakomis Drive

Albuquerque, NM 87112
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Bed 7

Bed

Bath 5

Bath

SqFt3,458

Sqft

Acres0.26

Acre(Lot)

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 do uble-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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $539,900

AD Id : 91117792

MLS Id : 1110663

Beds : 7

Lot Size : 0.26 Acre

Living Area Size : 3,458

Tax Amount : 3059.66

Year Built : 1979

County : Bernalillo

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 5
  • Flooring Information

    Carpet, Tile, Vinyl
  • Interior Features

    Appliances: Dryer, Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer Laundry Features: Laundry Room, Washer Hookup, In Unit, Common Area
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Wall Furnace Has Cooling: Yes Cooling: Evaporative Cooling

  • Building Information

    Year Built: 1979 Building Area Total: 3458 Construction Materials: Frame, Stucco Stories: 1 Private Pool: No

  • Lot Information

    Lot Size Acres: 0.26 Lot Size Source: Public Records Lot Size Square Feet: 11456

    Property Information

    Subdivision: Unit 3 Panorama Heights Source Property Type: Residential Income Postal Code Plus 4: 6063 Zoning Description: PD* Property SubType: Multi Family Levels: One Property Age: 47

  • Listing Price Information

    Listing Price: $539900 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 102205840014541562 Annual Tax: $3059.66

  • Utility Information

    Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: Indian School to Constitution. South on Constitution, follow the curve around to Nakomis. South on Nakomis. Property is on the South East Corner of Mountain & Nakomis. Driveway on Mountain.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2905 Palo Verde Drive, Albuquerque, NM, 87112 $625,000 7 4 3,400 0.19 Acre
11009 Towner Avenue, Albuquerque, NM, 87112 $479,900 6 4 3,080 0.14 Acre
2612 Eubank Boulevard, Albuquerque, NM, 87112 $339,000 4 2 1,610 0.19 Acre

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.

ByOwner last updated this listing 09/11/2026 @ 05:22

MLS: 1110663 LISTED BY: Joshua Christensen, Realty One of New Mexico 505-883-9400 SOURCE: Southwest MLS (Greater Albuquerque Association of REALTORS)

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