1200 Ortiz Drive
Albuquerque, NM 87108
3
Bed
2
Bath
25,632Sqft
0.31Acre(Lot)
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 -
Flooring Information
Carpet, Vinyl -
Interior Features
Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Active Solar, Other Has Cooling: Yes Cooling: Other
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Building Information
Year Built: 1964 Building Area Total: 25632 Construction Materials: Block Stories: 1 Private Pool: No
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Lot Information
Lot Size Acres: 0.31 Lot Size Square Feet: 13503.6Property Information
Subdivision: Virginia Place Addition Source Property Type: Residential Income Zoning Description: R-MH* Property SubType: Multi Family Levels: One Property Age: 62
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Listing Price Information
Listing Price: $3965358 Cash, Conventional
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Tax Information
Parcel Number: 101805604219331411 Annual Tax: $3774.44 Tax Legal Desc: Lot A, Block 2 & Lot A & B, Block 10, Virginia Place Addition
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Parking Information
Parking Total: 47
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Utility Information
Cable Available, Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected -
Location Information
Direction: From I-25 and Gibson, east on Gibson past San Mateo, north on Ortiz to property.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 8600 Zuni Road, Albuquerque, NM, 87108 | $1,793,434 | 3 | 2 | 16,020 | 16,020 SqFt |
| 234 Texas Street, Albuquerque, NM, 87108 | $109,900 | 1 | 1 | 1,100 | 1,100 SqFt |
| 8013 Marquette Avenue, Albuquerque, NM, 87108 | $335,000 | 5 | 2 | 3,425 | 3,425 SqFt |
| 209 Texas Street, Albuquerque, NM, 87108 | $375,000 | 7 | 4 | 2,650 | 2,650 SqFt |
| 8009 Marquette Avenue, Albuquerque, NM, 87108 | $335,000 | 5 | 2 | 3,425 | 3,425 SqFt |
| 8005 Marquette Avenue, Albuquerque, NM, 87108 | $335,000 | 5 | 2 | 3,425 | 3,425 SqFt |
| 325 Tennessee Street, Albuquerque, NM, 87108 | $299,900 | 6 | 3 | 2,304 | 2,304 SqFt |
| 8001 Marquette Avenue, Albuquerque, NM, 87108 | $335,000 | 5 | 2 | 3,425 | 3,425 SqFt |
| 240 San Pablo Street, Albuquerque, NM, 87108 | $324,655 | 5 | 4 | 2,760 | 2,760 SqFt |
| 501-505 Mesilla Street, Albuquerque, NM, 87108 | $560,000 | 10 | 6 | -- |
Similar Multifamily To 1200 Ortiz Drive
Nearby For Sale
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ByOwner last updated this listing 06/10/2026 @ 21:46
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