Active

1315 Madeira Drive

Albuquerque, NM 87108
Mark as Favorite
Bed 3

Bed

Bath 2

Bath

SqFt3,233

Sqft

Acres0.20

Acre(Lot)

This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire an amazing fourplex that was built by the same engineer/ developer who built the Trestle. What is the Trestle? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history.This fourplex is part of a larger 16 units (4 x fourplexes) community that was developed by Dr. Carl Baum as his primary residence while he worked at Kirtland Air Force Base.Dr. Baum was known as a world recognized expert on electromagnetic pulse phenomena. He designed and built this portfolio of apartments to be closer to work and model his lifestyle after h is work ethic.Beyond this Property's rich history, residents love the upgraded & properly loaded 2 bedroom 1 bath floor plans with quality updates, solid surface flooring throughout, modern fixtures, full size washer / dryers in a separate utility closets, big courtyard spaces, and large & updated kitchens with all appliances -including dishwashers.Measures of investment performance include: at ask price of $522,720, $130,650 per unit, $138.87/sf, 6.92% before reserves CAP rate, a 6.75% after reserves cap rate, and an after tax IRR of 19.2%.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $522,720

AD Id : 88531059

MLS Id : 1108087

Beds : 3

Lot Size : 0.20 Acre

Living Area Size : 3,233

Year Built : 1980

County : Bernalillo

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2
  • Flooring Information

    Vinyl
  • Interior Features

    Appliances: Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Evaporative Cooling

  • Building Information

    Year Built: 1980 Building Area Total: 3233 Construction Materials: Block, Frame, Stucco Stories: 1 Private Pool: No

  • Lot Information

    Lot Size Acres: 0.2 Lot Size Source: Public Records Lot Size Square Feet: 8581

    Property Information

    Subdivision: Summary Plat Tract B Virginia Place Add Source Property Type: Residential Income Postal Code Plus 4: 4649 Zoning Description: MX-M* Property SubType: Quadruplex Levels: One Property Age: 46

  • Listing Price Information

    Listing Price: $522720 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 101805605504330208 Annual Tax: $3387.04 Tax Legal Desc: B-4 26 Summary Plat Tract B Virginia Place Addn

  • Parking Information

    Parking Total: 6

  • Utility Information

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

    Direction: From Gibson and I-25 east to Madeira and north to property.
Sell a home like this and save $30,864 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

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
209 Texas Street, Albuquerque, NM, 87108 $349,900 7 4 2,650 2,650 SqFt
325 Tennessee Street, Albuquerque, NM, 87108 $299,900 6 3 2,304 2,304 SqFt
513 Utah Street, Albuquerque, NM, 87108 $225,000 2 1 1,536 1,536 SqFt
433 Mesilla & 437 (4 Lo.., Albuquerque, NM, 87108 $2,323,232 3 2 14,688 14,688 SqFt
633 Grove Street, Albuquerque, NM, 87108 $250,000 2 2 --
636 San Pablo Street, Albuquerque, NM, 87108 $245,499 2 2 1,242 1,242 SqFt
613 Mesilla Street, Albuquerque, NM, 87108 $1,397,298 14 14 6,408 6,408 SqFt
635 Mesilla Street, Albuquerque, NM, 87108 $798,456 8 8 2,688 2,688 SqFt
416 Kentucky Street, Albuquerque, NM, 87108 $249,900 4 3 1,584 1,584 SqFt

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 07/30/2026 @ 07:27

MLS: 1108087 LISTED BY: Todd Clarke, NM Apartment Advisors, Inc. 505-440-8633 SOURCE: Southwest MLS (Greater Albuquerque Association of REALTORS)

Homes around $522,720

Selling? Save $30,864 when you sell a home like this

Tour with a ByOwner Agent