2104 Lead Avenue
Albuquerque, NM 87106
1
Bed
2
Bath
2,670Sqft
0.16Acre(Lot)
This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 1Bathroom Information
Total Baths: 2 -
Flooring Information
Vinyl -
Interior Features
Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Ductless
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Building Information
Year Built: 1936 Building Area Total: 2670 Construction Materials: Frame, Stucco Stories: 3 Private Pool: No
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Lot Information
Lot Size Acres: 0.16 Lot Size Source: Public Records Lot Size Square Feet: 7013Property Information
Subdivision: Buena Vista Heights Add Source Property Type: Residential Income Postal Code Plus 4: 4070 Zoning Description: R-T* Property SubType: Multi Family Levels: Three Or More Property Age: 90
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Listing Price Information
Listing Price: $619887 Cash, Conventional
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Tax Information
Parcel Number: 101505747717341720 Annual Tax: $1940.58 Tax Legal Desc: Lot 2 Block 4 Buena Vista Heights Addn
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Utility Information
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: From I-25 and Coal east to Yale, north to Lead, west to property.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1005 Carlisle Boulevard, Albuquerque, NM, 87106 | $527,500 | 2 | 2 | 2,640 | 2,640 SqFt |
| 3518 Eastern Avenue, Albuquerque, NM, 87106 | $300,000 | 2 | 2 | 1,282 | 1,282 SqFt |
| 502 Vassar Drive, Albuquerque, NM, 87106 | $495,000 | 6 | 3 | 2,457 | 2,457 SqFt |
| 1809 Girard Boulevard, Albuquerque, NM, 87106 | $547,931 | 8 | 15 | 3,100 | 3,100 SqFt |
| 2130 Coal Avenue, Albuquerque, NM, 87106 | $540,000 | 2 | 1 | 2,592 | 2,592 SqFt |
| 1612 Gold Avenue, Albuquerque, NM, 87106 | $600,000 | 5 | 5 | 2,564 | 2,564 SqFt |
| 1209 Doctor Martin Luth.., Albuquerque, NM, 87106 | $1,195,000 | 2 | 2 | 8,451 | 8,451 SqFt |
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ByOwner last updated this listing 06/15/2026 @ 12:19
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