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2104 Lead Avenue

Albuquerque, NM 87106
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Bed 1

Bed

Bath 2

Bath

SqFt2,670

Sqft

Acres0.16

Acre(Lot)

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality University area eight-plex to market.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. Located at 2104 Lead SE this eight unit community is property is walking distance to UNM and CNM, Smith's grocery store and dozens of restaurants, cafes, micro-breweries, & quality local retail--basically everything a young university student would need is close by!Start PriceThat start price is about the same as the average ABQ fourplex - metrics of investment performance at the ask price of $450,000 and with average rent at $750 include a price per sf of $169, a price per unit of $56,250, a GRM of 6.25, cap rate of 9.01% and an after-tax internal rate of return of 23.3%. If rents are raised to market average of $959, the measure of investment performance improve to a potential cap rate of 12.42%.BID Process/timelineThe property tour is noon on Tuesday, October 6th - register at (see flyer)(this also provide access to the confidential document center)Offer deadline is noon no Thursday, October 8th.

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Detail Ic Property Details

Property Type : Residential Income

Price : $450,000

AD Id : 79600220

MLS Id : 1104393

Beds : 1

Lot Size : 0.16 Acre

Living Area Size : 2,670

Tax Amount : 1940.58

Year Built : 1936

County : Bernalillo

Subdivision: None Available

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Feature Features

  • Bedroom Information

    Total beds: 1

    Bathroom Information

    Total Baths: 2
  • Flooring Information

    Vinyl
  • Interior Features

    Appliances: Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Ductless

  • Building Information

    Year Built: 1936 Building Area Total: 2670 Construction Materials: Frame, Stucco Stories: 3 Private Pool: No

  • Lot Information

    Lot Size Acres: 0.16 Lot Size Source: Public Records Lot Size Square Feet: 7013

    Property 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

  • Listing Price Information

    Listing Price: $450000 Original Price: $619887 Cash, Conventional

  • Tax Information

    Parcel Number: 101505747717341720 Annual Tax: $1940.58 Tax Legal Desc: Lot 2 Block 4 Buena Vista Heights Addn

  • 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.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1005 Carlisle Boulevard, Albuquerque, NM, 87106 $514,500 2 2 2,640 0.10 Acre
1003 Carlisle Boulevard, Albuquerque, NM, 87106 $479,995 4 3 2,156 0.18 Acre
1003-1005 Carlisle Boul.., Albuquerque, NM, 87106 $994,495 8 7 4,805 0.18 Acre
3518 Eastern Avenue, Albuquerque, NM, 87106 $295,000 2 2 1,282 0.11 Acre
3513 Crest Avenue, Albuquerque, NM, 87106 $410,000 6 4 2,280 0.15 Acre
2810 Vail Avenue, Albuquerque, NM, 87106 $522,500 8 4 3,100 0.17 Acre
205 Stanford Drive, Albuquerque, NM, 87106 $510,000 4 4 1,000 0.16 Acre
1920 Lead Avenue, Albuquerque, NM, 87106 $546,500 3 4 2,038 0.21 Acre
1928 Buena Vista Drive, Albuquerque, NM, 87106 $528,895 4 4 3,816 0.14 Acre
1612 Gold Avenue, Albuquerque, NM, 87106 $600,000 5 5 2,564 0.16 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 09/14/2026 @ 04:51

MLS: 1104393 LISTED BY: Todd Clarke, NM Apartment Advisors, Inc. 505-440-8633 SOURCE: Southwest MLS (Greater Albuquerque Association of REALTORS)

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