301 Graceland Drive
Albuquerque, NM 87108
9
Bed
5
Bath
3,335Sqft
0.19Acre(Lot)
Huge Price Improvement!!! Mid-century Nob Hill investment opportunity offering immediate income and long-term upside. This five-unit property consists of four two bedroom units and one one-bedroom unit, all fully renovated with modern kitchens, updated bathrooms, new plumbing, flooring, and washer/dryer hookups no deferred maintenance required. Three units are currently leased and generating cash flow, providing in-place income. Located in a prime Nob Hill neighborhood with strong rental demand, the property presents an attractive opportunity for investors seeking stable returns, rent growth potential, and long-term appreciation.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 9Bathroom Information
Total Baths: 5 -
Flooring Information
Carpet, Concrete -
Interior Features
Appliances: Free-Standing Electric Range, Refrigerator Window Features: Skylight(s) -
Heating & Cooling
Has Heating: Yes Heating: Central, Forced Air Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1962 Building Area Total: 3335 Stories: 1 Private Pool: No
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Lot Information
Lot Size Acres: 0.19 Lot Size Source: Public Records Lot Size Square Feet: 8276Property Information
Subdivision: Grande Add Source Property Type: Residential Income Postal Code Plus 4: 2778 Zoning Description: MX-T* Property SubType: Multi Family Levels: One Property Age: 64
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Listing Price Information
Listing Price: $695000 Cash, Owner May Carry
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Tax Information
Parcel Number: 101705721914732905 Annual Tax: $5500.28
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Virtual Tour
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Utility Information
Natural Gas Available, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: From Central and Washington go south on Washington past Silver to Mesa Grande then west to Graceland. Property is on the NE corner of Mesa Grande and Graceland.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 217 General Stilwell St.., Albuquerque, NM, 87108 | $425,155 | 7 | 4 | 3,200 | 0.17 Acre |
| 411 Virginia Street, Albuquerque, NM, 87108 | $315,000 | 4 | 2 | 2,153 | 0.16 Acre |
| 8600 Zuni Road, Albuquerque, NM, 87108 | $1,594,615 | 3 | 2 | 16,020 | 1 Acre |
| 415 Virginia Street, Albuquerque, NM, 87108 | $315,000 | 6 | 3 | 2,153 | 0.16 Acre |
| 304 Texas Street, Albuquerque, NM, 87108 | $242,000 | 2 | 3 | 1,712 | 0.16 Acre |
| 211 Texas Street, Albuquerque, NM, 87108 | $349,900 | 6 | 4 | 2,500 | 0.16 Acre |
| 209 Texas Street, Albuquerque, NM, 87108 | $349,900 | 7 | 4 | 2,650 | 0.16 Acre |
| 325 Tennessee Street, Albuquerque, NM, 87108 | $299,900 | 6 | 3 | 2,304 | 0.16 Acre |
| 428 Rhode Island Street, Albuquerque, NM, 87108 | $329,900 | 6 | 3 | 2,250 | 0.14 Acre |
| 513 Utah Street, Albuquerque, NM, 87108 | $215,000 | 2 | 1 | 1,536 | 0.16 Acre |
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Nearby For Sale
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ByOwner last updated this listing 10/09/2026 @ 20:34
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