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533 Valencia Drive

Albuquerque, NM 87108
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Bed 1

Bed

Bath 1

Bath

SqFt1,929

Sqft

Acres0.16

Acre(Lot)

This well-maintained, charming courtyard-style triplex offers a unique combination of residential character, walkability and investment upside. Mature landscaping, brick walkways and an inviting shared colonnade courtyard give the property a warm residential feel, while off-street parking and private patio space add convenience and privacy.Solatube tubular skylights bring abundant natural light into the residences, creating bright and welcoming interiors. The property also offers dedicated buried tool and storage areas, providing additional secure storage for owner use.The owner has made a number of recent improvements, including a new roof in 2022, new driveways and sidewalks in 2024, and interior renovations.Apartment 533 #6 has been fully renovated and includes a dedicated laundry room with a built-in clothing rack. Additional units offer varying laundry amenities, including washer and washer/dryer hookups.From an investment perspective, there is meaningful room for continued income growth. Current rents average approximately $825, compared with projected market rents of approximately $975, providing an opportunity to increase revenue as rents move toward market.With a start price of $331,592, the property currently offers an 11.16 GRM and 6.11% cap rate, with additional upside as rents are brought closer to market.The owner also owns the adjoining property at 537 Valencia SE, creating an opportunity for a buyer interested in expanding their investment beyond this triplex.Residents are within walking distance of parks, restaurants and retail while enjoying the character and privacy of an established neighborhood.This is the type of property that feels more like housing than apartments--a quality many residents value and one that helps distinguish it from more traditional multifamily properties.Don't miss this opportunity to acquire a distinctive Albuquerque triplex with existing income, recent capital improvements and a clear path for future rent growth.

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Detail Ic Property Details

Property Type : Residential Income

Price : $331,592

AD Id : 89851246

MLS Id : 1109654

Beds : 1

Lot Size : 0.16 Acre

Living Area Size : 1,929

Year Built : 1940

County : Bernalillo

Subdivision: Franklin Twp

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Feature Features

  • Bedroom Information

    Total beds: 1

    Bathroom Information

    Total Baths: 1
  • Flooring Information

    Carpet, Vinyl
  • Interior Features

    Appliances: Free-Standing Gas Range, Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Evaporative Cooling

  • Building Information

    Year Built: 1940 Building Area Total: 1929 Stories: 1 Private Pool: No

  • Lot Information

    Lot Size Acres: 0.16 Lot Size Source: Public Records Lot Size Square Feet: 6752

    Property Information

    Subdivision: Plat Of Shirley S Subdivision Source Property Type: Residential Income Postal Code Plus 4: 3776 Zoning Description: R-MH* Property SubType: Triplex Levels: One Property Age: 86

  • Listing Price Information

    Listing Price: $331592 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 101805615448422904 Annual Tax: $3089.88

  • Utility Information

    Electricity Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: From San Pedro Blvd SE and Zuni Rd SE: East on Zuni to Valencia Dr SE. Right on Valencia to property on right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8600 Zuni Road, Albuquerque, NM, 87108 $1,594,615 3 2 16,020 16,020 SqFt
211 Texas Street, Albuquerque, NM, 87108 $349,900 6 4 2,500 2,500 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 $219,900 2 1 1,536 1,536 SqFt
336 Rhode Island Street, Albuquerque, NM, 87108 $255,000 2 1 2,375 2,375 SqFt
308 Charleston Street, Albuquerque, NM, 87108 $399,000 4 4 --
119 Charleston Street, Albuquerque, NM, 87108 $299,000 3 3 1,784 1,784 SqFt
236 San Pablo Street, Albuquerque, NM, 87108 $325,000 5 4 2,760 2,760 SqFt
425 Grove Street, Albuquerque, NM, 87108 $265,999 4 2 1,386 1,386 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 08/30/2026 @ 17:03

MLS: 1109654 LISTED BY: Anita Maestas, Maestas Real Estate Services 505-463-3565 SOURCE: Southwest MLS (Greater Albuquerque Association of REALTORS)

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