506 Madison Place SE # 1,2,3 Albuquerque, NM
$ 549,000
Property Attributes
  • MLS#1003674
  • TypeMulti-Family
  • CityAlbuquerque
  • AreaUNM South
  • Zip87108
  • StyleTriplex
  • Year Built1999
  • Taxes$ 3247
  • Price$ 549,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage2640
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Data Source:
Southwest MLS (SWMLS) - 101 - NM
Property Description

Exceptionally well maintained and updated. Loyal tenants have long rental history. Each unit offers a private patio. Owners suites include large walk in closets. Kitchens have granite counter tops w/newer appliances of less than 4 yrs old. Evaporative coolers 2019, Washer and Dryers in each unit 2019. TPO roof less than 5 years old. Brand New privacy extended gates on units 1&2. New water heaters unit 1&3. Each unit offers a garage. Triplex is gated with security bars. Please view the property's feature sheet that includes all updates. Close to UNM, Nob Hill, KAFB and Sandia Labs the location and property is a fantastic investment opportunity.

Price History
10/28/2021 Listed $549,000

General Features

Accessibility None
Appliances Dryer, Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer
Community Features Deck/Porch, Patio
Construction Materials Frame
Cooling Evaporative Cooling, 2 Units, Ceiling Fan(s)
Electric None
Exterior Features Patio
Flooring Carpet, Laminate, Tile
Heating Central, Forced Air
Interior Features Ceiling Fan(s)
Levels Two
Listing Agent State License 49423
Lot Size Square Feet 5663
MLS Area 42 - UNM South
Patio/Porch Features Patio
Property Sub Type Additional Triplex
Property SubType Triplex
Property Type Residential Income
PropertyCondition Resale
Status Active
Stories 2
Terms Cash, Conventional
Total Units 3
Utilities Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Zoning Description R-ML*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features Washer Hookup, Dryer Hookup, In Unit
Living Area 2640
Total Baths 1
Total Bedrooms 2

Exterior Features

Lot Size Acres 0.13
Lot Size Source Appraiser
Number of Buildings 1


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 87108

AVG $490K
AVG $2,194
AVG 34
Year Built
AVG 1969
AVG 66
Data Provided by Walkscore ® not using MLS data

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