Map of Property

1008 & 1024 Alvarado Dr. SE

For Sale

1008 & 1024 Alvarado Dr. SE, Albuquerque, NM 87108

This Albuquerque property for sale is located at 1008 & 1024 Alvarado Dr. SE. The current listed sale price for 1008 & 1024 Alvarado Dr. SE is $3,400,000. 1008 & 1024 Alvarado Dr. SE is situated on a lot that is 0.87 acre in size.

Contacts

James A. Wible

NAI SunVista

Luke Scarpa

NAI SunVista

Property Details

  • Property Type Multi-Family
  • Property Size 14,450 SF
  • Units 43
  • Lot Size 0.87 Acre
  • Cap Rate % 5.89
  • Date Updated Jun 22, 2026
  • Value-add through strong rental upside
  • Pro forma cap rate: 6.42%
  • Pro forma GRM: 8.5
  • 100% occupied as of March 2026
  • In-place rents estimated 14% below market-rate
  • Recent interior renovations completed on majority of units
  • Located in established Southeast Albuquerque rental corridor
  • Proximity to major employment centers, Kirtland AFB and I-25 access
  • Seller financing option available

1008 Alvarado

Multifamily For Sale

±6,090 SF on ±0.56 Acres

1024 Alvarado

Multifamily For Sale

±8,360 SF on ±0.31 Acres

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Reach out to the broker for more info on lease terms and amenities

Getting around

  • 76/100

    Walk Score ®

  • 34/100

    Transit Score ®

  • 78/100

    Bike Score ®

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Location

  • City Albuquerque, NM
  • Neighborhood South San Pedro
  • Zip Code 87108
  • Market Albuquerque

Points of Interest

  • Africa Train Station

    4.45 miles

  • Asia Train Station

    4.70 miles

  • Bernalillo County/International Sunport

    4.72 miles

  • Tingley Station

    5.32 miles

  • Montaño

    5.78 miles

  • Aquarium/Garden Station

    5.78 miles

  • Los Ranchos/Journal Center

    8.04 miles

  • Isleta Pueblo

    9.50 miles

  • Alon

    0.20 miles

  • Gibson Food Mart

    0.38 miles

  • Murphy Express

    0.65 miles

  • Pump-N-Save

    0.65 miles

  • Valero

    0.83 miles

  • Circle K

    1.01 miles

  • Government Fuels Distribution

    1.01 miles

  • Fill-Up

    1.11 miles

  • Tesla Supercharger

    3.52 miles

  • ChargePoint

    4.09 miles

  • Patient Lot

    0.51 miles

  • Employee Lot J

    0.66 miles

  • Recreational Storage

    1.48 miles

  • Cell Phone Waiting Area

    1.85 miles

  • Credit-card Lot

    1.92 miles

  • RV Parking

    1.95 miles

  • Allegiant

    2.03 miles

  • Southwest

    2.04 miles

  • Long-term parking

    2.05 miles

  • Sahara Motel

    0.58 miles

  • Lazy H Motel

    1.01 miles

  • De Anza Motor Lodge

    1.30 miles

  • American Inn & Suites

    1.42 miles

  • Hotel Zazz

    1.55 miles

  • Hiway House

    1.81 miles

  • Barcelona Suites

    1.97 miles

  • Extended Stay America

    2.02 miles

  • Days Inn & Suites by Wyndham Airport Albuquerque

    2.02 miles

  • TownePlace Suites

    2.04 miles

  • 999 Seafood Supermarket

    0.28 miles

  • El Mezquite Market

    0.87 miles

  • Bombay Spice

    1.05 miles

  • Kirtland Commissary

    1.33 miles

  • Nob Hill Body and Soul Center

    1.43 miles

  • Kirtland Exchange

    1.45 miles

  • La Montañita Co-op Nob Hill

    1.63 miles

  • Sprouts Farmers Market

    1.64 miles

  • Smith's

    1.74 miles

  • La Montanita

    2.37 miles

Contact 1008 & 1024 Alvarado Dr. SE
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