1030-1040 Truman Street SE, Albuquerque, NM 87108

• 1 bed |
• 1 bath

Property Description

The unit mix offers valuable diversity, with 3 two-bedroom/one-bathroom and 3 one-bedroom/one-bathroom units at 1030 Truman -- complete with private garages -- and an additional 3 units at 1040 Truman, including one 1-bedroom/1-bathroom and two 2-bedroom/1-bathroom apartments. The buildings are situated on spacious lots with mature landscaping, wrought iron security, and private courtyard areas that enhance curb appeal and resident livability.The projected gross income of $139,200 annually, adjusted for a 5% vacancy to $132,240, with estimated operating expenses of $37,361, yielding a pro forma NOI of $94,879. At the asking price of $1,500,000, the property offers a projected cap rate of 6.33% with a before-tax IRR of 17.41% .

Listing Status:

Active

Date Added:

November 14, 2025 at 06:00AM

Listing Office:

Berger Briggs RE & Prop Mgmt : (505) 247-0444

Listing Agent:

Harrison Alley : (505) 980-6151

MLS ID:

1094437

Interior

• Appliances: Built-In Gas OvenBuilt-In Gas RangeDryerRefrigeratorRange Hood
• Laundry: Washer HookupDryer HookupIn Unit
• Flooring: TileVinylWood
• Heating: CentralForced AirFloor Furnace
• Eco/Green Feature: None

Exterior

• General: Landscaping
• Parking: Parking spaces: 10

Construction

• General: 1

Location

• Originating MLS: SWMLS_SWMLS
• County: Bernalillo

Lot

• Zoning: 101705651728310815101705651727210816

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater ConnectedNone

Financial

• Source: SWMLS_SWMLS

This listing courtesy of Harrison Alley, Berger Briggs RE & Prop Mgmt