511 Spruce Street SE, Albuquerque, NM 87106
- 7 beds |
- 6 baths |
- 3,749 sqft
Multi-Family Home 
Built in 1936 
0.31acre lot
—— car garage 
$227/sqft 
Listed 1 month ago
Property Description
Offered at $850,000 ($141,666/unit) with an attractive 7.28% acquisition cap rate, 511 Spruce St SE presents a rare opportunity to acquire a fully stabilized multifamily asset with proven in-place cash flow. The property is 100% occupied and features four fully furnished units, with five of the six units having undergone extensive renovations including new roofs, heating and cooling systems, exterior paint and stucco, appliances, flooring, and interior paint. A diverse unit mix supports broad tenant demand, while its long history of strong occupancy as furnished rentals is complemented by an exceptional location near UNM, Presbyterian Hospital, CNM, Kirtland Air Force Base, and Downtown Albuquerque.
- Listing Status:
- Active
- Date Added:
- June 15, 2026
- Data Last Updated:
- July 6, 2026 at 7:16AM
- Listing Office:
- NAI SunVista Commercial RE : (505) 878-0001
- Listing Agent:
- Luke Scarpa : (505) 504-8883
- MLS ID:
- 1105527
- General: 1
- Originating MLS: SWMLS_SWMLS
- County: Bernalillo
- Zoning: 101505717917630909
- Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
- Source: SWMLS_SWMLS
This listing courtesy of Luke Scarpa , NAI SunVista Commercial RE
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
