4 months on rocket

300 Rhode Island St SE, Albuquerque, NM, 87108

$956,188

Home List Price

$10,000*

Closing Credit

1 Bedroom
1 Bath
Multi
Schools Nearby

Location

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300 Rhode Island St SE, Albuquerque$956,188

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1956
HeatingWall Furnace
CoolingEvaporative Cooling, Window Unit(s)
MLS #1032229
Lot Size0.62 Acres
StatusActive

About 300 Rhode Island St SE

New Mexico Apartment Advisors is pleased to bring El Pueblito, a 15 unit apartment community back to market. Available for the first time in decades, this value add opportunity is an amazing chance to build on the pueblo modern architecture while pursuing the double digit rent growth the city of Albuquerque is currently undergoing.Located on a traffic calming cul-de-sac, 300-314 Rhode Island SE has classic NM architecture in a three building family compound layout.With the average rents of $576 and at the ask price of $956,188 the measures of investment performance include a GRM of 9.22, a before reserves cap rate of 6.81% and an after tax IRR of 16.9%.

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 2

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: No
  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Lot Features

Lot Information:

  • Lot Size: 0.62 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Evaporative Cooling, Window Unit(s)

School Info

Assigned Schools Information:

  • Highland High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Van Buren Middle School, Public District Grades 6-8
  • Wherry Elementary School, Public District Grades PK-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From I-40 and Louisiana, south to Bell, east to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $956,188

Tax Information:

  • Annual Amount: $2,254
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

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Albuquerque, NM

City

Med. Sold Price

$335.6K

Med. Price/SqFt

$200

Avg. Days On Market

27

# of Sold Homes

479

300 Rhode Island St SE vs Albuquerque

133 DAYS ON ROCKET

+106 Days

$956,188

+$620.4K More

KEY TAKEAWAY

This property is $620.4K more than the Median Sold Price in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1032229

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

IDXThe data relating to real estate for sale on this web site 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 other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 8:25:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,254$105,056
2019$4,487$105,056
2018$4,479$105,356
2017$4,479$105,356

History based on county public records data.

Payment Calculator

$4,840

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,933

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2057163
1
/10

  • Wherry Elementary School

  • Bldg 25000 Kafb

  • 0.96 miles

  • Public District Grades PK-5

school-card-donut-2057164
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 5.41 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2057165
3
/10

  • Van Buren Middle School

  • 700 Louisiana Blvd SE

  • 0.63 miles

  • Public District Grades 6-8

High School

school-card-donut-2057166
3
/10

  • Highland High School

  • 4700 Coal Ave SE

  • 1.89 miles

  • Public District Grades 9-12

school-card-donut-2057167
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.44 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,123. Residents of Albuquerque, NM typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87108›300 Rhode Island St SE

This home is located at 300 Rhode Island St SE in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This home, which was built in 1956, sits on a 0.62 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since December 16, 2023 and is currently priced at $956,188.

Albuquerque, NM housing market in March 2024 saw over 141 listings sold above listed price, more than 121 sold at listed price and over 217 sold below. The inventory of homes for sale in Albuquerque, NM between February 2024 and March 2024 decreased by 8.3%. While the average time on the market in March 2024 was 27 days, the median list price was $335,689.

From Rocket Homes Real Estate and based on county public records data.

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