Units are separately metered - gas and electric. Units A and B share a private, recently updated laundry room. 421 1/2 has its own washer / dryer. Residents love the romantic atmosphere and artisan work around every corner - stained glass accents, custom wood work, built-ins, Talavera tile, meandering pathways, and extensive garden areas. Top UNM market rents come easily with plenty of room for simple value add.Measures of investment performance at ask price of $556,936 and current average rent of $1,232 are a GRM of 12.95, a 5.67% cap rate, $183,645 per unit, $300/sf. Properties like this, in a market where amazing job growth from all of the new Netflix, Facebook, Intel and Amazon jobs, go quickly. Do not wait as you will be honored to own this one.
Property Details
Property Features
Property Information:
Year Built: 1925
Stories: 1
Living Area: 1,856 SqFt
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
Exterior Features
Exterior Information:
Exterior: Landscaping
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Heating: Central, Forced Air
Cooling: Evaporative Cooling
School Info
Assigned Schools Information:
Albuquerque High School, Public District Grades 9-12
Nex Gen Academy, Public District Grades 9-12
Wilson Middle School, Public District Grades 6-8
Bandelier Elementary School, Public District Grades KG-5
Coronado Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: From I-25 and Coal, east to Harvard, south to property.
Price Information
Listing Price Info
Price Summary:
List Price: $556,936
Price Per SqFt: $300/SqFt
Tax Information:
Annual Amount: $2,150
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Albuquerque, NM.
This property is $221.2K more than the Median Sold Price and $100/SqFt more than other homes in Albuquerque, NM.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: SWMLS
MLS Number: #1040188
Listing Office:
Office Name: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633
Listing Agent: Todd D Clarke
The 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.
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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
6
/10
Bandelier Elementary School
3309 Pershing Ave SE
Distance between this listing and this school0.83 miles
Public District Grades KG-5
6
/10
Coronado Elementary School
601 4th St SW
Distance between this listing and this school1.85 miles
Public District Grades KG-5
Middle School
3
/10
Wilson Middle School
1138 Cardenas Dr SE
Distance between this listing and this school2.54 miles
Public District Grades 6-8
High School
5
/10
Albuquerque High School
800 Odelia Rd NE
Distance between this listing and this school1.73 miles
Public District Grades 9-12
8
/10
Nex Gen Academy
5323 Montgomery Blvd NE
Distance between this listing and this school4.57 miles
Public District Grades 9-12
Assigned Schools
6
/10
Bandelier Elementary School
3309 Pershing Ave SE
Distance between this listing and this school0.83 miles
Public District Grades KG-5
6
/10
Coronado Elementary School
601 4th St SW
Distance between this listing and this school1.85 miles
Public District Grades KG-5
Nearby Schools
7
/10
Monte Vista Elementary School
3211 Monte Vista Blvd NE
Distance between this listing and this school0.85 miles
Public District Grades KG-5
Assigned Schools
3
/10
Wilson Middle School
1138 Cardenas Dr SE
Distance between this listing and this school2.54 miles
Public District Grades 6-8
Nearby Schools
4
/10
Jefferson Middle School
712 Girard Blvd NE
Distance between this listing and this school1.14 miles
Public District Grades 6-8
2
/10
Christine Duncans Heritage Academy
816 Broadway Blvd SE
Distance between this listing and this school1.38 miles
Public Charter Grades KG-8
Assigned Schools
5
/10
Albuquerque High School
800 Odelia Rd NE
Distance between this listing and this school1.73 miles
Public District Grades 9-12
8
/10
Nex Gen Academy
5323 Montgomery Blvd NE
Distance between this listing and this school4.57 miles
Public District Grades 9-12
Nearby Schools
10
/10
College and Career High School
900 University Blvd SE
Distance between this listing and this school0.47 miles
The neighbors living near this home have an average income of $25,921. Most Albuquerque, NM residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
This home is located at 421 Harvard Dr SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. This 1,856 square foot home, which was built in 1925, sits on a 0.16 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 23, 2023 and is currently priced at $556,936.
In March 2024 more than 141 listings in Albuquerque, NM were sold above the asking price. During the same period more than 121 listings were sold at asking price, while more than 217 were sold below. Between February 2024 and March 2024, Albuquerque, NM real estate market has seen decrease in the number of listings by 8.3%. In March 2024 median list price was $335,689 and the average listing age was 27 days.
From Rocket Homes Real Estate and based on county public records data.