2 months on rocket

Sale Pending

503 7th St SW, Albuquerque, NM, 87102

$899,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Bath
3,729 SqFt
$241/SqFt
Multi
Schools Nearby

Location

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503 7th St SW, Albuquerque$899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1926
HeatingCentral, Ductless, Forced Air, Wall Furnace
CoolingCentral Air, Ductless
MLS #1044359
Lot Size0.14 Acres
StatusSale Pending
(Pending)

About 503 7th St SW

Don't miss out on this turn-key investment opportunity to own a residential income property convenient located in the heart of downtown, within a short distance of Tingley Beach, BioPark, Old Town and Nob Hill with a wide array of great restaurant options, shopping, groceries and entertainment. This property features five charming bright units (2-1 Bedrooms) that have been renovated throughout the years with premium flooring, neutral color palette throughout, providing a comfortable and inviting living space for tenants. Beautiful low maintenance landscaping complimented by well-maintain common area gardens, creating a lush and private community atmosphere. Plenty of street parking and a large back & side yards for tenants to use. This property also offers a free common laundry.

Property Details

Property Features

Property Information:

  • Year Built: 1926
  • Stories: 1
  • Living Area: 3,729 SqFt

Listing Office:

  • Office Name: EXP Commercial, LLC
  • Office Phone: (505) 554-8873
  • Listing Agent: Isaac R Romero

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Landscaping

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central, Ductless, Forced Air, Wall Furnace
  • Cooling: Central Air, Ductless

School Info

Assigned Schools Information:

  • Albuquerque High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Washington Middle School, Public District Grades 6-8
  • Coronado Elementary School, Public District Grades KG-5
  • Lew Wallace Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Head west on Lead Ave from I-25. Turn left on 8th street and an immediate next left on Coal Ave. The property is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,000
  • Price Per SqFt: $241/SqFt
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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

503 7th St SW vs Albuquerque

71 DAYS ON ROCKET

+44 Days

$899,000

+$563.3K More

$241/SqFt

+$41 More

KEY TAKEAWAY

This property is $563.3K more than the Median Sold Price and $41/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: #1044359

Listing Office:

  • Office Name: EXP Commercial, LLC
  • Office Phone: (505) 554-8873
  • Listing Agent: Isaac R Romero

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, 6:25:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,762

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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-2480168
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 0.20 miles

  • Public District Grades KG-5

school-card-donut-2480169
5
/10

  • Lew Wallace Elementary School

  • 513 6th St NW

  • 0.65 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2480170
4
/10

  • Washington Middle School

  • 1101 Park Ave SW

  • 0.45 miles

  • Public District Grades 6-8

High School

school-card-donut-2480171
5
/10

  • Albuquerque High School

  • 800 Odelia Rd NE

  • 1.59 miles

  • Public District Grades 9-12

school-card-donut-2480172
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 5.44 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 $13,438. Residents of Albuquerque, NM typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87102›503 7th St SW

This home is located at 503 7th St SW in Albuquerque, NM and zip code 87102 in the Barelas neighborhood. This 3,729 square foot home, which was built in 1926, sits on a 0.14 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 17, 2024 and is currently priced at $899,000.

In March 2024, from all listings sold in Albuquerque, NM there were more than 141 sold above asking price, over 217 sold below and more than 121 were sold right at the asked price. The number of homes for sale in Albuquerque, NM decreased by 8.3% between February 2024 and March 2024. 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.

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