3 months on rocket

Sale Pending

801 Ortiz Dr SE, Albuquerque, NM, 87108

$499,000

Home List Price

$5,926*

Closing Credit

1 Bedroom
1 Bath
2,437 SqFt
$205/SqFt
Multi
Schools Nearby

Location

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801 Ortiz Dr SE, Albuquerque$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1952
HeatingCentral, Forced Air
CoolingCentral Air, Ceiling Fan(s)
MLS #1054932
Lot Size0.18 Acres
StatusSale Pending
(Pending)

About 801 Ortiz Dr SE

Vacant units, completely updated over the last 3 years from with new stucco, Metal Roof, Windows, Paint, Security Bars, Refrigerated A/C, Windows, Water Heater and Appliances. All Tile flooring. Proforma Cap Rate from 6.0%. REC Considered at 50% down. Amazing and rare opportunity to invest in Albuquerque with a tenant ready 4 Plex. Contact Broker or Your Buyer Broker for Showings. Finance/Cash approved showings only. ''Exceptional income property opportunity! This well-maintained 4-plex boasts a prime location, offering a combination of modern amenities and classic charm. Each unit features spacious layouts, updated kitchens, and comfortable living spaces. With a strong rental history, this property promises a steady income stream. Take advantage of the thriving rental market.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Stories: 1
  • Living Area: 2,437 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway NM Prop
  • Office Phone: (505) 798-6300
  • Listing Agent: Thomas Gallegos

Interior Features

Interior Information:

  • Appliances: Gas Range, Refrigerator
  • Basement: No
  • Flooring Type: Tile
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Highland High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Wilson Middle School, Public District Grades 6-8
  • Whittier Elementary School, Public District Grades KG-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: San Mateo, East on Trumbell to Ortiz.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000
  • Price Per SqFt: $205/SqFt

Tax Information:

  • Annual Amount: $1,228
  • 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

801 Ortiz Dr SE vs Albuquerque

114 DAYS ON ROCKET

+87 Days

$499,000

+$163.3K More

$205/SqFt

+$5 More

KEY TAKEAWAY

This property is $163.3K more than the Median Sold Price and $5/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: #1054932

Listing Office:

  • Office Name: Berkshire Hathaway NM Prop
  • Office Phone: (505) 798-6300
  • Listing Agent: Thomas Gallegos

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, 4:25:13 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$1,228$28,632
2019$2,052$49,062
2018$1,990$48,191
2017$1,990$46,788

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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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-1900626
4
/10

  • Whittier Elementary School

  • 1110 Quincy St SE

  • 0.34 miles

  • Public District Grades KG-5

school-card-donut-1900627
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 3.89 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1900628
3
/10

  • Wilson Middle School

  • 1138 Cardenas Dr SE

  • 0.62 miles

  • Public District Grades 6-8

High School

school-card-donut-1900629
3
/10

  • Highland High School

  • 4700 Coal Ave SE

  • 0.49 miles

  • Public District Grades 9-12

school-card-donut-1900630
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.38 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 $24,315. The majority of Albuquerque, NM residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87108›801 Ortiz Dr SE

This home is located at 801 Ortiz Dr SE in Albuquerque, NM and zip code 87108 in the South San Pedro neighborhood. This 2,437 square foot home, which was built in 1952, sits on a 0.18 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since January 04, 2024 and is currently priced at $499,000.

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. In March 2024 in Albuquerque, NM there were 8.3% less homes for sale than in February 2024. The median list price of listings available in March 2024 was $335,689, while the average time on the real estate market was 27 days.

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

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