1030-1040 Truman Street Se Albuquerque, NM 87108

9 Units
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$1,500,000 Est. $5,523 / mo.*
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Property Type: Multifamily
Status: Active
Year Built: 1952
Neighborhood: Na
Days on Website: 52

Courtesy of Berger Briggs RE & Prop Mgmt.

Description

The unit mix offers valuable diversity, with 3 two-bedroom/one-bathroom and 3 one-bedroom/one-bathroom units at 1030 Truman -- complete with private garages -- and an additional 3 units at 1040 Truman, including one 1-bedroom/1-bathroom and two 2-bedroom/1-bathroom apartments. The buildings are situated on spacious lots with mature landscaping, wrought iron security, and private courtyard areas that enhance curb appeal and resident livability.The projected gross income of $139,200 annually, adjusted for a 5% vacancy to $132,240, with estimated operating expenses of $37,361, yielding a pro forma NOI of $94,879. At the asking price of $1,500,000, the property offers a projected cap rate of 6.33% with a before-tax IRR of 17.41% .

Open House

Property Details and Features

  • BuiltInGasOven
  • BuiltInGasRange
  • Dryer
  • Refrigerator
  • RangeHood
  • 1 total bathroom
  • 1 total bedroom
  • Built in 1952
  • Year Built Details: 1040 built 19681430 Built 1952
  • 2 buildings
  • 1 storey
  • Levels: One
  • LeadBasedPaintDisclosure
  • Ranm2100Disclosure
  • Energy Generation: None
  • Operating: $32,000
  • Landscaping
  • Tile
  • Vinyl
  • Wood
  • Central
  • ForcedAir
  • FloorFurnace
  • Gross Income: $140,000
  • WasherHookup
  • DryerHookup
  • InUnit
  • Listing ID: 1094437
  • Standard Status: Active
  • MLS Status: Active
  • Property Subtype: MultiFamily
  • On market as of 2025-11-14
  • 52 days on market
  • Subdivision: NA
  • MLS Area (Major): 42 - UNM South
  • County/Parish: Bernalillo
  • 0.59 acres
  • Sewer
  • TrashCollection
  • Water
  • 10 total parking spaces
  • Resale
  • Additional parcels description:
  • Parcel Number: 101705651728310815, 101705651727210816
  • Annual Amount: $10,387
  • Zoning description: R-MH*
  • Electricity
  • Gas
  • CableConnected
  • ElectricityConnected
  • NaturalGasConnected
  • PhoneConnected
  • SewerConnected
  • WaterConnected
  • None

Location

$1,500,000 - 1030-1040 Truman Street Se, Albuquerque, NM 87108
1030-1040 Truman Street Se Albuquerque, NM 87108
Subdivision: NA

Street View

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