$10,000 Closing Credit¹
#1078929, Leslie A Villareal, Listing Office: The Villarealty Group
$963,138 List price
1100 Palomas Dr SE Albuquerque, NM 87108
$10,000
Closing credit¹
2 beds
1 bath
7,720 sqft
0.6 acres
$125 / sqft
Multi-Family
Property details
About 1100 Palomas Dr SE
Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which recently moved into its new office building a few blocks away.Measures of investment performance at ask price of $963,138 and current average rent of $917 are a GRM of 8.75, a 5.98% cap rate, $96,314 per unit, $128.42/sf. Rents have increased 13.7% in the last year.If rents are raised to the market of $1,075, the measures of investment performance improve to a cap rate of 7.37%.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.
Highlights
Home typeMulti Family
HeatingCentral, Forced Air
StatusActive
CoolingCentral Air
Size7,720 sqft
Lot size0.56 Acres
Year built1955
MLS #1033316
Summary
- MLS Number: 1033316
- MLS Name: SWMLS
- Office Name: NM Apartment Advisors, Inc.
- Office Phone: (505) 440-8633
- Office Email: tclarke@nmapartment.com
- 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.
Copyright © 2025 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: 3/14/2025, 2:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$963,138
1100 Palomas Dr SE
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Whittier Elementary School
Public District PK-5
0.4 mi
•1110 Quincy St SE
2
Emerson Elementary School
Public District PK-5
0.8 mi
•620 Georgia St SE
1
Wherry Elementary School
Public District PK-5
1.2 mi
•Bldg 25000th Kafb East
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $15,818. The most common annual income of people living in Albuquerque, NM is less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
84%
<35k
16%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
72%
Single, No Kids
16%
Single, with Kids
6%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
4%
12-17 yrs old
33%
18-34 yrs old
41%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 1100 Palomas Dr SE in Albuquerque, NM and zip code 87108 in the South San Pedro neighborhood. This 7,720 square foot home, which was built in 1955, sits on a 0.56 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 27, 2023 and is currently priced at $963,138.
Over 76 listings were sold over their listed price in February 2025 in Albuquerque, NM. In the same period over 207 listings were sold below the listed price and 135 listings were sold for the listed price. In February 2025 in Albuquerque, NM there were 9.4% less homes for sale than in January. Listings spent 45 days on the market in February 2025, and had a median list price of $349,921 during the same period.
From Rocket Homes Real Estate and based on county public records data.