$10,000 Closing Credit¹
#1070142, The Schuster Team, Listing Office: Keller Williams Realty
$1,150,000 List price
316 Princeton Dr SE Albuquerque, NM 87106
$10,000
Closing credit¹
1 bed
1 bath
0.2 acres
Multi-Family
Property details
About 316 Princeton Dr SE
Great Investment Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units located in a single 2 story building with underneath drive-in shaded parking. 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space. Each unit has been updated with tile flooring or laminate, mini-split units. Newer roof installed in 2023, 18 covered parking spaces. All current rents are below market rents and present an investor with tremendous upside potential. An excellent Value in a coveted rental location! INDIVIDUAL UNITS NOT FOR SALE.
Highlights
Home typeMulti Family
HeatingDuctless
StatusActive
CoolingDuctless, Central Air
Lot size0.16 Acres
Year built1977
MLS #1081016
Summary
- Appliances: Electric Range, Refrigerator
- Basement: No
- Flooring Type: Laminate, Tile, Vinyl
- Total Bedroom Count: 1
- Exterior: Lighting
- Heating: Ductless
- Cooling: Ductless, Central Air
- List Price: $1,150,000
- Annual Tax Amount: $2,932
- Tax Year: 2023
- Directions: Heading east on Central Ave, turn right onto Princeton Dr and head south, Continue on Princeton Dr SE past Lead Ave and property will be located on left-hand side of street at 316 Princeton Dr SE before reaching Coal Ave.
- Year Built: 1977
- Stories: 3
- Lot Size: 0.16 Acres
- MLS Number: 1081016
- MLS Name: SWMLS
- Office Name: The M Real Estate Group
- Office Phone: (505) 247-1002
- Office Email: thomas@mregrp.com
- Listing Agent: Santiago Aceves
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: 5/2/2025, 9:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,150,000
316 Princeton Dr SE
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 29, 2018 | Home Sold | $475,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $68,625 | $2,932 |
| 2022 | $66,627 | $2,833 |
| 2021 | $66,627 | $2,820 |
| 2020 | $66,627 | $2,857 |
| 2019 | $66,627 | $2,838 |
| 2018 | $66,627 | $2,833 |
| 2017 | $66,627 | $2,833 |
History based on county public records data.
Nearby schools
6
Monte Vista Elementary School
Public District KG-5
0.5 mi
•3211 Monte Vista Blvd NE
6
Bandelier Elementary School
Public District KG-5
0.6 mi
•3309 Pershing Ave SE
3
Lowell Elementary School
Public District KG-5
1.2 mi
•1700 Sunshine Ter SE
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 $23,529. Typical income of Albuquerque, NM residents is less than $<35k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
68%
<35k
28%
35k-100k
4%
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?
84%
Single, No Kids
7%
Single, with Kids
6%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
3%
12-17 yrs old
58%
18-34 yrs old
29%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
$7,588 Closing Credit¹
#1070355, Liska Maddox, Listing Office: Maddox & Co/REALTORS
$5,995 Closing Credit¹
#1081559, Todd D Clarke, Listing Office: NM Apartment Advisors, Inc.
#1073494, Loria A Hamilton-Field, Listing Office: USRealty.com, LLP
Tour
$7,303 Closing Credit¹
#1074301, Joel J Sanchez, Listing Office: Helix Real Estate Group
15 hours on Rocket
$6,175 Closing Credit¹
#1081980, Michael Matias, Listing Office: Three Sons Property Mgmt.
$6,413 Closing Credit¹
#1078029, Timothy R Luten, Listing Office: Sperry Van Ness/WACB, Inc.
This home is located at 316 Princeton Dr SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 30, 2025 and is currently priced at $1,150,000.
In April 2025, from all listings sold in Albuquerque, NM there were more than 116 sold above asking price, over 276 sold below and more than 170 were sold right at the asked price. Between March and April 2025, Albuquerque, NM real estate market has seen decrease in the number of listings by 10.5%. In April 2025 median list price was $349,957 and the average listing age was 30 days.
From Rocket Homes Real Estate and based on county public records data.