$8,669 Closing Credit¹
#1077518, Vicki J Criel, Listing Office: Criel and Associates, LLC
$930,000 List price
335 Espanola St NE Albuquerque, NM 87108
$10,000
Closing credit¹
0 beds
1 bath
7,500 sqft
0.5 acres
$124 / sqft
Multi-Family
Property details
About 335 Espanola St NE
Do not miss out on this rare value add opportunity to buy a renovated property with rents 29% below market and a below market interest rate loan with appraisal at $930,000 as-is today, and renovated, raised rents appraisal of $1,070,000). Rents have increased 6% this year and are scheduled to increase from $783 to $906 by November 1st, 2024.Measures of investment performance with an average rent of $783 and an ask price of $930,000 include $77,500 per unit , $122.47/sf, 6.91% cap rate, and an after tax IRR of 10.8%.This 12 unit community is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appre
Highlights
Home typeMulti Family
HeatingCentral, Forced Air, Floor Furnace, Wall Furnace
StatusActive
CoolingEvaporative Cooling
Size7,500 sqft
Lot size0.46 Acres
Year built1946
MLS #1044432
Summary
- MLS Number: 1044432
- 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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$930,000
335 Espanola St NE
$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 |
|---|---|---|
| Dec 14, 2009 | Home Sold | $450,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $110,817 | $4,735 |
| 2022 | $107,590 | $4,576 |
| 2021 | $107,590 | $4,555 |
| 2020 | $107,590 | $4,614 |
| 2019 | $107,590 | $4,583 |
| 2018 | $107,590 | $4,575 |
| 2017 | $107,590 | $4,575 |
History based on county public records data.
Nearby schools
3
La Mesa Elementary School
Public District PK-5
0.1 mi
•7500 Copper Ave NE
2
Emerson Elementary School
Public District PK-5
0.9 mi
•620 Georgia St SE
4
Mark Twain Elementary School
Public District PK-5
1.1 mi
•6316 Constitution Ave NE
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 $23,868. The majority of Albuquerque, NM residents have income less than $<35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
70%
<35k
25%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
51%
Single, No Kids
20%
Single, with Kids
13%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
9%
12-17 yrs old
27%
18-34 yrs old
36%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Boston Market
Popeyes
What do the neighbors drive?
Kia
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 335 Espanola St NE in Albuquerque, NM and zip code 87108 in the La Mesa neighborhood. This 7,500 square foot home, which was built in 1946, sits on a 0.46 acre lot. Features: 0 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 9, 2023 and is currently priced at $930,000.
In February 2025, from all listings sold in Albuquerque, NM there were more than 76 sold above asking price, over 207 sold below and more than 135 were sold right at the asked price. The inventory of homes for sale in Albuquerque, NM between January and February 2025 decreased by 9.4%. In February 2025 median list price was $349,921 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.