$375,000

428 Georgia St SE Albuquerque, NM 87108

$4,453
Closing credit¹
2 beds
1 bath
3,200 sqft
0.2 acres
$117 / sqft
Multi-Family

Property details

About 428 Georgia St SE

Don't miss this excellent investment opportunity in Southeast Albuquerque! This single-level, brick 4-unit multi-family property offers a reliable source of rental income with all units featuring 2-bedroom, 1-bath layouts. The building is separately metered for gas and electric, providing tenants with individual utility responsibility and making it an even more attractive investment.Each unit is spacious and designed for maximum comfort, with easy access to local amenities, schools, parks, and public transportation. The property is well-maintained and provides tenants with off-street parking, private entrances, and a secure living environment.

Highlights

Home typeQuadruplex
HeatingWall Furnace
StatusActive
CoolingEvaporative Cooling
Size3,200 sqft
Lot size0.19 Acres
Year built1961
MLS #1075887

Summary

  • Appliances: Electric Range, Refrigerator
  • Basement: No
  • Flooring Type: Laminate, Vinyl
  • Total Bedroom Count: 2
  • Heating: Wall Furnace
  • Cooling: Evaporative Cooling
  • List Price: $375,000
  • Price/SqFt: $117
  • Annual Tax Amount: $3,275
  • Tax Year: 2023
  • Directions: Head South on I-40: If you're traveling on I-40 East, take Exit 159A for University Blvd. If you're on I-40 West, take Exit 159B for University Blvd.Exit onto University Blvd SE: Take the exit for University Blvd SE and head south.Turn Left onto Georgia St SE: Once you're on University Blvd SE, turn left onto Georgia St SE.Continue on Georgia St SE: Drive south on Georgia St SE, and 428 Georgia St SE will be on your left side.
  • Year Built: 1961
  • Stories: 1
  • Living Area: 3,200 SqFt
  • Lot Size: 0.19 Acres
  • MLS Number: 1075887
  • MLS Name: SWMLS
  • Office Name: Caruso Realty, LLC
  • Office Phone: (505) 275-1301
  • Office Email: steve@carusorealty.net
  • Listing Agent: Angelo Mora

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 © 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, 12:20:48 PM 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

unfurnished bedroom with a textured ceiling and dark wood-type flooring

$375,000

428 Georgia St SE

$4,453

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$76,659$3,275
2022$74,426$3,165
2021$64,472$2,729
2020$62,594$2,684
2019$63,260$2,130
2018$50,019$2,065
2017$48,562$2,065

History based on county public records data.

Nearby schools

2

Emerson Elementary School

Public District PK-5

0.2 mi

620 Georgia St SE

3

La Mesa Elementary School

Public District PK-5

0.8 mi

7500 Copper Ave NE

4

Whittier Elementary School

Public District PK-5

1.1 mi

1110 Quincy St SE

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $28,208. The majority of Albuquerque, NM residents have income less than $<35k annually. 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?

54%
<35k
31%
35k-100k
12%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

49%
Single, No Kids
19%
Single, with Kids
16%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
9%
12-17 yrs old
24%
18-34 yrs old
39%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • White CastleWhite Castle
  • PopeyesPopeyes

What do the neighbors drive?

  • HondaHonda
  • KiaKia
  • NissanNissan

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 428 Georgia St SE in Albuquerque, NM and zip code 87108 in the South San Pedro neighborhood. This 3,200 square foot home, which was built in 1961, sits on a 0.19 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 3, 2025 and is currently priced at $375,000.

In April 2025 more than 116 listings in Albuquerque, NM were sold above the asking price. During the same period more than 170 listings were sold at asking price, while more than 276 were sold below. 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.

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