$10,000 Closing Credit¹
#1073830, Camille R Victour, Listing office: HomeSmart Realty Pros
$1,425,000 List price
7600 Central Ave SE Albuquerque, NM 87108
$10,000
Closing credit¹
1 bed
1 bath
10,515 sqft
0.6 acres
$136 / sqft
Multi-Family
Property details
About 7600 Central Ave SE
The Pioneer Apartments (7600 Central Ave. SE) price has been reduced to $1,425,000, a $100,000 reduction. Respectively, the in-place investment returns are robust relative to market competitors. At $64,773/Unit, the August 2024 Gross Rent Multiplier (GRM) is 7.03. A GRM below 8.50 is highly unusual for a fully renovated property. Since 2018, The Pioneer Apartments have undergone substantial renovations to provide secure and clean housing for low-income Albuquerque residents. Over the past fifteen (15) months, the owner invested nearly $120,000 in capital improvements, including a 6-ft tall wrought iron perimeter fence and new electrical panel.Cap Rate: 7.86%Pre-Tax Cash-on-Cash Return: 8.50%-10.72% *See Flyer for Acquisiton Financing Assumptions.*
Highlights
Home typeMulti Family
HeatingFloor Furnace
StatusActive
CoolingEvaporative Cooling, Varies By Unit, Window Unit(s)
Size10,515 sqft
Lot size0.63 Acres
Year built1946
MLS #1067286
Summary
- Appliances: Cooktop, Microwave, Refrigerator, Range Hood
- Basement: No
- Flooring Type: Laminate, Tile, Vinyl
- Total Bedroom Count: 1
- Heating: Floor Furnace
- Cooling: Evaporative Cooling, Varies By Unit, Window Unit(s)
- List Price: $1,425,000
- Price/SqFt: $135
- Annual Tax Amount: $5,627
- Tax Year: 2023
- Directions: Southeast Corner of Central Ave. SE & San Pablo Dt. SE.
- Year Built: 1946
- Stories: 1
- Living Area: 10,515 SqFt
- Lot Size: 0.63 Acres
- MLS Number: 1067286
- MLS Name: SWMLS
- Office Name: NAI SunVista Commercial RE
- Office Phone: (505) 878-0001
- Office Email: debbie@sunvista.net
- Listing Agent: Sarah Raboff
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: 6/4/2025, 8:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,425,000
7600 Central Ave SE
$10,000
closing credit¹
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Seller rebate
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $117,298 | $5,627 |
| 2022 | $108,610 | $5,210 |
| 2021 | $89,025 | $4,271 |
| 2020 | $89,025 | $4,271 |
| 2019 | $89,025 | $4,271 |
| 2018 | $89,025 | $4,271 |
| 2017 | $89,025 | $4,271 |
History based on county public records data.
Nearby schools
3
La Mesa Elementary School
Public District PK-5
0.3 mi
•7500 Copper Ave NE
2
Emerson Elementary School
Public District PK-5
0.7 mi
•620 Georgia St SE
4
Sandia Base Elementary School
Public District KG-5
1.1 mi
•21001 Wyoming SE 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 $19,167. The majority of Albuquerque, NM residents have income less than $<35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
70%
<35k
26%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
28%
Single, with Kids
11%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
26%
<11 yrs old
10%
12-17 yrs old
27%
18-34 yrs old
32%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
H&M
Burlington
Where do the neighbors go to eat?
Little Caesars
Boston Market
White Castle
What do the neighbors drive?
Dodge
Honda
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7600 Central Ave SE
The listing price of 7600 Central Ave SE property is $1,425,000.
The property 7600 Central Ave SE is a multi located in Albuquerque, New Mexico, 87108.
Active Listing: 7600 Central Ave SE is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7600 Central Ave SE are: La Mesa Elementary School (GreatSchools Rating 3/10), Emerson Elementary School (GreatSchools Rating 2/10), Sandia Base Elementary School (GreatSchools Rating 4/10), Van Buren Middle School (GreatSchools Rating 4/10), Hayes Dual Language Magnet Middle School (GreatSchools Rating 3/10), Alice King Community School (GreatSchools Rating 6/10), Cesar Chavez Community School (GreatSchools Rating 1/10), Highland High School (GreatSchools Rating 3/10), Media Arts Collaborative Charter (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $5,627 (source: MLS/based on county public records data).
The property 7600 Central Ave SE is 10,515 SqFt (source: MLS/tax record).
The year of construction for 7600 Central Ave SE is 1946.
This home is located at 7600 Central Ave SE in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This 10,515 square foot home, which was built in 1946, sits on a 0.63 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since July 21, 2024 and is currently priced at $1,425,000.
Albuquerque, NM housing market in May 2025 saw over 109 listings sold above listed price, more than 174 sold at listed price and over 292 sold below. In May 2025 in Albuquerque, NM there were 8.7% less homes for sale than in April. Listings spent 30 days on the market in May 2025, and had a median list price of $349,765 during the same period.
From Rocket Homes Real Estate and based on county public records data.