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1036 MADEIRA Drive SE, Albuquerque, NM 87108

$399,900

$140 per ft²

1 Bed

1 Bath

2,865 Sq Ft

0.19 Acres

Listing Office: Southwest Elite Real Estate

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Discover this updated, low-maintenance income producing property! An ideal opportunity for both first-time & seasoned investors. This well-maintained asset offers a desirable unit mix, featuring (3) 1-bedroom/1-bath units (Units A, B & C), & a spacious 3-bedroom/2-bath unit (Unit D) complete with a detached 1-car garage. In 2020, the owner completed upgrades to ensure long-term value & energy efficiency, including: Mini-split heating & refrigerated air systems in all units, Upgraded electrical service, pro-panel metal roof, Fresh stucco, dual-pane windows, perimeter fencing & landscaping. Units A & D have been fully remodeled with tasteful, modern interiors. Units B & C are occupied by long-term tenants & currently rented below market value, offering potential for future rental growth!

Listing Agent: Jonathan M Ortiz

License Number: 44118

Offered by: Southwest Elite Real Estate

Office Phone: (505) 798-6333

MLS: #1085343

Southwest Multiple Listing Service

Date Added: 06/05/2025 12:00:00 am

Last Update: 06/06/2025 01:13:14 pm

Days on Market: 5

Interior

Appliances: Free-Standing Electric Range,Refrigerator
Laundry: Washer Hookup,Dryer Hookup,In Unit
Flooring: Laminate,Tile,Wood
A/C: true, Multi Units,Refrigerated
Heating: true, Ductless
Eco/Green Feature: None

Exterior

General: Landscaping
Parking: Parking spaces: 8

Construction

General: Frame,Stucco, 1

Location

Originating MLS: SWMLS
County: Bernalillo

Lot

Zoning: 101805607520632201

Utilities

Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, None

Financial

Source: SWMLS

Property

Year Built: 1960
Type: Multi-Family
Neighborhood: South San Pedro
Parcel #: 101805607520632201

02/26/2021Off Market

02/18/2021Pending

02/11/2021$345,000@ 120 per ft²Listed

02/11/2021Active

Listing Broker

Misty Stacy

1 @

Email: mistyhomesales@gmail.com

Phone: 5052694538

Last Updated: 06/06/2025 01:13:14 pm

Offered by: Jonathan M Ortiz, 44118, (505) 363-8451 @ Southwest Elite Real Estate

MLS: #1085343

Source: Southwest Multiple Listing Service

<IMG SRC='https://d37ukvrrv3in12.cloudfront.net/mls/logos/IDX_557.png' ALT='IDX'>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. <BR><BR>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.

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1036 MADEIRA Drive SE, Albuquerque, NM 87108 is a 1 Bed, 1 Bath, 2,865 Sq Ft, 0.19 Acres, Multi-Family built in 1960.

This property is currently available and was listed by Southwest Multiple Listing Service on 06/05/2025 12:00:00 am. The MLS # for the property is MLS #1085343.

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