Excellent income-producing 4plex in Albuquerque's vibrant and walkable Barelas neighborhood! This unique property includes a well-kept triplex plus a detached casita, each unit offering off-street parking and private yard space. One unit fully renovated in 2025 with modern finishes and new mini-splits and available for showings. Located just steps from the zoo, parks, and the Barelas Community Center with its free amenities. Units are under-rented, providing immediate value-add potential. Ideal for owner-occupants--live in one unit and let the other three pay the mortgage with low-down financing options available.
For sale
$515,000
1203-1207 Barelas Rd SW, Albuquerque, NM 87102
4beds
4baths
2,416sqft
Est.:
Quadruplex, Multi Family
Built in 1930
-- sqft lot
$494,800 Zestimate®
$213/sqft
$-- HOA
What's special
Off-street parkingModern finishesNew mini-splitsPrivate yard space
- 21 days
- on Zillow |
- 292 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: June 05, 2025 at 12:13pm
Listed by:
Tim Nisly 505-328-8848,
Realty One of New Mexico 505-883-9400
Source: SWMLS,MLS#: 1085330

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Ductless, Wall Furnace
Cooling
- Ductless, Evaporative Cooling, Varies by Unit, Window Unit(s)
Appliances
- Included: Dryer, Microwave, Refrigerator, Washer
Features
- Flooring: Laminate, Tile
- Has basement: No
Interior area
- Total structure area: 2,416
- Total interior livable area: 2,416 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
Lot
- Size: 0.27 Acres
Details
- Parcel number: 101405703304130430
- Zoning description: R-T*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Adobe, Frame
Condition
- Resale
- New construction: No
- Year built: 1930
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $213/sqft
- Annual tax amount: $2,476
- Date on market: 6/5/2025
- Listing terms: Cash,Conventional,FHA
- Tenant pays: Electricity, Gas
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