Fantastic opportunity for owner occupant rental property or investor! Lots of upgrades throughout so this baby is turn key! Lots of money invested in the last few years! Newer roof, stucco, stairs, electrical panel upgrades, vinyl windows, appliances, HVAC/AC air!, flooring, updated kitchens and (3) baths, paint, lighting, own washer and dryers, storage!!!Great NE location with park right nearby. This is ready to provide years of worry free income! Check out the comps and at pro forma of $1,300 a month this has a sweet GRM of 8.7 and a CAP rate of 8.35%! Fantastic price for a turnkey property that would be a great addition to your portfolio or owner occupant and have tenants pay the mortgage! DO NOT DISTURB TENANTS. Showing upon successful agreement. See attached for Pro-Forma Analysis.
Sold on 04/15/25
Price Unknown
12204 Candelaria Rd NE, Albuquerque, NM 87112
8beds
4baths
3,200sqft
Quadruplex, Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$--/sqft
$2,969 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,969/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 15, 2025 at 04:19pm
Listed by:
Matthew A Darrall 505-270-5051,
Thrive Real Estate
Bought with:
Matthew A Darrall, 19072
Thrive Real Estate
Source: SWMLS,MLS#: 1077724
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Forced Air
Cooling
- Refrigerated
Appliances
- Included: Free-Standing Gas Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Concrete, Laminate, Tile
- Has basement: No
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Parking
- Total spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 sqft
Details
- Parcel number: 102205938253812538
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
Condition
- Resale
- New construction: No
- Year built: 1977
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Community
- Community features: Storage Facilities
Location
- Region: Albuquerque
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2025 | Sold | -- |
Source:  SWMLS #1077724 | ||
| 3/19/2025 | Pending sale | $559,900$175/sqft |
Source: SWMLS #1077724 | ||
| 3/14/2025 | Listed for sale | $559,900$175/sqft |
Source: SWMLS #1077724 | ||
| 2/27/2025 | Pending sale | $559,900$175/sqft |
Source: SWMLS #1077724 | ||
| 2/25/2025 | Listed for sale | $559,900$175/sqft |
Source: SWMLS #1077724 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,409 +1.7% | $80,787 +3% |
| 2023 | $3,352 +3.5% | $78,435 +3% |
| 2022 | $3,239 +3.5% | $76,150 +3% |
Find assessor info on the county website
Neighborhood: 87112
Nearby schools
GreatSchools rating
- 10/10Matheson Park Elementary SchoolGrades: PK-5Distance: 1 mi
- 8/10Hoover Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Eldorado High SchoolGrades: PK-12Distance: 1 mi