308 Charleston NE is a fourplex with a new price of $339,736 - the partners in this deal have asked us to get it moved asap so they can close out this partnership and move on to their next deals.Three units of the four units one bedroom, one bathroom units have had minor upgrades. The community is a short walk to La Mesa Elementary school and park. This fourplex is located in an area of that has had major announcements of new employment and new investment from the City of Albuquerque.At the new ask price of $339,736 the measure of investment performance include a price per unit of $84,934, and a price per square foot of $131.63, a GRM of 8.68, a after reserves cap rate of 6.51%, and a after tax IRR of 14.80%.
Sold on 07/25/23
Price Unknown
308 Charleston St NE, Albuquerque, NM 87108
1beds
1baths
2,581sqft
Quadruplex, Multi Family
Built in 1961
-- sqft lot
$-- Zestimate®
$--/sqft
$1,495 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: July 15, 2025 at 10:36am
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.
Bought with:
Anton F Determan, 53934
Real Broker, LLC
Source: SWMLS,MLS#: 1017649

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Tile
- Has basement: No
Interior area
- Total structure area: 2,581
- Total interior livable area: 2,581 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 8,276 sqft
Details
- Parcel number: 101905724221732717
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Block, Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1961
Utilities & green energy
- Electric: None
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Albuquerque
- Subdivision: Loma Verde
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan