Mesa Verde 4-plex featuring 1 solid four-unit building offering spacious 2-bedroom apartments in a high-demand rental area. Strong value-add potential through light updates and rent optimization. Part of a portfolio of 22 units - Buy 502 Utah or both 502 & 504, ***NO Owner Financing Available.******NO Private Showings - Tenant Occupied. Viewing the interior of the units is limited to the inspection period after an accepted offer.***Well-maintained and ideal for investors seeking stable, long-term cash flow while providing quality, affordable housing for the community. A proven location known for consistent occupancy and reliable performance--this property is ready to reward thoughtful ownership.
For sale
$395,000
502 Utah St NE, Albuquerque, NM 87108
2beds
1baths
2,800sqft
Est.:
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$141/sqft
$-- HOA
What's special
- 7 days |
- 120 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 08:44am
Listed by:
Joshua D Christensen 505-250-1944,
Realty One of New Mexico 505-883-9400
Source: SWMLS,MLS#: 1095269
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling, Ceiling Fan(s)
Appliances
- Included: Free-Standing Gas Range, Refrigerator, Range Hood
Features
- Ceiling Fan(s)
- Flooring: Tile, Vinyl
- Has basement: No
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Patio
Lot
- Size: 6,098.4 Square Feet
Details
- Parcel number: 101905742733510538
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1979
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Laundry Facilities, Patio
- Subdivision: Mesa Verde Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $436,654
- Annual tax amount: $6,140
- Date on market: 11/3/2025
- Cumulative days on market: 37 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$1,251/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Listed for sale | $395,000+5.3%$141/sqft |
Source:  SWMLS #1095269 Report a problem | ||
| 10/7/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/3/2022 | Listed for sale | $375,000+108.3%$134/sqft |
Source: Owner Report a problem | ||
| 9/10/2018 | Sold | -- |
Source: SWMLS #920178 Report a problem | ||
| 7/27/2018 | Pending sale | $180,000$64/sqft |
Source: Berkshire Hathaway NM Prop #920178 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,140 +188% | $145,537 +191.7% |
| 2023 | $2,132 +3.5% | $49,896 +3% |
| 2022 | $2,060 +3.5% | $48,442 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,344/mo
Principal & interest
$1936
Property taxes
$270
Home insurance
$138
Climate risks
Neighborhood: La Mesa
Nearby schools
GreatSchools rating
- 4/10La Mesa Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Hayes Middle SchoolGrades: 6-8Distance: 0.6 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 2.1 mi
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