Don't miss out on this turn-key investment opportunity to own a residential income property convenient located in the heart of downtown, within a short distance of Tingley Beach, BioPark, Old Town and Nob Hill with a wide array of great restaurant options, shopping, groceries and entertainment. This property features five charming bright units (2-1 Bedrooms) that have been renovated throughout the years with premium flooring, neutral color palette throughout, providing a comfortable and inviting living space for tenants. Beautiful low maintenance landscaping complimented by well-maintain common area gardens, creating a lush and private community atmosphere. Plenty of street parking and a large back & side yards for tenants to use. This property also offers a free common laundry.
Sold on 06/18/24
Price Unknown
503 7th St SW, Albuquerque, NM 87102
3beds
2baths
3,729sqft
Multi Family, Apartment
Built in 1926
-- sqft lot
$-- Zestimate®
$--/sqft
$1,768 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,768/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 10, 2025 at 11:42am
Listed by:
Isaac R Romero 505-554-5657,
EXP Commercial, LLC
Bought with:
Leslie A Villareal, REC20240101
The Villarealty Group
Source: SWMLS,MLS#: 1044359
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Central, Ductless, Forced Air, Wall Furnace
Cooling
- Central Air, Ductless
Appliances
- Included: Refrigerator
Features
- Flooring: Laminate
- Has basement: No
Interior area
- Total structure area: 3,729
- Total interior livable area: 3,729 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
Lot
- Size: 6,098 sqft
Details
- Parcel number: 101405703229520109
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1926
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Community
- Community features: Laundry Facilities
Location
- Region: Albuquerque
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2024 | Sold | -- |
Source:  SWMLS #1044359 | ||
| 4/25/2024 | Pending sale | $899,000$241/sqft |
Source: SWMLS #1044359 | ||
| 2/17/2024 | Price change | $899,000-2.3%$241/sqft |
Source: SWMLS #1044359 | ||
| 11/6/2023 | Listed for sale | $920,159$247/sqft |
Source: SWMLS #1044359 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,718 -1.1% | $180,649 |
| 2023 | $8,816 -10.1% | $180,649 |
| 2022 | $9,811 +503.7% | $180,649 +397.9% |
Find assessor info on the county website
Neighborhood: Barelas
Nearby schools
GreatSchools rating
- 6/10Dolores Gonzales Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 1.6 mi