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7600 Central Avenue SE

Albuquerque, NM 87108

1 bed
1 bath
10,515 sqft
~3/4 acre lot
$135 per sqft
1946 build
– on site

The Pioneer Apartments (7600 Central Ave. SE) price has been reduced to $1,425,000, a $100,000 reduction. Respectively, the in-place investment returns are robust relative to market competitors. At $64,773/Unit, the August 2024 Gross Rent Multiplier (GRM) is 7.03. A GRM below 8.50 is highly unusual for a fully renovated property. Since 2018, The Pioneer Apartments have undergone substantial renovations to provide secure and clean housing for low-income Albuquerque residents. Over the past fifteen (15) months, the owner invested nearly $120,000 in capital improvements, including a 6-ft tall wrought iron perimeter fence and new electrical panel.Cap Rate: 7.86%Pre-Tax Cash-on-Cash Return: 8.50%-10.72% *See Flyer for Acquisiton Financing Assumptions.*

Listing courtesy of SWMLS / NAI SunVista Commercial RE

Last checked: Checking… • Last updated Apr 24, 2025 •

MLS# 1067286 —

The Building

Year Built:

1946
Year Built Details:

Converted from Hotel to Multifamily in 2018.
Builder Name:

Unknown
New Construction:

false
Stories:

1
Levels:

One
Basement:

false
Security Features:

SecurityGate
Building Area Total:

10515.0
Building Area Source:

Plans

Interior

Flooring:

Laminate,Tile,Vinyl

Room Dimensions

Living Area:

10515.0
Living Area Source:

Plans

Location

Directions:

Southeast Corner of Central Ave. SE & San Pablo Dt. SE.
Latitude:

35.074782
Longitude:

-106.562758

The Property

Parcel Number:

101905716808030426
Property Type:

ResidentialIncome
Property Subtype:

MultiFamily
Property Condition:

Resale
Zoning Description:

MX-M*
Lot Size Acres:

0.63
Lot Dimensions Source:

Survey
Lot Size SqFt:

27443.0
Lot Size Source:

Survey

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

5627.5

Beds

Bedrooms Total:

1

Baths

Total Baths:

1

Heating & Cooling

Heating:

FloorFurnace
Heating:

true
Cooling:

EvaporativeCooling,VariesByUnit,WindowUnits
Cooling:

true

Utilities

Utilities:

ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Green Energy Generation:

None

Appliances

Appliances:

Cooktop,Microwave,Refrigerator,RangeHood

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/24/25 Apr 24, 2025	Listed / Active	SWMLS	$1,425,000

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This multifamily located in Northeast Albuquerque, Albuquerque, NM 87108 is currently for sale for $1,425,000. 7600 Central Avenue SE is a 10,515 square foot multifamily with 1 bed and 1 bath that has been on Estately for 0 days. 7600 Central Avenue SE is in the Northeast Albuquerque neighborhood of Albuquerque and has a WalkScore® of 71, making it very walkable. This multifamily is in the attendance area of Van Buren Middle School, Wherry Elementary School, and Highland High School.

Listing Courtesy of: SWMLS and NAI SunVista Commercial RE.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.