1100 Palomas Dr   SE #1104, Albuquerque, NM 87108
FOR SALE
0.56 ACRES

1100 Palomas Dr SE #1104
Albuquerque, NM 87108

South San Pedro
  • 2 Beds
  • 1 Bath
  • 7,720 sqft (on 0.56 acres)

$963,138

Original price: $925,488
Est. Mortgage $5,659/mo*

$963,138

Original price: $925,488
Est. Mortgage $5,659/mo*
2 Beds
1 Bath
7,720 sqft
(on 0.56 acres)

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which recently moved into its new office building a few blocks away.Measures of investment performance at ask price of $963,138 and current average rent of $917 are a GRM of 8.75, a 5.98% cap rate, $96,314 per unit, $128.42/sf. Rents have increased 13.7% in the last year.If rents are raised to the market of $1,075, the measures of investment performance improve to a cap rate of 7.37%.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$125
Listed
180+ days ago

Home Details for 1100 Palomas Dr SE #1104

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1
Dimensions and Layout
Living Area: 7720 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: RefrigeratorRefrigerator
Heating & Cooling
Heating: Central,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Gas & Electric
Electric: None
Windows, Doors, Floors & Walls
Flooring: Vinyl
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneFloors: Vinyl

Exterior Features

Exterior Home Features
Exterior: Landscaping

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1955
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Frame, StuccoNot a New ConstructionHas Additional Parcels
Property Information
Condition: ResaleParcel Number: 101805610818831610

Price & Status

Price
List Price: $963,138Price Per Sqft: $125

Active Status

MLS Status: Active

Location

Direction & Address
City: AlbuquerqueCommunity: Lots 1, 2 & 3 Block 12, Virginia Addition

Agent Information

Listing Agent
Listing ID: 1033316

Building

Building Area
Building Area: 7720 Square Feet

Lot Information

Lot Area: 0.56 acres

Offer

Listing Terms: Cash, Conventional

Business

Expense
Tenant Pays: Other, See Remarks

Miscellaneous

Mls Number: 1033316Living Area Range Units: Square Feet
Last check for updates: about 8 hours ago
Listing courtesy of Todd D Clarke, (505) 440-8633
NM Apartment Advisors, Inc., (505) 440-8633
Source: SWMLS, MLS#1033316

Price History for 1100 Palomas Dr SE #1104

DatePriceEventSource
02/12/2025$963,138PendingToActiveSWMLS #1033316
01/23/2025$963,138PendingSWMLS #1033316
06/21/2024$963,138PriceChange
SWMLS #1033316
04/26/2023$925,488Listed For SaleSWMLS #1033316

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Comparable Sales for 1100 Palomas Dr SE #1104

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.09
Multi-Family Home
-
05/28/25
2
1
-
0.34
Multi-Family Home
-
01/31/25
1
1
5,500
0.07
Multi-Family Home
-
05/23/25
2
1
-
0.60
Multi-Family Home
-
11/07/24
1
1
4,917
0.41
Multi-Family Home
-
06/20/25
3
2
2,572
0.07
Multi-Family Home
-
07/23/25
6
5
2,865
0.22
Multi-Family Home
-
11/14/24
4
2
1,210
1.42
Multi-Family Home
-
12/26/24
2
1
7,480
1.04
Multi-Family Home
-
03/05/25
1
2
13,050
0.42
Multi-Family Home
-
08/29/24
4
4
2,437

Assigned Schools

These are the assigned schools for 1100 Palomas Dr SE #1104.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South San Pedro

At least 52 Trulia users voted on each feature.
  • 93%
    There are sidewalks
  • 85%
    Car is needed
  • 75%
    It's dog friendly
  • 74%
    Parking is easy
  • 69%
    Yards are well-kept
  • 65%
    There's holiday spirit
  • 56%
    Neighbors are friendly
  • 47%
    It's walkable to restaurants
  • 39%
    Kids play outside
  • 39%
    It's walkable to grocery stores
  • 35%
    Streets are well-lit
  • 28%
    They plan to stay for at least 5 years
  • 25%
    People would walk alone at night
  • 25%
    It's quiet
  • 16%
    There are community events
  • 15%
    There's wildlife
Learn more about our methodology.
  • Calvin Footracer
    "Gun shots every night. Homeless are in the area looking in windows, going through mailboxes. No children play outside! "
  • Trulia User
    "The stores here are all closing. Business is bad in this area. The homelessness in this area is at a all time high. "
  • Trulia User
    "I've been living here for 12 years and I had very minimal problems not too bad unless you cross on the other side of Catherine"
  • Trulia User
    "easy to get around easy access to public transportation you can walk to any of the locations it's pretty close in the middle of everything"
  • Trulia User
    "I used to live in this area, it was great.. I have children añd I felt it was safe for them to play and be children."
  • Trulia User
    "there are not many kids around but there is a park. there are several schools located nearby. it is easy to access public transportation. "
  • Trulia User
    "family friendly community nice parks the areas are very clean people pick up after their pet dropping"
  • Rhonda L.
    "I do have a dog .he lets me know when people are around its just me and him .I feel very safe when has around me.He doesn't go to other people he stays with me"
  • Sanders.bosslady87
    "to many homeless people and drugs around the house and not safe for pets or people who live in the same area"
  • Louisa E.
    "Everything is walking distance if you don’t have a vehicle. During the day it’s nice at night it can get a lil scary "
  • Niteranger359
    "there's a lot of speeding cars in the neighborhood. you won't see many kids playing in the front yards."
  • Robert R.
    "There is a colorful mix of people, all ages and nationalities. Great local pizza shop and excellent Asian inspired restaurants."
  • Xeturah W.
    "I have lived in the South San Pedro neighborhood for over 7 years. I love the central location, the friendly neighbors and easy access to UNM/CNM. There are great locally-owned restaurants and shops. I always support local businesses. Overall, it is a great place to live and work!"

LGBTQ Local Legal Protections

Todd D Clarke, NM Apartment Advisors, Inc., (505) 440-8633
Agent Phone: (505) 440-8633
Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumer’s personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
1100 Palomas Dr SE #1104, Albuquerque, NM 87108 is a 2 bedroom, 1 bathroom, 7,720 sqft multi-family built in 1955. 1100 Palomas Dr SE #1104 is located in South San Pedro, Albuquerque. This property is currently available for sale and was listed by SWMLS on Apr 26, 2023. The MLS # for this home is MLS# 1033316.