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1036 Madeira Drive SE

Albuquerque, NM 87108
  • $399,900
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 1085343
UPDATED: 48 min ago
$399,900
  • 1
    BEDS
  • 0.19
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,865
    SQFT
  • $140
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Discover this updated, low-maintenance income producing property! An ideal opportunity for both first-time & seasoned investors. This well-maintained asset offers a desirable unit mix, featuring (3) 1-bedroom/1-bath units (Units A, B & C), & a spacious 3-bedroom/2-bath unit (Unit D) complete with a detached 1-car garage. In 2020, the owner completed upgrades to ensure long-term value & energy efficiency, including: Mini-split heating & refrigerated air systems in all units, Upgraded electrical service, pro-panel metal roof, Fresh stucco, dual-pane windows, perimeter fencing & landscaping. Units A & D have been fully remodeled with tasteful, modern interiors. Units B & C are occupied by long-term tenants & currently rented below market value, offering potential for future rental growth!

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IDX information © 2025 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2025-06-22T14:05:09.053.
www.sandisells.com/homes/164601346
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1036 Madeira Drive SE Albuquerque, NM 87108

  • Price: $399,900
  • Status: Active
  • On Site: 16 Days
  • Updated: 48 min ago
  • MLS #: 1085343
1
Beds
1
Baths
0
½ Baths
0.19
Acres
2,865
SQFT
$140
$/SQFT
1960
Built
Neighborhood:
71 - Southeast Heights
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
Discover this updated, low-maintenance income producing property! An ideal opportunity for both first-time & seasoned investors. This well-maintained asset offers a desirable unit mix, featuring (3) 1-bedroom/1-bath units (Units A, B & C), & a spacious 3-bedroom/2-bath unit (Unit D) complete with a detached 1-car garage. In 2020, the owner completed upgrades to ensure long-term value & energy efficiency, including: Mini-split heating & refrigerated air systems in all units, Upgraded electrical service, pro-panel metal roof, Fresh stucco, dual-pane windows, perimeter fencing & landscaping. Units A & D have been fully remodeled with tasteful, modern interiors. Units B & C are occupied by long-term tenants & currently rented below market value, offering potential for future rental growth!
Exterior Features

Construction Materials Frame Stucco Exterior Features Landscaping Levels One Parking Total 8

Interior Features

Appliances Free- Standing Electric Range Refrigerator Basement YN No Cooling Multi Units Refrigerated Cooling YN Yes Electric None Flooring Laminate Tile Wood Heating Ductless Heating YN Yes Laundry Features Washer Hookup Dryer Hookup In Unit

Property Features

Builder Name UNKNOWN Building Area Total 2865 Green Energy Generation None Gross Income 39600 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional FHA VA Loan New Construction YN No Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 1745.92 Tenant Pays Electricity Gas Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- MH*

Southwest MLS] logo Listing courtesy of Southwest Elite Real Estate: (505) 798-6333. © 2025 Southwest Multiple Listing Service, Inc.


IDX information © 2025 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2025-06-22T14:05:09.053.
 
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Sandi Pressley Team | Coldwell Banker Legacy
10400 Academy Rd NE Suite 100
Alburquerque NM, 87111