1512 &1510 3rd Street NW, Albuquerque, NM 87102 (MLS# 1100691) -

1512 &1510 3rd Street NW, Albuquerque, NM 87102

$425,000

Property Type: Residential Income Square Footage: 513 Lot Size (sq. ft.): 9,104 Status: Active

Current Price: $425,000 List Date: 3/27/2026 Last Modified: 5/15/2026

Overview

Description

THE SELLERS ARE MOTIVATED AND OPEN TO ALL REASONABLE OFFERS! A rare opportunity to purchase an investment property in a central location with 2 houses on 3 lots. Conveniently located with easy access to I-40 and downtown. Plenty of parking with additional backyard access through alley with gate. Redevelopment potential due to lot size + zoning. Sellers also own 1514 and 1516 3rd Street NW but homes are not currently for sale. Possibly for sale next year for a great acquisition of a large section with great upside potential.

Listing Details MLS# 1100691

Contract Information

List Price/SqFt: 828.46
Allowance/Concession: No

Location

Street #: 1512 &1510
Street Name: 3rd
St Suffix: Street
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 1410
MLS Area Major: 80 – Downtown Area
Zone Atlas: J14

CityCounty Data

Subdivision Name: N/A

General Property Description

# of Units: 2
5+ Units: No
Units for Sale: 2
Property Sub-Type: Other – See Remarks
Living Area: 513
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.21
Lot SqFt: 9104
Directions: Aspen and 3rd Street south to 1512 3rd Street on east side of street.
Stories: Yes
Total # of Buildings: 2
Year Built: 1920
Year Built Source: Public Records
Age: Select One
# Parking Spaces: 4
Accessory Dwelling Unit: No
Disability Access: No
LBP Disclosure: Yes
Builder: unkn
Owner Occupant Unit: No
Multiple Lots: Three
Flood Zone: No Flood Map

Cooling

Centrally Ducted: No
Evaporative Cooling: Yes
Other: Yes

Basement

Basement Heated: No
Basement Finished: No
Unfinished: Yes

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 1100
Max Rent: 1200
Market Rent: 1200

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 550
Actual Rent: 900
Max Rent: 1200
Market Rent: 1200

Unit Summary

Total Units: 2
Average Unit Size: 625
Average Actual Rent: 1000
Annualized: 24000
Total Actual Rent: 2000

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101405830044611924

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 1848.9

Amenities

Storage: Yes

Flooring

See Remarks: Yes

Heating

Wall Unit: Yes

Owner Pays

Sewer: Yes
Trash Removal: Yes
Water: Yes

Showing Requirements

Call Listing Agent: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Income & Expenses

Annual Gross Income: 2000

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Operating Expenses

Insurance: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes

Parking

2+Spaces Per Unit: Yes
Other Parking: Yes

Finance Considered

Cash: Yes
Conventional: Yes
Owner Financing: Yes

Rental Info

Deposits: Yes
Month To Month: Yes

Source

Owner Provided: Yes

Zoning

NR-LM*: Yes

Property Features

Build Description: Resale Amenities: Storage Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Evaporative Cooling; Other Flooring: See Remarks Basement: Unfinished Green Energy Generation: None Electric Provider: Public Utility Operating Expenses: Insurance; Property Taxes; Repairs/Maintenance Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 2+Spaces Per Unit; Other Parking Rental Info: Deposits; Month To Month Finance Considered: Cash; Conventional; Owner Financing Source: Owner Provided Showing Requirements: Call Listing Agent Zoning: NR-LM*

Documents

Tax Levy Disclosure ›

Lead Based Paint ›

Plat/Map Survey ›

Listing Office: Lucero Realty

Last Updated: May – 15 – 2026

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