517 Palomas Drive SE, Albuquerque, NM 87108 (MLS# 1100323) -

517 Palomas Drive SE, Albuquerque, NM 87108

$385,000

Property Type: Residential Income Square Footage: 3,040 Lot Size (sq. ft.): 6,752 Status: Active

Current Price: $385,000 List Date: 3/20/2026 Last Modified: 4/09/2026

Overview

Description

Durable brick 4-unit investment property designed for low maintenance and long-term ownership, conveniently located near major shopping centers, Kirtland AFB, and UNM area. Features a pitched shingle roof that adds durability and helps reduce exterior maintenance. Each unit offers a private backyard space, refrigerators and free-standing ranges, washer/dryer hookups, central forced-air heating, evaporative cooling, and full insulation for year-round efficiency. The property includes a security metal-gate for both vehicle and pedestrian access. A surveillance security system is currently in place and may be purchased separately from the seller. Property is being sold as-is and may be purchased individually or together with 521 Paloma as an expanded investment. Possible Section 8 qualifier

Supplements: Select furniture items may also be available for separate purchase; contact broker for details.

Listing Details MLS# 1100323

Contract Information

List Price/SqFt: 126.64

Location

Street #: 517
Street Name: Palomas
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3600
MLS Area Major: 71 – Southeast Heights
Zone Atlas: L18

CityCounty Data

Subdivision Name: BARON BURG HEIGHTS HOLLINGBERRYS REPLAT BLK 6

General Property Description

# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Living Area: 3040
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6752
Directions: USE GPS
Stories: Yes
Total # of Buildings: Yes
Year Built: 1963
Year Built Source: Public Records
Age: Select One
Accessory Dwelling Unit: No
Disability Access: Yes
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X

Cooling

Centrally Ducted: No
Evaporative Cooling: Yes

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 912
Max Rent: 1500
Market Rent: 1500

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 912
Max Rent: 1500
Market Rent: 1500

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 608
Actual Rent: 900
Max Rent: 1200
Market Rent: 1000

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 608
Actual Rent: 1000
Max Rent: 1200
Market Rent: 1000

Unit Summary

Total Units: 4
Average Unit Size: 760
Average Actual Rent: 475
Annualized: 22800
Total Actual Rent: 1900

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101805608950522708

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 4126.42

Construction Materials

Brick: Yes
Stucco: Yes

Amenities

Private Patios: Yes
Security Gate: Yes
Wshr/Dryr HU in Unit: Yes

Flooring

Tile: Yes

Heating

Electric: Yes

Owner Pays

Water: Yes

Tenant Pays

Some Utilities: Yes

Build Description

Resale: Yes

Appliances included

Cooktop: Yes
Disposal: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Roof

Shingle: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Call Listing Broker: Yes

Zoning

R-MH*: Yes

Property Features

Construction Materials: Brick; Stucco Build Description: Resale Amenities: Private Patios; Security Gate; Wshr/Dryr HU in Unit Appliances included: Cooktop; Disposal Utilities: Electricity Connected; Sewer Connected; Water Connected Heating: Electric Cooling: Evaporative Cooling Flooring: Tile Green Energy Generation: None Electric Provider: Public Utility Owner Pays: Water Tenant Pays: Some Utilities Roof: Shingle Rental Info: Call Listing Broker Finance Considered: Cash; Conventional Zoning: R-MH*

Listing Office: EXP Realty, LLC

Last Updated: April – 09 – 2026

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