About 511 Spruce Street Se
Offered at $850,000 ($141,666/unit) with an attractive 7.28% acquisition cap rate, 511 Spruce St SE presents a rare opportunity to acquire a fully stabilized multifamily asset with proven in-place cash flow. The property is 100% occupied and features four fully furnished units, with five of the six units having undergone extensive renovations including new roofs, heating and cooling systems, exterior paint and stucco, appliances, flooring, and interior paint. A diverse unit mix supports broad tenant demand, while its long history of strong occupancy as furnished rentals is complemented by an exceptional location near UNM, Presbyterian Hospital, CNM, Kirtland Air Force Base, and Downtown Albuquerque.
Residential Income property for sale in Albuquerque, NM at 511 Spruce Street Se. This 7 bedroom Residential Income property is priced at $227/sqft
Features of 511 Spruce Street Se
| MLS® # | 1105527 |
|---|---|
| Price | $850,000 |
| Bedrooms | 7 |
| Bathrooms | 6.00 |
| Square Footage | 3,749 |
| Acres | 0.31 |
| Year Built | 1936 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information: Albuquerque
| Address | 511 Spruce Street Se |
|---|---|
| Area | 42 - UNM South |
| Subdivision | Terrace Add |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87106 |
Amenities of 511 Spruce Street Se
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior of 511 Spruce Street Se
| Interior | Tile, Vinyl |
|---|---|
| Appliances | Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator |
| Heating | Ductless |
| Cooling | Ductless, Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Additional Information On 511 Spruce Street Se
| Date Listed | June 15th, 2026 |
|---|---|
| Days on Market | 80 |
| RE / Bank Owned | No |
Listing Details
| Office | NAI SunVista Commercial RE |
|---|