403 San Felipe Street Nw, Albuquerque, NM


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Square feet



About 403 San Felipe Street Nw

This investment opportunity, located in Historic Old Town, is a three-unit mixed-use income property with a target IRR of 20.49% and capitalization rate of 5.71% at full optimization. The current owner has made significant repairs, including installing a new roof, fixing the plumbing, sewer, and electrical systems, adding a concrete slab foundation in one unit, repairing framing, sheetrock, and flooring, and installing new air conditioning systems. The property also offers off-street parking for up to 9 vehicles and a detached garage that can be used for parking or commercial purposes. The primary building is a charming adobe home with two bedrooms and two living areas that can also be used as retail or office space. Also included is a duplex building with a studio and 1 bedroom apartment.

Features of 403 San Felipe Street Nw

MLS® # 1028416
Price $750,000
Bathrooms 0.00
Square Footage 2,227
Acres 0.24
Type Commercial Sale
Sub-Type Mixed Use
Status Active
Is Green No
Guest House No

Community Information

Address 403 San Felipe Street Nw
Area 80 - Downtown Area
City Albuquerque
County Bernalillo
State NM
Zip Code 87104


Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking On Site
Is Waterfront No
Has Pool No


Heating Ductless, Floor Furnace, Wall Furnace
Cooling Ductless, Evaporative Cooling, Refrigerated
Fireplace No


Construction Adobe, Frame, Stucco

Additional Information

Date Listed January 20th, 2023
Days on Market 40
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty

Listing Map

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