1512 & 1510 3rd St NW, Albuquerque, NM, 87102
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1920
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Features
- Flooring: See Remarks
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Evaporative Cooling,Other
Interior Area
- Total structure area: 513
- Total interior livable area: 513 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 101405830044611924
- Zoning description: NR-LM*
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 9,147 sqft
Parking
- Total spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Bernalillo County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,972 | $23,664 |
| Home Insurance * | $118 | $1,416 |
| Property Taxes | $276 | $3,312 |
| Electricity | $148 | $1,780 |
| Total | $2,514 | $30,168 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-28 | Listed for sale | $425,000 |
View on Zillow