1200 Ortiz Dr SE, Albuquerque, NM, 87108
About This Home
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1964
Materials
- Construction materials: Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Flooring: Carpet,Vinyl
Heating & Cooling
- Heating features: Active Solar,Other
- Cooling features: Other
Interior Area
- Total structure area: 25,632
- Total interior livable area: 25,632 sqft
Property
Details
- Parcel number: 101805604219331411
- Zoning description: R-MH*
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.31 Acres
Parking
- Total spaces: 47
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
- Winter Weather
- Hail
- Inland Flooding
- Lightning
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 | $20,051 | $240,612 |
| Home Insurance * | $116 | $1,392 |
| Property Taxes | $2,808 | $33,696 |
| Electricity | $1,822 | $21,868 |
| Total | $24,797 | $297,564 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-08 | Listed for sale | $3,965,358 |
| 2020-05-22 | Sold | -- |
| 2020-02-10 | Pending sale | $2,000,000 |
| 2019-10-31 | Price change | $2,000,000 |
| 2019-08-01 | Listed for sale | $1,967,000 |
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