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1033 Louisiana Blvd SE, Albuquerque, NM, 87108

6beds
3baths
2,296sqft
$319,000
$139price/sqft
$2,117/moest. monthly cost
$84,680/yrincome needed

About This Home

Fantastic investment opportunity! This well-maintained triplex offers two occupied rental units and one available for owner-occupancy or additional income potential. The property offers spacious living areas, functional kitchens, and private entrances for each unit. Ideal for investors or owner occupants seeking steady rental income. Located near schools, shopping, and commuter routes, this triplex combines comfort and practicality with strong rental history and long-term potential. A rare find that's ready to start generating income from day one! 'Subject to seller's 1031 exchange; no cost to buyer.

Getting Around

51
WalkingSomewhat Walkable
29
TransitSome Transit
64
BikeBikeable

Schools

5/10
Emerson Elementary SchoolGrades PK-50.6 mi
2/10
Van Buren Middle SchoolGrades 6-80.4 mi
2/10
Highland High SchoolGrades 9-121.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1957

Materials

  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3

Features

  • Ceiling Fan(s)
  • Flooring: Carpet,Vinyl

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: Evaporative Cooling,Ceiling Fan(s)

Interior Area

  • Total structure area: 2,296
  • Total interior livable area: 2,296 sqft

Property

Details

  • Parcel number: 101805651408741604
  • Zoning description: R-1A*

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 8,276 sqft

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

  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Earthquake
Lightning

FEMA Declared Disasters in Bernalillo County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

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

MonthlyAnnual
Mortgage $1,613$19,356
Home Insurance *$116$1,392
Property Taxes $225$2,700
Electricity $163$1,958
Total$2,117$25,404
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,582/yr
40% on housing$63,510/yr
45% on housing$56,453/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

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.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$139This listing

vs Other Active Listings

Avg $/sqft

ZIP 87108$163
Bernalillo County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 87108
Bernalillo County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-17Listed for sale$334,000
2026-02-16Listing removed$339,000
2026-01-31Listed for sale$339,000
2026-01-29Listing removed$350,000
2025-11-15Listed for sale$350,000
2020-09-01Listing removed$695
2020-07-14Listed for rent$695
2020-05-12Listing removed$625
2020-04-17Price change$625
2020-03-30Listed for rent$675
2019-07-28Listing removed$675
2019-06-03Listed for rent$675
2019-02-21Sold--
2019-02-03Pending sale$132,500
2019-01-15Listed for sale$132,500
2019-01-02Pending sale$132,500
2018-11-23Listed for sale$132,500
2016-01-26Listing removed$550
2015-10-28Listed for rent$550

For Sale by Agent

AgentJamie Lynn Cline
BrokeragePrecise Real Estate

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