1812 Mary Ellen Street NE, Albuquerque, NM 87112

$990,000

Property Type: Residential Income Square Footage: 6,720 Lot Size (sq. ft.): 11,003 Status: Closed

Current Price: $990,000 List Date: 8/08/2025 Last Modified: 2/25/2026

Overview

Description

Value-add investment with immediate upside! Two 4-plexes (1812 Mary Ellen and 1816 Mary Ellen, 8 units total) sold together—each on its own deeded lot. 7 of 8 units currently rented, offering solid income with significant upside. Below-market rents present a strong opportunity to increase cash flow and long-term ROI. All units are 2 bed, 1 bath with functional layouts that are easy to rent. Located in a high-demand, appreciating area near transit, major employers, schools, and shopping. A units have private backyards; B units have side yards. All units include storage. Well-lit off-street parking.

Listing Details MLS# 1089406

Status Change Info

Pending Date: 2025-09-23
Closing Date: 2026-02-25

Contract Information

List Price/SqFt: 147.32
Allowance/Concession: No

Location

Street #: 1812
Street Name: Mary Ellen
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87112
MLS Area Major: 50 - Northeast Heights
Zone Atlas: H21

CityCounty Data

Subdivision Name: Snow Height Addition

General Property Description

# of Units: 8
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 6720
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.25
Lot SqFt: 11003
Directions: From I-40 and Eubank, north to Indian School, east to Mary Ellen, north to property.
Stories: Yes
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1971
Age: Select One
Accessory Dwelling Unit: No
Disability Access: Unknown
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Flood Zone: X

Cooling

Centrally Ducted: Yes
Evaporative Cooling: Yes

More Information

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 8
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 840
Actual Rent: 975
Max Rent: 975
Market Rent: 975

Unit Summary

Total Units: 8
Average Unit Size: 840
Average Actual Rent: 975
Annualized: 93600
Total Actual Rent: 7800

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 102105904505630213

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 8208.12

Amenities

Some Landscaping: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Other - See Remarks: Yes

Tenant Pays

Other - See Remarks: Yes

Build Description

Resale: Yes

Appliances included

Free-Standing Electric Range: Yes
Refrigerator: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Finance Considered

Cash: Yes
Conventional: Yes
FHA: Yes

Rental Info

Other - See Remarks: Yes

Zoning

R-MH*: Yes

Property Features

Build Description: Resale Amenities: Some Landscaping Appliances included: Free-Standing Electric Range; Refrigerator Utilities: Electricity Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Vinyl Green Energy Generation: None Electric Provider: Public Utility Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Rental Info: Other - See Remarks Finance Considered: Cash; Conventional; FHA Zoning: R-MH*

Listing Office: Coldwell Banker Legacy

Last Updated: February - 25 - 2026

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1812 Mary Ellen Street NE, Albuquerque, NM 87112 (MLS# 1089406)