Homes by Carolyn Fischman

301 Graceland Drive SE, Albuquerque, NM 87108 (MLS# 1098316)

301 Graceland Drive SE, Albuquerque, NM 87108

$850,000
Property Type: Residential Income Square Footage: 3,335 Lot Size (sq. ft.): 8,276 Status: Active
Current Price: $850,000 List Date: 2/13/2026 Last Modified: 2/14/2026

Overview

Description

Mid-century Nob Hill investment opportunity offering immediate income and long-term upside. This five-unit property consists of four two bedroom units and one one-bedroom unit, all fully renovated with modern kitchens, updated bathrooms, new plumbing, flooring, and washer/dryer hookups no deferred maintenance required. One unit is currently leased and generating cash flow, providing in-place income. Located in a prime Nob Hill neighborhood with strong rental demand, the property presents an attractive opportunity for investors seeking stable returns, rent growth potential, and long term appreciation.

Listing Details MLS# 1098316

Contract Information

List Price/SqFt
254.87
Allowance/Concession
No

Location

Street #
301
Street Name
Graceland
St Suffix
Drive
Post Direction
SE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87108
Zip +4
2778
MLS Area Major
42 - UNM South
Zone Atlas
K17

CityCounty Data

Subdivision Name
Grande Add

General Property Description

# of Units
5
5+ Units
Yes
Property Sub-Type
Multi-Family
Living Area
3335
Lot Size Source
On-Line
Acres
0.19
Lot SqFt
8276
Directions
From Central and Washington go south on Washington past Silver to Mesa Grande then west to Graceland. Property is on the NE corner of Mesa Grande and Graceland.
Stories
Yes
Total # of Buildings
Yes
Year Built
1962
Age
Select One
Accessory Dwelling Unit
No
Disability Access
Unknown
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
No
Flood Zone
D

Cooling

Centrally Ducted
Yes
Evaporative Cooling
Yes

Sales Info

Trade/Xch Considered
No

More Information

# of Unit Types (1)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
700
Actual Rent
1250
Max Rent
1400
Market Rent
1400

# of Unit Types (2)

# of Units
Yes
# of Bedrooms
2
# Baths
2
Approx. SqFt
700
Actual Rent
1200
Max Rent
1400
Market Rent
1400

# of Unit Types (3)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
600
Actual Rent
1000
Max Rent
1250
Market Rent
1350

# of Unit Types (4)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
650
Max Rent
1200
Market Rent
1200

# of Unit Types (5)

# of Units
Yes
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
650
Max Rent
1200
Market Rent
1200

Unit Summary

Total Units
5
Average Unit Size
660
Average Actual Rent
690
Annualized
41400
Total Actual Rent
3450

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101705721914732905

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
5500.28

Construction Materials

Frame
Yes

Amenities

Skylights
Yes

Flooring

Carpet
Yes
Concrete
Yes

Heating

Central
Yes
Forced Air
Yes

Owner Pays

Trash Removal
Yes

Tenant Pays

Electric
Yes
Water
Yes

Build Description

Resale
Yes

Appliances included

Free-Standing Electric Range
Yes
Refrigerator
Yes

Utilities

Electricity Connected
Yes
See Remarks
Yes
Sewer Connected
Yes
Water Connected
Yes

Green Energy Generation

None
Yes

Electric Provider

Public Utility
Yes

Parking

1.5 Spaces Per Unit
Yes

Roof

Flat
Yes

Finance Considered

Cash
Yes
Conventional
Yes
VA
Yes

Rental Info

Other - See Remarks
Yes

Zoning

MX-T*
Yes

Property Features

Construction Materials: Frame Build Description: Resale Amenities: Skylights Appliances included: Free-Standing Electric Range; Refrigerator Utilities: Electricity Connected; See Remarks; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Concrete Green Energy Generation: None Electric Provider: Public Utility Owner Pays: Trash Removal Tenant Pays: Electric; Water Parking: 1.5 Spaces Per Unit Roof: Flat Rental Info: Other - See Remarks Finance Considered: Cash; Conventional; VA Zoning: MX-T*
Listing Office: Keller Williams Realty
Last Updated: February - 14 - 2026
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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