517 1st Street SW, Albuquerque, NM 87102 (MLS# 1072123)

517 1st Street SW, Albuquerque, NM 87102

$1,390,000

Property Type: Land Lot Size (sq. ft.): 21,257 Status: Active

Current Price: $1,390,000 List Date: 10/08/2024 Last Modified: 6/16/2026

Overview

Description

The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District. The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983. Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open

Listing Details MLS# 1072123

Contract Information

List Price/Acre: 2836734.69
List Price/Lot SqFt: 65.39

Location

Street #: 517
Street Name: 1st
St Suffix: Street
Post Direction: SW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
MLS Area Major: 80 - Downtown Area
Zone Atlas: K14

General Property Description

# of Lots: Yes
Acres: 0.49
Lot SqFt: 21257
Lot Size Source: Survey
Apx Lot Dim Front: 150
Apx Lot Dim Side: 107
Flood Zone: X
Elementary School: Dolores Gonzales
Middle School: Washington
High School: Albuquerque
Package Deal: No

Legal Description Details

Short Legal Desc: Lot C, Block A, Atlantic and Pacific Addition
Tract: N/A
Unit: N/A
Block: N/A
Lot: N/A
Subdivision Name: Atlantic & Pacific
Section: N/A
Township: N/A
Range: N/A

Utility Impact Fee

Utility Impact Fee: No

Sales Info

Seller Assist Ofrd: No
Trade/Xch Considered: No

More Information

Association Details

Association: No

Property Features

Distance to Water: In Street Dist to Electrical: In Street Distance to Sewer: In Street Distance to Phone: In Street Distance to Gas: In Street Distance to Cable: In Street Possession: Day of Funding Type: Lot Topography: Mostly Level Property Access: E Property Line; S Property Line Features: Curb And Gutter Utilities: Electricity Available; Natural Gas Available; Sewer Available; Water Available Restrictive Covenant: Other Wastewater: Public Sewer Water Source: Water System Finance Considered: Cash; Conventional Zoning: MX-H*

Documents

Flyer ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: June - 16 - 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.