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301 Graceland Drive SE
Albuquerque, NM 87108
$695,000
9 bd • 5 ba • 3,335 sqft • 0.19 acres
1 Story
Stories
$208
Per SQFT
1962
Year Built
08/11/2026
Listing Date
1109351
Listing #
87108
Zip Code
About This Property
Huge Price Improvement!!! 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. Three units are 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.
Interior
Bathrooms Total:
5
Interior Features:
Skylights
Appliances:
Free-Standing Electric Range, Refrigerator
Flooring:
Carpet, Concrete
Window Features:
Skylight(s)
Exterior And Lot
Lot Size Acres:
0.19
Lot Size Square Feet:
8276
Building And Construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
3,335 sqft
Year Built:
1962
New Construction:
No
Levels:
One
Number Of Units Total:
5
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1109351
Listing Terms:
Cash, Owner May Carry, Other, See Remarks
Number Of Buildings:
1
Owner Pays:
Common Area Maintenance, Parking Fee, Sewer, Trash Collection, Water
Tenant Pays:
Electricity, Gas
Total Actual Rent:
3450
Area And Schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
UNM South
Subdivision:
Grande Add
County:
Bernalillo
Parcel Number:
101705721914732905
Utilities
Utilities:
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Central, Forced Air
Heating (Y/N):
Yes
Location
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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.
Mortgage Calculator
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Monthly Payment**:
** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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Listing courtesy of Realty One Group Concierge
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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera
Real Estate Broker in Albuquerque, NM