$1,390,000
active517 1st Street SW, Albuquerque, NM 87102
Lot
21,257 sqft
Type
land
About This Property
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
Features & Amenities
Property Details
| MLS # | 1072123 |
| Property Type | land |
| Lot Size | 21,257 sqft |
| Property Tax (est.) | $940/yr ($78/mo) |
| Status | Active |
| Days on Market | 616 |
About Downtown / EDo → Full Guide
Price vs. Neighborhood
This home
Downtown / EDo median
348% above the Downtown / EDo median. Homes here sell in an average of 36 days.
Commute Times
Unm
8 min
Downtown
0 min
Abq Studios
18 min
Sandia Labs
20 min
Kirtland Afb
15 min
Presbyterian
5 min
Intel Rio Rancho
30 min
Nearby Schools
Albuquerque High School
9-12 · APS
Longfellow Elementary
K-5 · APS
Washington Middle School
6-8 · APS
Neighborhood Guide
Explore Downtown / EDo
Urban & Revitalizing
Listing courtesy of NM Apartment Advisors, Inc.. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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