$331,592
533 Valencia Dr , Albuquerque, NM 87108
- 1
- beds
- 1,929
- sqft
- 1940
- year built
- Status:
- Active
- MLS #:
- 1109654
- Neighborhood:
- Plat Of Shirley S Subdivision
- County:
- Bernalillo
- Listed By:
- Anita Maestas - Maestas Real Estate Services
- Agent Phone:
- (505) 463-3565
- Agent Email:
- anita@maestasrealty.com
Sponsoring Broker: Edward Donovan, Continental Real Estate Group, Inc
This well-maintained, charming courtyard-style triplex offers a unique combination of residential character, walkability and investment upside. Mature landscaping, brick walkways and an inviting shared colonnade courtyard give the property a warm residential feel, while off-street parking and private patio space add convenience and privacy.Solatube tubular skylights bring abundant natural light into the residences, creating bright and welcoming interiors. The property also offers dedicated buried tool and storage areas, providing additional secure storage for owner use.The owner has made a number of recent improvements, including a new roof in 2022, new driveways and sidewalks in 2024, and interior renovations.Apartment 533 #6 has been fully renovated and includes a dedicated laundry room with a built-in clothing rack. Additional units offer varying laundry amenities, including washer and washer/dryer hookups.From an investment perspective, there is meaningful room for continued income growth. Current rents average approximately $825, compared with projected market rents of approximately $975, providing an opportunity to increase revenue as rents move toward market.With a start price of $331,592, the property currently offers an 11.16 GRM and 6.11% cap rate, with additional upside as rents are brought closer to market.The owner also owns the adjoining property at 537 Valencia SE, creating an opportunity for a buyer interested in expanding their investment beyond this triplex.Residents are within walking distance of parks, restaurants and retail while enjoying the character and privacy of an established neighborhood.This is the type of property that feels more like housing than apartments--a quality many residents value and one that helps distinguish it from more traditional multifamily properties.Don't miss this opportunity to acquire a distinctive Albuquerque triplex with existing income, recent capital improvements and a clear path for future rent growth.
Highlights
- Residential Income
- Triplex
- Built in 1940
- 0.16 Acre Lot
- 84 days on Market
-
- Bedrooms
- 1
-
- Year Built
- 1940
-
- Stories
- 1.0
-
- Living Area
- 1929.0
-
- Appliances
- Refrigerator, Free-Standing Gas Range
-
- Flooring
- Vinyl, Carpet
-
- Cooling
- Evaporative Cooling
-
- Heating
- Central
-
- Acres
- 0.16
-
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
-
- Area
- 71 - Southeast Heights
-
- County
- Bernalillo
-
- City
- Albuquerque
-
- Neighborhood
- Plat Of Shirley S Subdivision
-
- Zip Code
- 87108
-
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Price History
| 08/21/2026 | Listed | $331,592 |
| Source: Southwest MLS (Greater Albuquerque Association of REALTORS) #1109654 | ||
Source: MLS Data
Deed History
| 01/31/2024 | Warranty Deed | $0 |
| 03/20/2014 | Warranty Deed | $0 |
| 12/06/2013 | Warranty Deed | $0 |
Source: Public records via Constellation Data Labs
Mortgage History
| 01/17/2022 | Conventional | $130,900 |
| 12/06/2013 | Commercial | $82,500 |
Source: Public records via Constellation Data Labs
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There are currently 2087 properties available in Albuquerque, with 12 under contract to close soon. Properties in the city have an average sale price of $419,936 and typically spend 74 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
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How do I get more information about 533 Valencia Dr?
Click Ask a Question to talk with our team. You already know it is a 1 bed, N/A bath, listed for $331,592. We can talk through recent upgrades, potential seller motivation, how this triplex compares to others in Albuquerque, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 533 Valencia Dr?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 533 Valencia Dr at around $2,144. This includes estimated property taxes and insurance.
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How do I get pre-approved to buy 533 Valencia Dr?
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Can I negotiate the asking price for 533 Valencia Dr?
In most cases, yes. Whether 533 Valencia Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Albuquerque's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
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What is the price per square foot for this home?
This home is listed at $331,592 with 1,929 sqft of space—that comes out to approximately $172 per square foot.
How long has this property been on the market?
533 Valencia Dr was listed on August 21, 2026, which means it's been on the market for 84 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1940, making it approximately 86 years old.
What is the lot size of this property?
533 Valencia Dr sits on a 0.16-acre lot, which is 6,970 square feet.
What are the property taxes for 533 Valencia Dr?
The most recent public record shows annual property taxes for 533 Valencia Dr were approximately $3,090. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 533 Valencia Dr still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.
Last Updated: November 13, 2026 at 03:05AM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1109654