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Great investment opportunity just 10 minutes from UNM and Nob Hill! This property features 2-bedroom, 1-bathroom units, individually metered for gas and electricity. Vacant units need some TLC, offering value-add potential to improve rental income and property value. Shares a courtyard with 540 Ortiz (MLS# 1112705 ), creating an excellent opportunity for a combined investment. Seller prefers to sell both properties together. Owner financing may be available. Please do not disturb tenants. Contact the listing agent for showing access.

  • Bedrooms
    8
  • Year Built
    1983
  • Stories
    2.0
  • Construction Materials
    Stucco
  • Living Area
    3360.0
  • Appliances
    Refrigerator, Disposal, Range Hood, Free-Standing Electric Range
  • Flooring
    Laminate
  • Cooling
    Evaporative Cooling
  • Heating
    Forced Air

  • Acres
    0.16
  • Utilities
    Cable Available, Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

  • Area
    71 - Southeast Heights
  • County
    Bernalillo
  • City
    Albuquerque
  • Zip Code
    87108

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Frequently Asked Questions

How do I schedule a tour of 538 Ortiz Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 538 Ortiz Dr.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 538 Ortiz Dr?

Click Ask a Question to talk with our team. You already know it is a 8 bed, N/A bath, listed for $370,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Albuquerque, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 538 Ortiz Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 538 Ortiz Dr at around $2,288. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 538 Ortiz Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Bernalillo County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 538 Ortiz Dr?

In most cases, yes. Whether 538 Ortiz 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.

How do I make an offer on 538 Ortiz Dr?

We can handle that for you. Our preferred local agent specializes in residential incomes in Albuquerque and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $370,000 with 3,360 sqft of space—that comes out to approximately $110 per square foot.

How long has this property been on the market?

538 Ortiz Dr was listed on October 17, 2026, which means it's been on the market for 22 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 1983, making it approximately 43 years old.

What is the lot size of this property?

538 Ortiz Dr sits on a 0.16-acre lot, which is 6,970 square feet.

What are the property taxes for 538 Ortiz Dr?

The most recent public record shows annual property taxes for 538 Ortiz Dr were approximately $3,378. 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 538 Ortiz Dr still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

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 08, 2026 at 10:36AM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1112703