Searching ...

The property features two-story town home style apartments, which are separately metered for gas and electric and come with bonus, updated detached storage closets. All apartments offer pragmatic floor plans that are significantly larger than other apartments in the submarket. Residents enjoy spacious, multi-functional living areas, galley kitchens with all appliances (including dishwashers), separate utility rooms with full size washers / dryers, and private outdoor living spaces. 804 & 808 Ortiz offers 2 bed / 1 bath floorplans while 812 Ortiz offers two 3 bed 1.5 bath floor plans and two 2 bed / 1 bath floor plans. Secured access courtyards provide lots of additional landscaped outdoor space for residents to enjoy. Many of the apartments have been completely renovated as well - with new appliances, new luxury vinyl plank & tile flooring, and new fixtures and finishes throughout. At list price, the Seller is open to seller financing with a 15% down payment, and 6% interest rate, 30 year amortization and 5 year call. A larger down payment can increase or extend the balloon period.Located on a vastly improved block with quick and easy access to parks, shopping, Nob Hill, I-40, Kirtland Air Force Base, and the new Albuquerque Community Services Headquarters. This unique 12-unit compound is the rare offering of flexible, multi-generational living opportunities, a solid income generating community with further value add potential, and quality secure, townhome style housing in an improving neighborhood.Metrics of investment performance at the ask price of $1,424,506 include a price per sf of $129, a price per unit of $118,709, and with current rents at $1,134 per month, it generates a GRM of 8.73, a cap rate after reserves of 6.86% and an after tax IRR of 15.10%.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1972
  • 0.46 Acre Lot
  • 89 days on Market

  • Bedrooms
    5
  • Year Built
    1972
  • Stories
    2.0
  • Construction Materials
    Frame, Stucco, Block
  • Living Area
    9650.0
  • Appliances
    Refrigerator
  • Flooring
    Vinyl
  • Cooling
    Evaporative Cooling
  • Heating
    Forced Air

  • Acres
    0.46
  • Lot Features
    Landscaped
  • Utilities
    Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

  • Area
    71 - Southeast Heights
  • County
    Bernalillo
  • City
    Albuquerque
  • Neighborhood
    Lots 2, 3 & 4, Block 6, Esparanza Addition
  • Zip Code
    87108

Ask a Question

preferred real estate partner

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 808 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 808 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 808 Ortiz Dr?

Click Ask a Question to talk with our team. You already know it is a 5 bed, N/A bath, listed for $1,424,506. 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 do I get a virtual tour of 808 Ortiz Dr?

Yes! A virtual tour is available for 808 Ortiz Dr. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 808 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 808 Ortiz Dr at around $8,605. 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 808 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 808 Ortiz Dr?

In most cases, yes. Whether 808 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 808 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 $1,424,506 with 9,650 sqft of space—that comes out to approximately $148 per square foot.

How long has this property been on the market?

808 Ortiz Dr was listed on August 10, 2026, which means it's been on the market for 89 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 1972, making it approximately 54 years old.

What is the lot size of this property?

808 Ortiz Dr sits on a 0.46-acre lot, which is 20,038 square feet.

What are the property taxes for 808 Ortiz Dr?

The most recent public record shows annual property taxes for 808 Ortiz Dr were approximately $10,569. 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 808 Ortiz 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

Popular Home Searches in Albuquerque, NM


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

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 07, 2026 at 07:57AM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1108861