421 Virginia St NE
Albuquerque, NM 87108
Specialty Property For Sale · 1,542 SF

421 Virginia St NE presents an exceptional opportunity to acquire a single-family residential investment property in the heart of Albuquerque’s Southeast Heights. This 1,542 sq. ft. home sits on a 0.155-acre lot and is currently leased at $2,700/month, generating $32,400 in projected annual rental income. The tenant pays for all utilities, including water, sewer, trash, gas, and electricity, providing a streamlined and low-touch investment model.
A standout feature of this property is the fully owned solar panel system, which adds long-term value and utility cost savings for tenants — a significant draw in today’s market. With just $10,220.00 in projected annual operating expenses (including taxes and insurance), investors can expect a strong net operating income and a reliable cash-flowing asset in a desirable infill location.
The home was built in 1971 and features a classic, efficient floor plan ideal for long-term rental stability. Located near the Mesa Verde neighborhood and just minutes from retail corridors, parks, and major commuter routes, the property benefits from strong rental demand and consistent occupancy potential.
Whether you are an investor expanding your single-family rental portfolio or seeking a hybrid play in the growing Albuquerque market, 421 Virginia St NE offers the rare combination of solar efficiency, full utility pass-through to tenants, and favorable operating economics.
This listing is part of a larger portfolio that includes one single-family income-producing home and two apartment buildings. Please contact Tai Alley at 505 980-6151 if you would like more information on the complete portfolio. The seller is offering a Real Estate Contract REC to qualified investors at very attractive terms for this property and the complete portfolio.