# 1315 Madeira Drive SE, Albuquerque, NM 87108 > **TL;DR:** 3bd/0ba multi-family, $522,720, built 1980. Est. $2,795/mo. Listed 98 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $522,720 | | Bedrooms | 3 | | Year Built | 1980 | | Lot Size | 8,712 sqft (0.20 acres) | | Stories | 1 | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 98 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,643 | | Estimated Insurance | $152 | | **Total** | **$2,795** | ## Property Highlights - Built in 1980 - 0.20 acre lot - 6 parking spaces ## Description ### Agent Description This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire an amazing fourplex that was built by the same engineer/ developer who built the Trestle. What is the Trestle? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history. This fourplex is part of a larger 16 units (4 x fourplexes) community that was developed by Dr. Carl Baum as his primary residence while he worked at Kirtland Air Force Base. Dr. Baum was known as a world recognized expert on electromagnetic pulse phenomena. He designed and built this portfolio of apartments to be closer to work and model his lifestyle after his work ethic. Beyond this Property's rich history, residents love the upgraded & properly loaded 2 bedroom 1 bath floor plans with quality updates, solid surface flooring throughout, modern fixtures, full size washer / dryers in a separate utility closets, big courtyard spaces, and large & updated kitchens with all appliances -including dishwashers. Measures of investment performance include: at ask price of $522,720, $130,650 per unit, $138.87/sf, 6.92% before reserves CAP rate, a 6.75% after reserves cap rate, and an after tax IRR of 19.2%. ## Location - **Address:** 1315 Madeira Drive SE, Albuquerque, NM 87108 - **County:** Bernalillo - **Neighborhood:** Summary Plat Tract B Virginia Place Add - **Coordinates:** 35.059441, -106.584576 - **Google Maps:** https://www.google.com/maps?q=35.059441,-106.584576 ## Listing Agent - **Name:** Todd D Clarke · **License:** 13711 - **Brokerage:** NM Apartment Advisors Inc. - **Broker Phone:** (505) 440-8633 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1315-Madeira-Dr-SE_Albuquerque_NM_87108_M28829-86541?f=listhub&s=GAARNM&m=1108087&c=propsimple) ## Photos ![1315 Madeira Drive SE - Photo 1](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f948854370r.jpg) ![1315 Madeira Drive SE - Photo 2](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f939983015r.jpg) ![1315 Madeira Drive SE - Photo 3](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f275621483r.jpg) ![1315 Madeira Drive SE - Photo 4](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f1984253068r.jpg) ![1315 Madeira Drive SE - Photo 5](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f4227906988r.jpg) ![1315 Madeira Drive SE - Photo 6](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f267108490r.jpg) ![1315 Madeira Drive SE - Photo 7](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f3219356098r.jpg) ![1315 Madeira Drive SE - Photo 8](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f939983015r.jpg) ![1315 Madeira Drive SE - Photo 9](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f4005386749r.jpg) ![1315 Madeira Drive SE - Photo 10](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f2939151913r.jpg) ![1315 Madeira Drive SE - Photo 11](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f1514697222r.jpg) ![1315 Madeira Drive SE - Photo 12](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f1513578220r.jpg) ![1315 Madeira Drive SE - Photo 13](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f683317289r.jpg) ![1315 Madeira Drive SE - Photo 14](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f2938732665r.jpg) ![1315 Madeira Drive SE - Photo 15](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f636797943r.jpg) ![1315 Madeira Drive SE - Photo 16](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f2159859575r.jpg) ![1315 Madeira Drive SE - Photo 17](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f1131356049r.jpg) ![1315 Madeira Drive SE - Photo 18](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f335615487r.jpg) ![1315 Madeira Drive SE - Photo 19](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f194802711r.jpg) ![1315 Madeira Drive SE - Photo 20](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f196924986r.jpg) ![1315 Madeira Drive SE - Photo 21](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f3934191967r.jpg) ![1315 Madeira Drive SE - Photo 22](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f377464659r.jpg) ![1315 Madeira Drive SE - Photo 23](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f783307642r.jpg) ![1315 Madeira Drive SE - Photo 24](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f1335392122r.jpg) ![1315 Madeira Drive SE - Photo 25](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f2590876013r.jpg) ![1315 Madeira Drive SE - Photo 26](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f1961330983r.jpg) ![1315 Madeira Drive SE - Photo 27](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f2620259826r.jpg) ![1315 Madeira Drive SE - Photo 28](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f3036981860r.jpg) ![1315 Madeira Drive SE - Photo 29](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f3094952894r.jpg) ![1315 Madeira Drive SE - Photo 30](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f1178329922r.jpg) ![1315 Madeira Drive SE - Photo 31](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f3010256263r.jpg) ![1315 Madeira Drive SE - Photo 32](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f723143568r.jpg) ![1315 Madeira Drive SE - Photo 33](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f2272220682r.jpg) ![1315 Madeira Drive SE - Photo 34](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f2223238680r.jpg) ![1315 Madeira Drive SE - Photo 35](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f260485733r.jpg) ![1315 Madeira Drive SE - Photo 36](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f2944696879r.jpg) ![1315 Madeira Drive SE - Photo 37](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f1654487782r.jpg) ![1315 Madeira Drive SE - Photo 38](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f3694687711r.jpg) ![1315 Madeira Drive SE - Photo 39](http://lh.rdcpix.com/dbc0f3c8cf2f7e502cd0dcb10c23bc98l-f2970159793r.jpg) --- **MLS#:** 1108087 | **Updated:** 2026-10-31 **Source:** listhub *Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/1315-madeira-drive-se-albuquerque-nm-87108-b2af53a549d34ebe9168d3f7d7dde029) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1315-madeira-drive-se-albuquerque-nm-87108-b2af53a549d34ebe9168d3f7d7dde029#listing", "url": "https://staging.propertysimple.ai/listing/1315-madeira-drive-se-albuquerque-nm-87108-b2af53a549d34ebe9168d3f7d7dde029", "name": "1315 Madeira Drive SE, Albuquerque, NM 87108", "description": "This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire an amazing fourplex that was built by the same engineer/ developer who built the Trestle. What is the Trestle? 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