potential cap rate of 11.1%Residents enjoy a soft-gated community entry and parking right in front of their apartments. They also love the pragmatic floor plans, including open kitchens with lots of counter space, inviting bar tops, and a mix of contemporary and well-preserved mid-century modern tilework and fixtures. Over-sized full bathrooms boast expansive mid-century modern built-ins and tile work - including nearly 10 feet of counter, vanity space, and built-ins. Recent apartment upgrades include thermal windows, updated fixtures, fresh paint, and quality Luxury Vinyl Plank flooring throughout. Recent community updates include a large and accommodating community laundry room (with free machines for residents) and multiple quality, secured communal outdoor spaces.
Multi-familyProperty Type
1960Year Built
1 acresLot Size
$100Price/Sq.Ft.
Listed by Todd Clarke• NM Apartment Advisors, Inc.
Trumbull Village, located between Central Avenue and Lomas Boulevard, is a mid-century and residential Albuquerque neighborhood with a grid of quiet streets and quick ties to Route 66. The neighborhood’s character concentrates around the Central Ave & San Mateo Blvd corridor, where neon-era storefronts, local diners, and small studios set a classic Albuquerque streetscape. Low-slung ranch homes and mature trees give the blocks a steady, lived-in feel, while nearby arterials keep daily errands straightforward. Community pillars nearby include The Guild Cinema, La Cumbre Brewing Co., and the Indian Pueblo Cultural Center for film, craft beer, and cultural programming. Parks and multi-use paths add room for walks and bike rides without leaving the area.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Carpet and vinyl flooring
Bedrooms
Two-bedroom units (unit type 1)
One-bedroom units (unit type 2)
Bathrooms
One bathroom per unit type
Kitchen
Refrigerator included
Laundry & utility
On-site laundry facilities (community)
Flooring
Carpet
Vinyl
Exterior features
Property sits on a 1-acre lot
Zoned R-T*
Resale condition
Home design
Two-story building
Single building containing all units
Construction
Brick veneer and frame construction
Built by unknown builder
Utilities
Electricity connected
Natural gas connected
Phone connected
Sewer connected
Water connected
Financial info
Total of 25 units
Total monthly rent reported: $18,559
Gross annual income reported: $216,455
Operating expenses reported: $101,013
Typical unit rents (reported): $895 for 2-bed unit; $736 for 1-bed unit
Electricity and solar
View estimated energy costs and solar savings for this home
NOTE * * * Seller has accepted an offer, but purchase and sale agreement allows Seller to continue to receive offers in a backup position. Although recent renovations have been done, this investment is a value add opportunity. Measures of investment performance at ask price of $939,963 and current average rent of $508 are a GRM of 5.84, a 9.06% cap rate, $37,599 per unit, $61.34/sf and a before tax IRR of 26.40% and an after tax IRR of 20.40%. If rents are raised to submarket average of $660, measures of investment performance increase to a GRM of 4.75, a 12.30% cap rate and a 27.82% cash on cash.
Public Records
Jun 28, 2013
Sold
—
Public Records
Dec 17, 2012
Sold
—
Public Records
Aug 31, 2011
Sold
—
Public Records
Dec 30, 2010
Sold
—
Public Records
Dec 30, 2010
Sold
—
Public Records
Oct 2, 2008
Sold
$900,000
$56/sq ft
Public Records
Jun 28, 2005
Sold
$550,000
$34/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$12,050 (+3.2%)
$89,619 + $204,109
$293,728
2024
$11,681 (+1.7%)
$87,009 + $198,164
$285,173
2023
$11,487 (+3.5%)
$84,475 + $192,392
$276,867
2022
$11,100 (+0.5%)
$82,014 + $186,789
$268,803
2021
$11,049 (−1.3%)
$79,625 + $181,349
$260,974
2020
$11,194 (+0.7%)
$79,625 + $181,349
$260,974
2019
$11,115 (−2.2%)
$79,625 + $181,349
$260,974
2017
$11,368
$79,625 + $187,681
$267,306
2016
$11,372 (+0.9%)
$79,625 + $187,681
$267,306
2014
$11,271
$79,625 + $185,815
$265,440
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
16,020
Year built
1960
Style
Multi-Family (5+ Unit)
County
Bernalillo County
APN
101905645152311926
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
R-T
Residential – Townhouse Zone District
The purpose of the R-T zone district is to accommodate a mix of single-family, two-family, and townhouse uses, as well as limited civic and institutional uses to serve the surrounding residential area. Other allowable uses are shown in Table 4-2-1.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Garden center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure
Library
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
6 days above 94° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Albuquerque, NM • 87108
Average low and high temperatures (°F)
48
26
62
35
70
41
73
46
79
54
92
65
91
67
92
68
85
59
76
51
60
36
56
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8600 Zuni Rd SE
There isn’t enough information to generate an accurate estimate at this time. Learn More