2702 Morrow Road NE, Albuquerque, NM 87106 (MLS # 1088936)
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''House of Modern,'' is a beautifully designed home that can be used as a single family house, but also comes with an incredible business opportunity. $178k in gross income, over $122k net and an unheard of 11.25% cap rate. Live in the front with a truly custom kitchen, formal dining (easily transformed into a bedroom with a retractable wooden wall), and a primary bedroom suite. The property currently features 5 highly profitable furnished Short Term Rentals (STRs). The spa-like suites boast dedicated parking, private entrances, outdoor spaces, and an attention to decor and features resulting in many repeat clients. Create a 6th suite out of the primary - and to use the entire property for investment - easily use the front living space as a one bedroom suite for a total of seven space
| DAYS ON MARKET | 52 | LAST UPDATED | 9/11/2025 |
|---|---|---|---|
| YEAR BUILT | 1952 | COMMUNITY | 40 - UNM |
| COUNTY | Bernalillo | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Montezuma |
|---|---|
| Jr. High School | Jefferson |
| High School | Albuquerque |
| PRICE HISTORY | |
| Prior to Sep 11, '25 | $1,200,000 |
|---|---|
| Sep 11, '25 - Today | $1,000,000 |
| ADDITIONAL DETAILS | |
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 40 - UNM |
| CONSTRUCTION | Frame, Stucco |
| EXTERIOR | Courtyard, Fire Pit, Private Entrance |
| FIREPLACE | Yes |
| HEAT | Ductless |
| INTERIOR | Breakfast Bar, High Speed Internet, Master Downstairs, Pantry |
| LOT | 10019 sq ft |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 5245.48 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| WATER | Public |
| ZONING | R-1D* |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
Listed with Talia Freedman and Co.
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