Albuquerque NM Multi-Family Real Estate, Homes for Sale

Rare Northeast Albuquerque fourplex offering the kind of upside investors want without the heavy renovation budget. This well-kept property shows very little deferred maintenance, allowing a new owner to focus on operations and long-term income rather than immediately pouring capital into the property. One-year leases are currently in place, while existing rents are collectively approximately 34% below estimated market rents, creating meaningful future income and value-add potential.Major property components have been well maintained, including a parking lot repaved in 2025, roofs estimated at approximately 10 years old, and a water heater estimated at approximately 10 years old. Additional features include each unit has its own storage room, mature, well-kept landscaping, vinyl thermal double-pane windows, and a combination of vinyl plank and carpet flooring.Unit A stands out as a spacious 3-bedroom residence with its own washer and dryer, while the remaining three units have access to a convenient common laundry room.Located in an established Northeast Albuquerque neighborhood near shopping, dining, public transit, employment corridors and the Sandia Foothills, this property offers the combination of location, existing income and future upside that can be difficult to find.This is not a renovation-heavy value-add project. It is an opportunity to acquire a stabilized, well-maintained fourplex with relatively low entry CAPEX and build long-term income by improving operations and capturing the existing rent gap over time. A strong buy-and-hold opportunity for an investor looking for durable Albuquerque real estate with room to grow.

1116 Nakomis Drive NE, Albuquerque

$800,000

6 Beds ⋅ 3 Baths ⋅ 1110588 MLS ⋅ 7 DOM

Prime investment opportunity featuring two side-by-side fourplexes (8 total units)). Each 800 sq ft, 2-bed, 1-bath residence features an efficient floor plan with bright living space, full kitchen, and dedicated in-unit laundry hookups. This high-demand amenity eliminates shared laundry logistics, drives tenant retention, and supports premium rents.

401 & 405 Indiana Street SE, Albuquerque

$499,500

3 Beds ⋅ 3 Baths ⋅ 1110575 MLS ⋅ 3 DOM

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are pleased to present this charming downtown triplex. This property is located in Downtown Albuquerque, within walking distance to breweries, specialty coffee shops, restaurants, grocery stores, major bus routes, and the city's primary courthouses.Tucked behind a classic white picket fence, this unique triplex offers charm and character in a prime location just minutes from the energy of Downtown and Old Town Albuquerque.The main house is vacant and ready for an owner occupant - it contains a spacious one bedroom/ one bathroom unit with gleaming hardwood floors. Unit B is also a one bedroom with a large laundry room and Unit C has it's own yard space. Each unit includes washer/dryers.Disclosure: co-listing broker, Todd Clarke, has an ownership interest in the property. The same owner owns the property directly adjacent to the north--907 7th NW and intends to bring it to market Q4-2026 at $482,130.Savvy investors are using recent changes to the Federal Tax code to drive their effective tax rate close to 0%. Interested? Call Todd for more information or email for a PowerPoint/video case study.

901 7th Street NW, Albuquerque

$420,000

5 Beds ⋅ 3 Baths ⋅ 1110555 MLS ⋅ 5 DOM

4-unit multifamily investment located in a rapidly improving corridor of Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a strong cap rate, attractive cash-on-cash returns, and durable demand from long-term workforce tenants. The surrounding area has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use development nearby. These improvements support long-term appreciation while maintaining strong rental demand. Current tenants are stable, long-term residents, providing a solid foundation for consistent income.632 Alcazar is also listed for sale and can be bought together.

630 Alcazar Street SE, Albuquerque

$420,000

2 Beds ⋅ 2 Baths ⋅ 1110540 MLS ⋅ 9 DOM

Excellent investment opportunity! This well-maintained 4-plex at 521 Kentucky St SE generates $3,500 /month in gross rental income. Unit mix includes four 1 bed/1 bath units. Features include off-street parking, private enclosed courtyards. A turnkey addition to any investment portfolio with strong cash flow. 525 Kentucky St SE is also for sale and can be bought together.

521 Kentucky Street SE, Albuquerque

$420,000

4 Beds ⋅ 4 Baths ⋅ 1110539 MLS ⋅ 9 DOM

Excellent investment opportunity! This well-maintained 4-plex at 525 Kentucky St SE generates $2,300 /month in gross rental income. Unit mix includes four 1 bed/1 bath units. Features include off-street parking, private enclosed courtyards. A turnkey addition to any investment portfolio with strong cash flow.521 Kentucky St SE is also for sale and can be bought together.

525 Kentucky Street SE, Albuquerque

$510,000

2 Beds ⋅ 1 Baths ⋅ 1110528 MLS ⋅ 4 DOM

Property went to market after adjoining property at 1809 Girard SE (owned by same owner) went under contract. Community also includes storage units.

1815 Girard Boulevard SE, Albuquerque

$379,900

2 Beds ⋅ 3 Baths ⋅ 1110516 MLS ⋅ 8 DOM

Versatile triplex opportunity at 816 6th Street, featuring a 2-bedroom main house, 1-bedroom apartment, and studio--ideal for an investment or owner-occupied property. The main house offers beautiful wood floors, refrigerated air, central forced-air heating, a fireplace, laundry room, attic access, and separate gas and electric meters. The apartment includes hardwood floors, a functioning wall furnace, evaporative cooling, a window A/C unit, and its own water heater. The studio features a functioning furnace and window A/C. The apartment and studio share a meter, and water is shared by all three units. Recent improvements include a new shingle and rolled roof completed in May 2024 and exterior paint completed in March 2025. Backyard access includes access to the sewer cleanout.

816 6th Street NW, Albuquerque

$580,000

4 Beds ⋅ 4 Baths ⋅ 1110515 MLS ⋅ 23 DOM

This unique 3-Unit Property offers a perfect blend of character and reliable income potential. Located on a spacious double lot. This property is fully rented and has been consistently occupied, making it an ideal addition to any real estate portfolio. The property is comprised of three distinct units. A and B are part of the main dwelling and C is a casita. Each unit has been thoughtfully maintained, featuring classic touches like refinished hardwood floors in Units A and B and beautiful tile in Unit C. With a roof replaced just 6-7 years ago and the sewer line updated 3 years ago, this property offers peace of mind for the savvy investor.Tenants enjoy separately metered utilities and plenty of on-site parking. Due to the occupied nature of these units, showings are available only with an accepted offer. Don't miss this chance to own a well-established property in a great location!

306 Carlisle Boulevard SE, Albuquerque

$4,989,000

3 Beds ⋅ 3 Baths ⋅ 1110504 MLS ⋅ 71 DOM

Exceptional opportunity to acquire a 57-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 9,41% cap rate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market. A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental in come and reducing collection risk. The property has been well maintained by hands-on local owner who has taken pride in managementand up keep, resulting in solid operations and tenant stability. Investment Highlights: 57 total units (1BR/1BA & 2BR/1BA mix) Strong cap rate with in-place income. Voucher-backed tenants providing consistent revenue. Well-maintained asset with pride of ownershipLocated in a high-demand workforce housing area. This is a rare opportunity to acquire a cash-flowing multifamily asset with scale, stability, and flexibility in Albuquerque.

609-641 Mesilla Street SE, Albuquerque

$420,000

4 Beds ⋅ 2 Baths ⋅ 1110498 MLS ⋅ 9 DOM

Excellent investment opportunity! This well-maintained 4-plex at 536 Palomas Dr SE generates $3,900/month in gross rental income. Unit mix includes four 2 bed/1 bath units. Features include off-street parking, private enclosed courtyards, newer windows, and newer stucco. A turnkey addition to any investment portfolio with strong cash flow.532 Palomas Dr SE is also for sale and can be bought together.

536 Palomas Drive SE, Albuquerque

$420,000

8 Beds ⋅ 4 Baths ⋅ 1110497 MLS ⋅ 9 DOM

Excellent investment opportunity! This well-maintained 4-plex at 536 Palomas Dr SE generates $3,214 /month in gross rental income. Unit mix includes four 2 bed/1 bath units. Features include off-street parking, private enclosed courtyards, newer windows, and newer stucco. A turnkey addition to any investment portfolio with strong cash flow.

532 Palomas Drive SE, Albuquerque

$420,000

3 Beds ⋅ 2 Baths ⋅ 1110499 MLS ⋅ 9 DOM

4-unit multifamily investment located in a rapidly improving corridor of Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a strong cap rate, attractive cash-on-cash returns, and durable demand from long-term workforce tenants. The surrounding area has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use development nearby. These improvements support long-term appreciation while maintaining strong rental demand. Current tenants are stable, long-term residents, providing a solid foundation for consistent income.630 Alcazar St SE is also for sale and can be bought together.

632 Alcazar Street SE, Albuquerque

$315,000

4 Beds ⋅ 2 Baths ⋅ 1110496 MLS ⋅ 9 DOM

Excellent investment opportunity! This well-maintained 3-plex at 411 Virginia St NE generates $3,450/month in gross rental income. Unit mix includes three 2 bed/1 bath units. A turnkey addition to any investment portfolio with strong cash flow.415 Virginia St NE is also for sale and both properties can be bought together.

411 Virginia Street NE, Albuquerque

$315,000

6 Beds ⋅ 3 Baths ⋅ 1110495 MLS ⋅ 9 DOM

Excellent investment opportunity! This well-maintained 3-plex at 415 Virginia St NE generates $3,100/month in gross rental income. Unit mix includes three 2 bed/1 bath units. A turnkey addition to any investment portfolio with strong cash flow.411 Virginia St NE is also for sale and both properties can be bought together.

415 Virginia Street SE, Albuquerque

$584,900

5 Beds ⋅ 3 Baths ⋅ 1110379 MLS ⋅ 10 DOM

Incredible investment opportunity in the NE Heights! 3 Spacious units. Rent all or live in main and rent the others. This property shows well, with a New TPO Roof (2026) and each unit has spacious rooms, living area, kitchen and nice neutral colors. Each unit features a fireplace and the large Owner's Unit showcases THREE bedrooms, 2 baths and a 2-car garage. With incredible city & mountain views, this one is waiting for a new owner and is not to be missed.

2832 Palo Verde Drive NE, Albuquerque

$339,000

4 Beds ⋅ 2 Baths ⋅ 1110310 MLS ⋅ 8 DOM

Investment opportunity!! this Duplex is rent ready! each unit features 2 bedrooms and 1 full bath, a private patio, private washer/dryer, New paint, carpet. windows updated. Each unit also comes with its own storage room. Unit A was just completely renovated and features new kitchen and bath, quartz countertops. and tile flooring. Each unit rents for roughly $1400/ month. ready to rent! just find tenants and start generating income!

2612 Eubank Boulevard NE, Albuquerque

$675,000

6 Beds ⋅ 3 Baths ⋅ 1110232 MLS ⋅ 0 DOM

The Triplex you have been coveting is AVAILABLE!! Immaculate & striking property on prime Nob Hill Corner Location - WOW! With a walking score of 88 + great potential for rent improvement these 2 bedroom/1 bath units are an investors dream. Hardwood floors modernized open kitchens, TPO roof & recent washer & dryers in ALL units. Cheerful front porch with flower baskets overlook lush grass & shade trees. Private patios, 2 garages, off street parking! LONG TERM TENANTS on Mo to Mo Leases - units are rarely vacant. Walk to UNM, Nob Hill, ART, Restaurants, Shopping & enjoy the friendly neighborhood. Great potential for savvy owner to live in one unit & rent others! RARE to find income units so loved & cared for! This property is poised to benefit from both appreciation & rent growth with Netflix, Facebook, Amazon plus future opportunities such as the NEW UNM Med-School.

401 Aliso Drive NE, Albuquerque

$319,900

4 Beds ⋅ 2 Baths ⋅ 1110170 MLS ⋅ 10 DOM

Discover a truly one-of-a-kind log cabin duplex in Albuquerque. This distinctive log-construction duplex combines timeless character with modern updates, offering an exceptional opportunity for an investor, owner-occupant, or buyer looking for a unique income-producing property.The property features two spacious 2-bedroom, 1-bath units, each offering its own comfortable living space, open kitchen, updated bathroom, and attractive wood-style flooring. Both units include in-unit laundry, making this property especially appealing to today's renters.The lower unit offers the added benefit of a large private fenced yard with landscaping and an open patio, creating valuable outdoor living space that is difficult to find in an income property. The property also provides five dedicated paved parking spaces, adding convenience for residents and guests.Recent improvements throughout the property create a more modern, move-in-ready feel while preserving the incredible rustic charm that makes this duplex stand apart from ordinary multifamily properties. The log construction, vaulted/open-beam character, and unique architectural appeal give this property a personality you simply won't find in a typical duplex.Whether you're looking to live in one unit while generating rental income from the other, add a distinctive property to your investment portfolio, or secure a turnkey duplex with strong rental potential

1133 Louisiana Boulevard SE, Albuquerque

$560,000

10 Beds ⋅ 6 Baths ⋅ 1110109 MLS ⋅ 14 DOM

This well-maintained 6-unit multifamily investment property offers an excellent opportunity to acquire a centrally located, income-producing asset with significant recent capital improvements. The property consists of two separately deeded triplexes at 501 and 505, which are being sold together, providing a total of approximately 4,248 square feet across six residential units.The property features a desirable mix of two 1-bedroom/1-bath units and four 2-bedroom/1-bath units, with functional floor plans and a courtyard-style configuration that appeals to tenants seeking convenience and affordability.Ownership has completed numerous improvements throughout the property. Recent upgrades include evaporative cooling, replacement windows in 501 B & C and 505 B, remodeled interiors in select units, durable tile flooring, recessed lighting, and 80% energy-efficient furnaces in select units. Roofing improvements include an ISO roof at 501 completed within approximately the last two years and a TPO roof at 505 completed within approximately the last seven years. All month to month tenants. Unit Mix501Unit A -- 571 SF | 1 BD / 1 BAUnit B -- 571 SF | 1 BD / 1 BAUnit C -- 833 SF | 2 BD / 1 BA505Unit A -- 704 SF | 2 BD / 1 BAUnit B -- 759 SF | 2 BD / 1 BAUnit C -- 810 SF | 2 BD / 1 BA -vacant needs renoTotal Building Area: Approximately 4,248 SFTotal Units: 6Current Monthly Rent: $6,281Annualized Current Rent: $75,372With an established income stream, substantial recent improvements, and a versatile unit mix, this property presents an attractive opportunity for an investor seeking an improved multifamily asset with continued income and long-term appreciation potential. Vacant unit needs renovation. From owner between $10-25k depending on preference to be rented.

501-505 Mesilla Street SE, Albuquerque

$665,000

5 Beds ⋅ 4 Baths ⋅ 1110084 MLS ⋅ 31 DOM

6Plex on nearly 1/2 an acre in Albuquerque's North Valley, one of newest small multifamily properties to reach this corner of the market in some time. The potential for strong future growth is tremendous for this location. Two unique buildings sit well apart on a 0.48-acre parcel, a site size that is genuinely rare at this unit count and leaves room to breathe. The mix: 2 one-bedrooms units, these have potential to be renovated from 1 to 2 bedroom apartments, 1 two-bedroom and 3 studios. Those studios are showing documented STR operating history. Built in 1979, this is not the 1940s and 1950s stock that makes up nearly all of the city's small multifamily inventory. The comparable 5-to-10 unit properties that have closed in this market average roughly 80 years old, whereas this one is only 47 years young.Established on 4th St. corridor between Paseo Del Norte and Alameda: low-density, tree-lined, under 2 miles from Balloon Fiesta Park. I-25 puts the metro core, Kirtland and Sandia Labs within an easy drive, while the Rio Rancho employment corridor, Intel's expanding campus and Presbyterian Rust Medical Center sit minutes across the river. County drainage, bike lane and ADA improvements are underway on 4th itself. There is real room to run here. Two units are currently leased meaningfully below what comparable space commands, and the furnished studios have been operated as short-term units. Either continue with that model OR place the entire property on traditional long-term leases. Newer than average construction, an unusually generous site, income in place and potential upside clearly identified, all in a corridor that has held solid demand for decades.See or ask about about our attached PDF Offer Memorandum for many more specific details.

9238 4th Street NW, Albuquerque

$760,000

8 Beds ⋅ 5 Baths ⋅ 1110082 MLS ⋅ 32 DOM

4Plex!! A super rare opportunity in the heart of Albuquerque's Near Heights, desirable neighborhood, a fully renovated fourplex that's nothing short of spectacular!At its core is the main home in every sense: 3 bedrooms, 2 baths and more than 1,200 square feet of beautifully finished space, opening to a courtyard shaded by a mature tree, wrapped in warm cedar fencing for those Duke City evenings. Three additional units join it on the same property, each unit fully renovated top to bottom. Nothing here was left half-finished, no deferred maintenance, no projects waiting, nothing to do, truly a turn the key setup.Two of the units are fully furnished and have been operated successfully as short-term rentals (AirBnB), giving this property a flexibility others do not have. Either continue that concept of STR or change to MTR (mid-term) concept. The travel nurse market is abundant, especially with University of NM Hospital just down the street. Or simply convert the entire property into traditional long-term leases. Here's an idea, live in one of the units and let the other three units help carry the mortgage, or lastly lease all four and let it work entirely on its own! Either way you are minutes from Nob Hill's restaurants and shops, Uptown's retail and offices, and immediate access to I-40, an established tree-lined pocket of the city that puts the whole metro within a short drive and keeps the hospitals, the university and the national labs close at hand. A great opportunity for a 1031 Exchange, a turn-key Income-producing property from the start and genuinely 'move-in' ready. A true home, income handshake and a location like this rarely arrive in one package! See attached PDF Offer Memorandum for many more specific details.

622 Jefferson Street NE, Albuquerque

$510,000

4 Beds ⋅ 4 Baths ⋅ 1110079 MLS ⋅ 16 DOM

INVESTMENT OPPORTUNITY NEAR UNM! This well-positioned fourplex offers an excellent opportunity for investors or owner-occupants seeking income potential in the highly desirable University area. The property features updated units, convenient off-street parking, and a prime location near UNM, CNM, Nob Hill, shopping, dining, and major transportation routes. Updates throughout help provide modern appeal while the four-unit configuration offers multiple income streams. A great opportunity to own a well-located multifamily property in a high-demand rental area. DO NOT DISTURB TENANTS.

205 Stanford Drive SE, Albuquerque

$329,900

6 Beds ⋅ 3 Baths ⋅ 1110077 MLS ⋅ 12 DOM

Welcome home to 428 Rhode Island St. NE, a thoughtfully remodeled triplex in the heart of Albuquerque. These spacious 2-bedroom, 1-bathroom apartments deliver the ideal balance of modern style and everyday functionality. Enjoy sleek tile flooring throughout the main living areas, plush carpeted bedrooms for ultimate comfort, and sturdy security screens on all doors and windows for total peace of mind. Complete with dedicated on-site parking, this property makes effortless living standard.

428 Rhode Island Street NE, Albuquerque

$430,000

2 Beds ⋅ 1 Baths ⋅ 1109913 MLS ⋅ 50 DOM

Great opportunity for an investor looking to add a four-unit property to their portfolio. This multifamily property features four 2-bedroom, 1-bath units, each offering a practical floor plan and its own private patio.Each unit has one designated parking space, while the property also offers the convenience of private outdoor space for residents. Heating is provided by wall-unit heaters, with swamp coolers located on the roof for cooling. The property does not currently offer on-site laundry.The roof has been recently serviced, although its exact age is unknown. The units have not had recent updates, providing an investor with the opportunity to improve and modernize the property while potentially increasing rents and long-term value.A solid opportunity for an investor seeking a multifamily property with four separate income-producing units and potential upside through future improvements.Pet deposit:$250 pet fee non-refundable$30 pet monthly pet rentRent amounts:-Unit A&D $960-Unit B $979 & starting 9/1 $1009-Unit C $979 plus pet rent $25Late fee:5% of rentRoofing proposal (work is completed, proposal attached):$6,075

510 Mesilla Street SE Unit 1-4, Albuquerque

$435,000

3 Beds ⋅ 3 Baths ⋅ 1109873 MLS ⋅ 25 DOM

Welcome to this beautifully updated Summit Park home, ideally located near UNM North Campus and offering the flexibility and character today's buyers are looking for. From the inviting front porch to the numerous major improvements throughout, this property has been thoughtfully updated while maintaining its charm.The main home features fresh interior and exterior paint, updated windows, a newer roof, updated HVAC with refrigerated air, and water heaters. Both the primary bathroom and hall bathroom have been tastefully updated, creating comfortable and modern spaces.A standout feature is the updated casita, complete with its own kitchen, 3/4 bathroom, and separate laundry--ideal for guests, extended family, a home office, studio, or other flexible living needs. The property offers approximately 1,849 square feet of heated living space, including approximately 1,395 square feet in the main home and 454 square feet in the casita.With its fantastic Summit Park location, extensive updates, versatile casita, and close proximity to UNM North Campus, this is a rare opportunity to own a truly special Albuquerque property.

1100 Dartmouth Drive NE, Albuquerque

$575,000

4 Beds ⋅ 4 Baths ⋅ 1109687 MLS ⋅ 24 DOM

CHECK THIS OUT- FOURPLEX a great Downtown Investment Opportunity! The property features four one bedroom - one bath units with small private patios. Rents are currently below market with 3 longtime tenants on mo to mo leases. MANY CAPITAL IMPROVEMENTS - see documents for list. Units are in average cosmetic condition. This property offers exceptional convenience and appeal to tenants...just blocks from downtown cafes & restaurants, the bustling farmers market, the historic charm of Old Town,.Downtown , Tingley Beach, Rio Grande Pool & Park, Zoo and ACC. Offering bike access to the extensive trail system along the Rio Grande Bosque this 4-plex is a great investment at $143,750/unit. ABQ apartments still show appreciation while offering rent growth potential from entities such as Amazon, Facebook and Netflix Whether you're seeking a steady income stream or a versatile rental investment this fourplex combines location, updates, and strong rental history in one compelling package.

1216 Coal Avenue SW - 1218, Albuquerque

$750,000

6 Beds ⋅ 4 Baths ⋅ 1109662 MLS ⋅ 40 DOM

Sweet updated house with 3 other units on the property, in highly rentable Silver Hills neighborhood, sandwiched between UNM & CNM, & walkable to both. Always fully rented. Numerous energy-efficient/Green features include mini-splits for heating/cooling in all units, mini-split ceiling cassettes in 2-Story complex, on-demand hot water in some units & electric in others, no gas, updated electric ('23), 3 units have TPO roofing systems. The 2-bedroom adobe front house is ~986sqft & rents for $1250; the newer-built duplex, built in '22, is ~800sqft total--each studio rents for $900; & the newly-built--in '24--the 2-story 2-bedroom stand-alone casita with a great balcony, is 1100sqft (including laundry room) & rents for $1500. All units are rented fully furnished. Total monthly income is $4550. All have access to secure shared laundry room. All have new appliances from '22 & newer. Bonus: two basement rooms provide ~200sqft of extra storage space. Plenty of off-street parking: 2-3 spaces tandem in front & 5 off-street spaces in back. See the (3) three 3D Tours for the condition & layout of the units & property. Live in one unit & more than pay the mortgage with the other three. Owner will consider a Real Estate Contract. Inspection with accepted offer. Please do not disturb tenants. Thx.

2109 Gold Avenue SE, Albuquerque

$331,592

1 Beds ⋅ 1 Baths ⋅ 1109654 MLS ⋅ 40 DOM

This well-maintained, charming courtyard-style triplex offers a unique combination of residential character, walkability and investment upside. Mature landscaping, brick walkways and an inviting shared colonnade courtyard give the property a warm residential feel, while off-street parking and private patio space add convenience and privacy.Solatube tubular skylights bring abundant natural light into the residences, creating bright and welcoming interiors. The property also offers dedicated buried tool and storage areas, providing additional secure storage for owner use.The owner has made a number of recent improvements, including a new roof in 2022, new driveways and sidewalks in 2024, and interior renovations.Apartment 533 #6 has been fully renovated and includes a dedicated laundry room with a built-in clothing rack. Additional units offer varying laundry amenities, including washer and washer/dryer hookups.From an investment perspective, there is meaningful room for continued income growth. Current rents average approximately $825, compared with projected market rents of approximately $975, providing an opportunity to increase revenue as rents move toward market.With a start price of $331,592, the property currently offers an 11.16 GRM and 6.11% cap rate, with additional upside as rents are brought closer to market.The owner also owns the adjoining property at 537 Valencia SE, creating an opportunity for a buyer interested in expanding their investment beyond this triplex.Residents are within walking distance of parks, restaurants and retail while enjoying the character and privacy of an established neighborhood.This is the type of property that feels more like housing than apartments--a quality many residents value and one that helps distinguish it from more traditional multifamily properties.Don't miss this opportunity to acquire a distinctive Albuquerque triplex with existing income, recent capital improvements and a clear path for future rent growth.

533 Valencia Drive SE, Albuquerque

$199,000

3 Beds ⋅ 2 Baths ⋅ 1109606 MLS ⋅ 27 DOM

Unlock the potential in this versatile duplex. Live in one unit while renting the other or rent both out to maximize your income potential! Unit A has 2 bedrooms plus bonus room for an office/hobby room and full bath. Beautiful tall ceilings with vigas, original wood floors, and fireplace in the spacious living/dining area. Unit B has one bedroom, living/dining and bath. With plenty of space and possibilities, along with side yard access and parking, this property is ready for your vision and personal touches. A great opportunity for a homeowner, investor, or handy buyer looking for a property with upside potential. Bring your creativity and transform this diamond in the rough into something truly special!

300 63rd Street NW, Albuquerque

$425,155

7 Beds ⋅ 4 Baths ⋅ 1109537 MLS ⋅ 40 DOM

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, providing convenient access to thousands of jobs in defense, technology, engineering and research. The area also benefits from proximity to Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurantsand public transportation. Albuquerque continues to experience significant public and private investment, with expansion from Netflix, Meta, Intel, Amazon and other major employers strengthening the metro's economy and supporting continued housing demand. Priced below the market average for comparable fourplex sales, 217 General Stilwell offers investors an attractive basis, strongemployment fundamentals and long-term potential for appreciation and rent growth. Don't miss this opportunity to acquire a well-positioned multifamily investment in one of Albuquerque's established rental corridors. With a start price of $425,155 and an average rent of $918 the metrics of investment performance are a GRM 9.65, 7.28% caprate, IRR after tax 14.5%. This is the type of property that feels more like housing than apartments -- a feature many residents value.

217 General Stilwell Street NE, Albuquerque

$339,000

3 Beds ⋅ 3 Baths ⋅ 1109483 MLS ⋅ 21 DOM

Investor special in central Albuquerque! This versatile property offers strong potential for pad-split or rental income with multiple living areas and easy access to UNM, downtown, and I-25. Solid structure ready for updates--ideal for cash buyers or value-add investors seeking high ROI. Large lot with off-street parking and room for outdoor amenities. Great opportunity to create affordable housing or a profitable shared-living setup. Priced to move--don't miss this one!

427 Odelia Road NE, Albuquerque

$500,000

2 Beds ⋅ 4 Baths ⋅ 1109481 MLS ⋅ 28 DOM

**Calling all investors!** This 4-plex is a great opportunity to add to your portfolio. The property is **fully rented** and features newer coolers, a roof approximately 2 years old, and windows approximately 2 years old. Units feature a combination of tile and carpet flooring. Convenient location with easy freeway access and close to Sprouts & Smith's grocery, Michael's (hobby & home decor), movie theaters, Singing Arrow Community Center, coffee shops, shopping, and retail. A great opportunity for a first-time investor or an experienced investor looking to expand their portfolio. **Showings are available after an accepted offer only.**

12704 Dunes Road SE, Albuquerque

$999,565

6 Beds ⋅ 3 Baths ⋅ 1109470 MLS ⋅ 23 DOM

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market this opportunity to purchase this 10-plex with two bedroom, one bathroom units. The property includes two fourplexes and one duplex.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.This 10-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Face-book, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.

1104 Palomas Drive SE, Albuquerque

$389,160

8 Beds ⋅ 4 Baths ⋅ 1109467 MLS ⋅ 23 DOM

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market such a well-priced, updated 4-plex with sizeable two bedroom, one bathroom units and secured courtyard entry.Recent building modernization includes: new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers, new evaporative cool-ers, updated electrical, wrought iron security fencing, updated toilets, as well as more recent updates to some of the mechanical systems on the property.Exceptional and very rare opportunity for such a well-updated 4-plex priced with an 8 Cap and nearly a 10% cash on cash return for an owner occupant or a 7.2Cap for an investor with professional property management.

512 Mesilla Street SE, Albuquerque

$255,000

2 Beds ⋅ 1 Baths ⋅ 1109419 MLS ⋅ 24 DOM

Major fixer-upper opportunity. The property is in poor condition and cited as substandard with the city not safe to enter. The property will require extensive repairs and updates throughout, including but not limited to roof, plumbing, flooring, paint, and water damage remediation. Not move-in ready. Property is being sold as-is, with no repairs by seller.

336 Rhode Island Street NE, Albuquerque

$695,000

9 Beds ⋅ 5 Baths ⋅ 1109351 MLS ⋅ 31 DOM

Huge Price Improvement!!! Mid-century Nob Hill investment opportunity offering immediate income and long-term upside. This five-unit property consists of four two bedroom units and one one-bedroom unit, all fully renovated with modern kitchens, updated bathrooms, new plumbing, flooring, and washer/dryer hookups no deferred maintenance required. Three units are currently leased and generating cash flow, providing in-place income. Located in a prime Nob Hill neighborhood with strong rental demand, the property presents an attractive opportunity for investors seeking stable returns, rent growth potential, and long-term appreciation.

301 Graceland Drive SE, Albuquerque

$449,900

8 Beds ⋅ 4 Baths ⋅ 1109343 MLS ⋅ 23 DOM

This is a great opportunity to add four unique cash flowing log cabin units to your investment portfolio!Both buildings have been updated, including newer refrigerated air conditioning and forced air heating, windows, roofing, electrical, countertops, toilets and vanities in all units, and luxury vinyl plank flooring in the upstairs units. Do not disturb tenants - showings upon acceptable offer only.

1131 Louisiana Boulevard SE, Albuquerque

$275,000

1 Beds ⋅ 1 Baths ⋅ 1109233 MLS ⋅ 40 DOM

Both units are tenant occupied. Property tours will be held for pre-qualified buyers only on August 22nd and August 29th from 1-3 pm. Located just minutes from Downtown Albuquerque and Old Town, the property is within walking distance of Rio Grande Pool, Rio Grande Park, the ABQ BioPark Zoo and nearby neighborhood amenities. It also offers convenient bicycle access to Downtown, Old Town Plaza and the extensive trail system along the Bosque and Rio Grande.Offered at $275,000, or $137,500 per unit, the property provides an attractive entry point into Albuquerque's multifamily investment market. Current underwriting reflects a 6.19% cap rate, with projected rent growth providing additional upside.The property features two one bedroom/one bathroom units. The extra lot contains 0.1618 acres with alley access and space for additionalbuilding(s).Do not wait, apartments continue to show strong appreciation coupledwith high rent growth potential from all of the new Amazon, Facebook,Intel, and Netflix jobs entering the market.

1303-1305 Iron Avenue SW, Albuquerque

$625,000

14 Beds ⋅ 8 Baths ⋅ 1109165 MLS ⋅ 35 DOM

Exceptional multifamily investment opportunity featuring a 10-unit apartment building with a desirable unit mix of (8) two-bedroom, one-bath units and (2) one-bedroom, one-bath units. This income-producing property offers multiple rental streams, strong tenant appeal, and an excellent opportunity for investors seeking to expand their portfolio with a well-positioned multifamily asset. Ideally located in Albuquerque's Southeast Heights, the property provides convenient access to major roadways, Kirtland Air Force Base, the University of New Mexico, Expo New Mexico, shopping, dining, and everyday amenities. The combination of location, unit diversity, and long-term value potential makes this an attractive investment opportunity. To minimize disruption to tenants, showings will be scheduled only after an accepted offer is in place. Contact the listing broker for additional information, including the rent roll, financial details, and property specifics.

225 Virginia Street SE, Albuquerque

$797,000

5 Beds ⋅ 6 Baths ⋅ 1109166 MLS ⋅ 28 DOM

Gorgeous Historic Bungalow 2 story + 3 rental units in the heart of Downtown ABQ! The 2120SF Main home offers Old World Charm with Modern-day Conveniences including an updated Dream kitchen with custom cabinets, SS appliances, granite and a huge island! Enter thru the sunny foyer to find an open concept with soaring ceilings, custom fireplace, 2 primary suites (1 up & 1 down) a half bath with laundry and a bonus office/loft space! There is also a basement with 2 more huge bonus rooms for the main home and separate room with laundry for the rentals. The 3 cozy 1 bd 1 ba apartments include one attached to the main house and 2 in the back unit. The inviting outdoor spaces offer beautiful grounds with lots of garden areas and multiple decks with views of the downtown skyline! There is a one car garage and gated off street parking for 2 cars plus a bonus studio! This amazing property could be a perfect owner occupied investment opportunity or rent all 4! This is a solid investment property in a sought after location close to Downtown business, dining and entertainment!

907 Silver Avenue SW, Albuquerque

$360,000

5 Beds ⋅ 2 Baths ⋅ 1109136 MLS ⋅ 30 DOM

Great MULTI-GENERATIONAL LIVING or INVESTMENT OPPORTUNITY! This versatile North Valley property features two attached residences with separate entrances, each separately metered for gas and electric. The front residence offers 2 bedrooms, 1 full bath, and beautiful wood floors. The rear residence features 3 bedrooms, 1 bath, and a large living area. A large gated side yard provides backyard access and additional outdoor space. Ideal for multi-generational living, an investment property, or the opportunity to live in one residence while renting the other. Renovated in 2021, including a new roof, electrical updates, flooring, and many more updates! Conveniently located with easy access to Downtown Albuquerque, shopping, dining, and other North Valley amenities.

5201 Grande Drive NW, Albuquerque

$265,999

4 Beds ⋅ 2 Baths ⋅ 1109078 MLS ⋅ 32 DOM

Great investment opportunity! This duplex offers the potential for rental income and long-term investment value. Each unit features 2 bedrooms and 1 bathroom, along with tile flooring throughout. A solid opportunity for an investor looking to add a duplex to their portfolio or an owner-occupant seeking additional rental income.

425 Grove Street SE, Albuquerque

$625,000

7 Beds ⋅ 4 Baths ⋅ 1109057 MLS ⋅ 29 DOM

Incredible investment opportunity in the NE Heights! All 3 units have a strong rental history. This property has been beautifully maintained, with a New TPO Roof (2024) and each unit has been kept turn-key with paint, flooring, etc. Each unit updated in 2026 with flooring, paint, refinished cabinets, etc. Each unit features a fireplace and the large Owner's Unit showcases THREE bedrooms, 2 baths and a 2-car garage. With incredible city & mountain views, this one is waiting for a new owner and is not to be missed.

2905 Palo Verde Drive NE, Albuquerque

$250,000

3 Beds ⋅ 3 Baths ⋅ 1108952 MLS ⋅ 16 DOM

Great 3-unit investment opportunity conveniently located between UNM and downtown! These three detached units all sit on the same compound and are fully rented. Each unit is separately metered for gas and electric which the tenants pay on their own. The property is zoned MX-M, opening it up to even more possibilities. Right now it is a plug-and-play, easy-peasy income producing property. Please be kind and don't disturb the happy tenants.

320 Rosemont Avenue NE, Albuquerque

$260,000

4 Beds ⋅ 2 Baths ⋅ 1108934 MLS ⋅ 9 DOM

This is what you've been waiting for! 2 units - 2 bedroom/1 bath in each! Both have washer/dryer connections-1 has a washer/dryer, both have parking. The back property has a large covered space for entertaining / parking --whatever you'd like. It's an incredible opportunity! Note: there is a washer/dryer in only back unit.

1646 Ferris Avenue SW, Albuquerque

$1,424,506

5 Beds ⋅ 3 Baths ⋅ 1108861 MLS ⋅ 31 DOM

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%.804 & 808 Ortiz SE both feature 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 2 bedrooms in the submarket. Downstairs, residents enjoy spacious, multi-functional living areas, galley kitchens with all appliances (including dishwashers), separate utility rooms with full size washer / dryers, and private backyards & patio spaces. Upstairs, residents enjoy two bright private bedrooms, a full bath, and additional quality storage and built-in storage options. Secured access courtyard provides lots of additional, secured 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, with new fixtures and finishes throughout. Meanwhile, 812 Ortiz offers an amazing and unique opportunity to own a true mission style hacienda-style compound. Tremendous value add opportunities abound with two 3 bed / 1.5 bath, 2-story floor plans and two 2 bed / 1 bath 2 story floor plans all spilling over into a gorgeous plaza style, shady courtyard oasis surrounded by balconies and patio spaces. This property also features secured, gated entry with lots of common and private outdoor spaces alike for year-round outdoor living opportunities. Apartments are also separately metered for gas and electric and offer separate utility rooms for full size washer/ dryers & and storage, with lots of unique custom features and updates throughout. This fourplex has also undergone significant interior and exterior upgrades. Some apartments have been fully updated and some have been partially updated and have much longer-term residents.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 HeadquartersThis 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.

808 Ortiz Drive SE, Albuquerque

$725,000

6 Beds ⋅ 3 Baths ⋅ 1108831 MLS ⋅ 33 DOM

Charming single-family home compound in the heart of Albuquerque's North Downtown district offering an exceptional opportunity for both homeowners and savvy investors. . The property is ideally positioned within walking distance to parks, local restaurants, and retail, and just minutes from Old Town, Downtown, the medical corridor, and Albuquerque's expanding Rail Trail. Enjoy easy access to hundreds of miles of biking and hiking paths, plus close proximity to major employers including Netflix, Meta, Amazon, and Intel, making this location highly desirable.Recent renovations, new sewer and water line. The property has 4 free standing units quite tucked in location and lot potentially could support an ADU or Casita or 2nd unit.Please note, seller has a loan on this property at 313 McKnight NW (Units A, B and Main) and they need to sell that property prior to or at the same time as this residence.

313 McKnight Avenue NE Unit A,B,C,M, Albuquerque

$349,900

6 Beds ⋅ 4 Baths ⋅ 1108757 MLS ⋅ 40 DOM

Excellent investment opportunity! This well-maintained 4-plex offers a desirable unit mix with two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing broad rental appeal. Major updates include a TPO roof with transferable warranty, newer fencing, and refreshed stucco surfaces for added curb appeal and peace of mind. Inside, all units feature easy-care flooring with no carpet and all-electric systems for simplified maintenance and repairs. Each unit includes a stove and refrigerator, with select units offering washer hookups for added tenant convenience. A fantastic opportunity to expand your portfolio with a property designed for long-term value and low-maintenance ownership.

211 Texas Street NE, Albuquerque

$289,000

2 Beds ⋅ 2 Baths ⋅ 1108732 MLS ⋅ 48 DOM

New price of $289,000! Investment opportunity with built-in income and exciting future flexibility. This updated two-unit property offers options to maintain as a fully occupied rental, potentially occupy one unit while renting the other as leases permit, or explore a future multigenerational living arrangement. The front studio is leased at $775 through 11/30/26, and the rear 2BR/1BA is rented month-to-month at $1,320, producing current gross income of $2,095/month. Recent improvements completed from 2022-2026 include ductless heat-pump systems, sewer-line work, Unit B electrical-panel and gas-line upgrades, Unit A metal roof, tankless water heater, insulation, kitchen and bath updates, flooring and xeriscaping. Gas and electric are separately metered and tenant-paid; owner pays water, sewer and trash. Four confirmed off-street parking spaces plus potential additional tandem parking. City certification dated 5/2/22 supports the existing two-unit use as legally nonconforming. Both units occupied. APOD in docs, rent roll available. Buyers should independently confirm square footage, zoning and permitted use, financing eligibility, lease terms, parking configuration, and whether the property suits their intended use. Also listed as Residential, SWMLS #1108825.

1709 Walter Street SE, Albuquerque

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