Albuquerque NM Multi-Family Real Estate, Homes for Sale

Live in one unit and let the other three help pay your mortgage! This Albuquerque fourplex offers practical features that stand out to renters. Combination refrigerated-air and furnace systems installed approximately five years ago make seasonal changeovers simple, while in-unit washers and dryers add everyday convenience and rental appeal.Qualified owner-occupant buyers can explore FHA financing with as little as 3.5% down and use eligible rental income from the other three units to help qualify for the loan. HUD's FY2027 Albuquerque two-bedroom Fair Market Rent of $1,384 per month provides a benchmark for evaluating rental potential. This figure includes utilities; actual rents and voucher approvals vary.An opportunity to grow your rental portfolio or combine homeownership with rental income. Financing is subject to lender approval, property eligibility, and FHA's fourplex self-sufficiency requirements.

3509 Tulane Drive NE, Albuquerque

$379,665

4 Beds ⋅ 4 Baths ⋅ 1112836 MLS ⋅ 248 DOM

Turnkey 4-plex with major upgrades and strong income potential. Property consists of three remodeled 1BR/1BA units and one larger 2BR/1BA unit. Renovated units feature new kitchen cabinets and countertops, updated bath surrounds and vanities, new water heaters, wall heater units, and many new windows. Refinished hardwood floors, fresh paint, and updated lighting throughout. Current rents in place with opportunity for additional income growth. The 2BR unit is not yet updated and offers future upside potential. Ideal for investors seeking a low-maintenance property with a blend of stability and value-add opportunity.

805 Ortiz Drive SE, Albuquerque

$400,000

4 Beds ⋅ 2 Baths ⋅ 1112744 MLS ⋅ 10 DOM

Great opportunity to own a charming single-story duplex in Albuquerque's sought out University area! Each unit offers 2 bedrooms, 1 bathroom, beautiful hardwood floors, its own covered entrance, and a separate fenced yard. The property features separately metered gas and electricity, a detached 2-car garage, and generous off-street parking. One unit also features a kitchen with abundant cabinetry, tile backsplash, and a gas range. Conveniently located just minutes from UNM, CNM, University Stadium, The Pit, the UNM baseball stadium, restaurants, shopping, and more! Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this property offers a great opportunity in a convenient central Albuquerque location!

2121 Eton Avenue SE, Albuquerque

$300,000

4 Beds ⋅ 3 Baths ⋅ 1112734 MLS ⋅ 76 DOM

Nice income producing triplex with owner financing available through assumable contract with low interest rate and payment. All units currently vacant, so you can choose your own tenants from the start. All units remodeled in 2023. Gas and electricity are separately metered. New sewer line was installed this summer at a cost of over $50K. Unit C is incomplete due to sewer line replacement. Being sold as is. Bonus 2nd lot already owned free and clear and conveys with purchase.

216 57th Street NW, Albuquerque

$370,000

8 Beds ⋅ 4 Baths ⋅ 1112705 MLS ⋅ 11 DOM

Great investment opportunity just 10 minutes from UNM and Nob Hill! This property features 2-bedroom, 1-bathroom units, individually metered for gas and electricity. Vacant units need some TLC, offering value-add potential to improve rental income and property value. Shares a courtyard with 538 Ortiz (MLS# 1112703 ), creating an excellent opportunity for a combined investment. Seller prefers to sell both properties together. Owner financing may be available. Please do not disturb tenants. Contact the listing agent for showing access.

540 Ortiz Drive SE, Albuquerque

$370,000

8 Beds ⋅ 4 Baths ⋅ 1112703 MLS ⋅ 11 DOM

Great investment opportunity just 10 minutes from UNM and Nob Hill! This property features 2-bedroom, 1-bathroom units, individually metered for gas and electricity. Vacant units need some TLC, offering value-add potential to improve rental income and property value. Shares a courtyard with 540 Ortiz (MLS# 1112705 ), creating an excellent opportunity for a combined investment. Seller prefers to sell both properties together. Owner financing may be available. Please do not disturb tenants. Contact the listing agent for showing access.

538 Ortiz Drive SE, Albuquerque

$611,262

5 Beds ⋅ 4 Baths ⋅ 1112694 MLS ⋅ 14 DOM

Imagine owning a property just one block--approximately 200 steps--from the University of New Mexico campus. At the northeast corner of Princeton and Silver, 124 Princeton SE is also near CNM, Nob Hill, restaurants, cafes, microbreweries and local retail. The location offers residents a walkable connection to the University-area lifestyle.Built in 1945 and renovated from top to bottom in 2019, this distinctive fourplex combines vintage character with modern conveniences. It features a generous two- to three-bedroom main house and three one-bedroom apartments, with thermal windows, mini-split HVAC, updated fixtures, custom tile and preserved original finishes. Residents enjoy private patios and landscaped walkways, plus off-street parking with a garage and two carports. The main house has its own washer/dryer; the other three units share a laundry room. All units are separately metered for gas and electricity.

124 Princeton Drive SE, Albuquerque

$418,000

2 Beds ⋅ 1 Baths ⋅ 1112676 MLS ⋅ 9 DOM

**INVESTMENT OPPORTUNITY** Discover the potential of this fully leased fourplex at 312 Western Skies Dr SE in Albuquerque! Conveniently located with access to I-40, shopping, dining, and everyday amenities, this income producing property offers investors an opportunity to expand their portfolio with established rental income from day one. Currently generating $3,345 in monthly base rent, or $40,140 annually. All four units are currently leased, with lease expirations extending into 2027. Updates include the roof replacement less than two years ago and the swamp coolers were replaced within the last five years! Whether you're expanding an existing portfolio or entering the multifamily market, this property offers immediate income and future growth potential. Don't miss this opportunity to invest in Albuquerque real estate! Buyer to verify all financial information, rental projections, and property details.

312 Western Skies Drive SE, Albuquerque

324/326 Charleston Street NE, Albuquerque

$225,000

4 Beds ⋅ 2 Baths ⋅ 1112683 MLS ⋅ 10 DOM

Duplex investment opportunity. Consistently rented out. Well maintained and taken care of. Updated flooring and appliances. Ready for new owners to take over. Both units feature hardwood floors, country kitchens, & separate backyards.

324/326 Charleston Street NE, Albuquerque

$675,000

3 Beds ⋅ 2 Baths ⋅ 1112645 MLS ⋅ 5 DOM

Rare investment opportunity in Albuquerque's desirable UNM North neighborhood near Nob Hill! This charming, updated 4-plex offers four rental units, including two 1-bedroom and two 2-bedroom residences, with three long-term tenants and one vacant 2-bedroom unit offering flexibility for a traditional rental, potential Airbnb/short-term rental, or owner-occupant. Originally built in 1950 as two duplexes on separate lots, now replatted as one property, this unique multifamily investment combines vintage character with modern conveniences. Each unit features original oak hardwood floors, granite countertops, refrigerated air, tankless water heater, individually metered gas & electric, and its own washer & dryer. Each residence also has a private backyard and garage. Additional parking includes two double carports and gated alley access. A beautiful, tree-shaded central courtyard with grass and seating creates an inviting gathering space and sense of community for residents. Conveniently located near UNM, Nob Hill, Uptown, shopping, restaurants, and public transportation. An exceptional opportunity to acquire an established Albuquerque income property with flexible rental options and additional income potential! Address is both 204 & 206 Monroe St NE

204 Monroe Street NE, Albuquerque

$535,000

3 Beds ⋅ 2 Baths ⋅ 1112367 MLS ⋅ 14 DOM

Close to the new LOBO CROSSING, UNM Stadium/ new Chic fil A and additional commercial growth like Target. Great rental with huge potential for value add. Currently, there are two units: the first is a 2 bed/1 bath house with hardwood floors, a new bathroom, a new kitchen, and a utility room with washer and dryer. It also has a new heater, new swamp cooler, and a newer roof. The back unit is about 85% complete and will be finished after contract, additional rents of upto 1100 month, features 1 bed/1 bath with its own washer and dryerMini splits and a metal roof. The property could be converted to have more units by building out the lower 3-car garage and storage area. Or across the back section. This could be the perfect opportunity to boost your cash flow. All photos are from before remodel.

1928 Sunshine Terrace SE, Albuquerque

$235,000

2 Beds ⋅ 2 Baths ⋅ 1112398 MLS ⋅ 19 DOM

1200 W Wilmoore Drive SE, Albuquerque

$1,427,100

6 Beds ⋅ 5 Baths ⋅ 1112319 MLS ⋅ 17 DOM

Rare value-add on iconic Route 66. This family-style 11-unit compound spans two parcels totaling 1.3993 acres zoned NR-BP, with only 6,845 sf built, leaving real room for storage income or future development. Six buildings hold 2 studios, 5 one-bedrooms, 3 two-bedrooms, and 1 three-bedroom house, plus 3 RV pad sites leased at $650 each for extra monthly income. Studios and one-bedrooms rent below market, giving a new owner instant upside. Every unit has its own mini splits for heating and cooling and vinyl plank flooring. Units 1-6 have no washer, dryer, or hookups, units 7-11 have washer/dryer hookups. Minimum one-year leases, some month to month, off-street parking throughout. Walk to El Mezquite Marketplace, Starbucks, and McDonald's. Priced for an investor ready to capture the upside on Albuquerque's most famous corridor.

9607 Central Avenue NW, Albuquerque

$4,500,000

2 Beds ⋅ 3 Baths ⋅ 1111973 MLS ⋅ 21 DOM

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, and the Max-Q development providing convenient access to thousands of jobs in defense, technology, engineering and research. The property also benefits from sitting on the eastern edge of the Puerta Del Sol Public golf course.With a start price of $4,500,000 the property is being marketed well below the 2023 appraisal of $5,490,000 using the BID process. With current average rents of $615 per unit, the metrics of investment performance include a 7.63 GRM, 8.35% cap rate, 9.06% cash on cash and an out of the universe IRR.Portions of the property have an affordable housing component, which may convey with the property.Property offering timeline:- 10/21/2026 - noon - Wednesday - property tour (RSVP for each person required)- 10/22/2026 - noon - Thursday - offer deadline.Qualified investors can RSVP for the tour and access the confidential document center.Do not miss out on this once on a generation opportunity to own a large, golf course fronting and affordable apartment investment.

1325 Wellesley Drive SE, Albuquerque

$459,000

8 Beds ⋅ 4 Baths ⋅ 1111938 MLS ⋅ 23 DOM

**Calling all investors! ** This 4-plex is a great opportunity to add to your portfolio. The property is **fully rented** and features four - 635 square foot 2-bedroom 1 bath units. Large, beautiful tile throughout and updated tiled bathrooms plus newer TPO Roof. Convenient location with easy freeway access and shopping. A great opportunity for a first-time investor or an experienced investor looking to expand their portfolio. Please do not disturb tenants.

229 Hanosh Court SE Unit 4, Albuquerque

$790,000

1111828 MLS ⋅ 53 DOM

Check out this inviting home in Albuquerque! Featuring 6 well-appointed bedrooms and 5.5 baths, this property is a perfect retreat. The private pool and charming water feature complement the spacious outdoor living area, making it ideal for relaxation or summer barbecues. The 2-car garage, complete with workshop space, which could be easily converted to a 4 car garage, the workshop caters to all your hobbies. The gameroom, which has its own half bath, promises endless fun. Currently serving as a vacation rental and sold fully furnished, this home is a fantastic turnkey opportunity for anyone looking to invest or create a personal getaway. All furniture and personal property come with the home. Home is currently being operated as an AirBnB/VRBO. Single family home.

14018 Arcadia Road NE, Albuquerque

3434-3438 Thaxton Avenue SE, Albuquerque

$1,069,900

2 Beds ⋅ 1 Baths ⋅ 1111673 MLS ⋅ 17 DOM

On behalf of the owner, NM Apartment Advisors Inc. and Deacon Property Services are honored to bring to market this 8 unit portfolio in the Kirtland Korner / Knob Heights area. This is a unique opportunity to purchase a successful, established, nicely updated rental property - all with two bed- room / one bathroom layouts. The units on the end cap are slightly larger with additional walk-in pantry and interior storage space. All apartments also come with secured detached storage closetsand large private patios / yard spaces.Apartments have been revitalized with updated fixtures and finishes, new flooring, safety and security updates, & fresh paint inside and out. All apartments also offer new stacked washer / dryers in the apartments.Located adjacent to the Knob Heights community garden and 1 block away from Puerta Del Sol Golf course, swimming pool, the Source-One Community Center, and all of the parks in the Hyder Park /Edge Crest / Ridge Crest area.

3434-3438 Thaxton Avenue SE, Albuquerque

$850,000

4 Beds ⋅ 8 Baths ⋅ 1111607 MLS ⋅ 31 DOM

8-unit multifamily investment opportunity in one of Albuquerque's most consistently in-demand rental submarkets. Very close proximity to the University of New Mexico, CNM, and hospitals. Two separate 4-unit buildings on one lot, offering flexibility for phased renovation. Unit mix: two large 1BR/1BA, one 2BR/1BA, and five oversized studios. Ample off street parking, a rarity in this submarket. Proximity to UNM keeps occupancy resilient.

414 Pine Street SE, Albuquerque

$1,250,000

6 Beds ⋅ 3 Baths ⋅ 1111572 MLS ⋅ 32 DOM

Appropriate for owner/occupant, one unit has an extra family room with fireplace and approx 1200sf.This unique property is actually 2 fourplexes that are attached, but there are 2 lots under it, 2 UPC and 2 legal desc. This makes it possible to finance as 2 fourplex units for favorable terms. But this will only be sold as a single property. Ask questions if you're not sure how it all works. Wonderfully designed and constructed brick and pitched roof building has been well maintained. These are highly desirable apartment homes in a super convenient location. Most units are 925 sq ft with vaulted ceilings make them feel even larger. Private patios and yards. Carport for each unit plus a large storage room per each. Many units are recently refurbished with vinyl planking and tile. Please note that occupied units will only be shown with an accepted offer. Laundry room on site is not in service.

2632 Dakota Street NE, Albuquerque

$335,000

5 Beds ⋅ 4 Baths ⋅ 1111408 MLS ⋅ 41 DOM

Solid income opportunity in Albuquerque's South Valley. This well-maintained triplex offers three separate units (515 / 620 / 1,250 sq ft) with private entries and flexible floor plans. Total living area of approximately 2,385 sq ft on a practical lot. Ideal for investors or owner-occupants seeking cash flow and long-term value. *Please do not disturb tenants*

2215 Hooper Road SW, Albuquerque

$295,000

4 Beds ⋅ 2 Baths ⋅ 1111403 MLS ⋅ 35 DOM

Investor opportunity in Albuquerque! Welcome to 400 63rd St NW, a well-maintained duplex offering strong cash flow and major system upgrades already completed. Built in 1950, this property features two separate units, each with 2 bedrooms, 1 bathroom, and approximately 980 sq ft of living space.Recent improvements include a newer TPO roof, updated AC units, electrical upgrades, new water heaters, and replaced sewer lines, providing peace of mind for years to come. Both units are currently rented, producing a combined monthly income of $2,300, making this an ideal option for investors seeking a turnkey rental property.Conveniently located in NW Albuquerque, this income-producing duplex offers steady rental demand and long-term potential.

400 63rd Street NW, Albuquerque

142 55th Street SW Unit A & B, Albuquerque

$230,000

3 Beds ⋅ 2 Baths ⋅ 1111391 MLS ⋅ 30 DOM

INVESTMENT OPPORTUNITY IN SW ALBUQUERQUE! This well-positioned duplex offers an excellent opportunity for investors looking to add an income-producing property to their portfolio. The property features two separate units within one building, with both units currently occupied and professionally managed by a property management company.One unit is a 2-bedroom, 1-bathroom residence that has been updated and includes washer and dryer hookups. The second unit is a 1-bedroom residence, providing additional rental income and flexibility for an investor. The property also features a pitched roof.Located in Southwest Albuquerque, the property offers convenient access to area amenities, shopping, dining, schools, and major roadways. With both units currently occupied and property management already in place, this duplex provides an opportunity for an investor seeking an established rental property with existing tenants and professional management.

142 55th Street SW Unit A & B, Albuquerque

$242,000

2 Beds ⋅ 3 Baths ⋅ 1111342 MLS ⋅ 41 DOM

Great triplex with three long-term leases in place! Shaded courtyard entry with off-street parking. Closed storage at rear of property. New fencing, new stucco, roof tuneup recently completed! Do not disturb tenants, walk through of units with accepted offers. Reach out to listing agent with any questions. YTD, T12, and current rent roll in MLS documents. No wholesalers, no owner financing.

304 Texas Street NE, Albuquerque

$947,250

5 Beds ⋅ 5 Baths ⋅ 1111323 MLS ⋅ 35 DOM

On behalf of the Owner, Deacon Property Services and NM Apartment Advisors are excited to bring to market a private compound style apartment community located in the Albuquerque's north valley. Spread across three buildings, these 12 unique units are located across the street from the new 2nd street lenticular park and a few blocks from the Rio Grande River and its Bosque Forest and nature trails.This is a rare opportunity to own a true value-add apartment compound with so much potential in such a unique area. Reap the benefits of significant recent modernization and property improvements, then continue updating the property with your vision on your timeline to maximize upside. A 3/4 acre lot also offers potential for adding additional units and cool common area amenities. Current unit mix features five studios, six 1-bedrooms, and one 2-bedroom apartment. All apartments are unique with some modern updates and cool / classic character touches. Residents love the ample parking, the thermal windows, the soft-gated compound atmosphere, the rural north valley setting, and the proximity to the Rio Grande Bosque and I-25. The property is also conveniently located 1.5 miles south of Paseo Del Norte (Highway 423 - a major east/west thoroughfare in northern Albuquerque), less than a quarter-mile from a public library, and nearby other local retail, stores, restaurants, and breweries.

7524 2nd Street NW, Albuquerque

$594,900

6 Beds ⋅ 3 Baths ⋅ 1111272 MLS ⋅ 38 DOM

Fantastic opportunity on this hard to find updated 4-plex nestled on a cul-de-sac in the desirable NE Heights near Candelaria x Tramway! All four units are 2 bedroom/1 bathroom and Washer & Dryer ready. Over $115K invested in this gem!Outside:- New roof & HVAC (all units) in August 2024,- Fresh Zeroscaped landscaping for little to no maintenance.Inside:- Unit A is completely renovated a new kitchen, bathroom, flooring, texture/paint and lighting: A perfect set-up for an Owner-Occupied or a STR/MTR with rental comps in this exact area at $2000/month.- Unit D was just renovated with a new bathroom, new windows, and more. This unit should fetch a nice rent amount as a LTR or is perfect for an owner-occupant too that chooses to STR/MTR unit A for more income. It's not an exaggeration to live rent-free in unit D and have the other units contribute an estimated $4,200 monthly while your property appreciates!This property is priced to sell fast compared to other nearby 4-plex's given the many upgrades and improvements! This property offers a great ROI with market rents between $1250/unit for LTR ($5K/month) and $2000/unit for STR/MTR ($8K/month).More on seller financing:Owner believes that seller-financing is a great opportunity for both the seller and the buyer and has a strong preference towards any offers that are seller-financed and a stronger preference towards owner-occupied seller financing. Financing terms are negotiable, but starting terms are 7.25% on a 30-year amortization schedule, 5 yr Balloon, with minimum 12% down and 20% preferred!Call today for more details on this incredible deal.

12209 Eric Court NE, Albuquerque

8700 Northeastern Boulevard NE, Albuquerque

$415,000

6 Beds ⋅ 3 Baths ⋅ 1111186 MLS ⋅ 95 DOM

Fully rented triplex in the Snow Heights area. Each unit offers approximately 775 square feet with 2 bedrooms and 1 full bath. Kitchens feature hickory cabinets, laminate countertops and white appliances, including an electric range, microwave and refrigerator. Additional amenities include carpet and tile flooring, evaporative cooling, a wall heater, stackable washer and dryer, front courtyard, private walled backyard, exterior storage closet and two parking spaces. Tenants pay electric and gas; owner pays water, sewer, trash and maintenance. Conveniently located near shopping, dining and other amenities.

8700 Northeastern Boulevard NE, Albuquerque

$350,000

6 Beds ⋅ 3 Baths ⋅ 1111071 MLS ⋅ 15 DOM

Income producing four-plex centrally located between Central and Lomas. Close to shopping, healthcare and entertainment. Unit rents are slightly below market rate and could produce additional income if raised to the market. 7.83 CAP, GRM 8.3 The building south at 336 Pennsylvania is also available and the seller's prefer to sell both 336 and 340 to the same buyer. Please do not walk the property or contact tenants. Photos are of a vacant unit and are a representation of the general condition of the units.

340 Pennsylvania Street NE, Albuquerque

$350,000

6 Beds ⋅ 3 Baths ⋅ 1111068 MLS ⋅ 15 DOM

Fully occupied stabilized income producing four-plex centrally located between Central and Lomas. Close to shopping, healthcare and entertainment. Unit rents are slightly below market rate and could produce additional income if raised to the market. The building north at 340 Pennsylvania is also available and the seller's prefer to sell both 336 and 340 to the same buyer. Please do not walk the property or contact tenants.

336 Pennsylvania Street NE, Albuquerque

$764,977

3 Beds ⋅ 2 Baths ⋅ 1111038 MLS ⋅ 33 DOM

On behalf of the Owner, Deacon Property Services and NM Apartment Advisors are excited to bring to market a unique, classic Ridgecrest 7-unit apartment complex with significant value add potential.All units are separately metered for gas and electric and have been partially updated over the years - some with more complete modern features and others more vintage. All units offer delightful spacious patio / front porch entries with a variety of quality features - like built-ins, hardwood floors, updated and open kitchens, spacious living areas, and great off-street parking options.The next owner can choose from an assortment of low-hanging value-add options for each unique apartment and the overall community to push rents to top market levels. Investors are encouraged to consider such a product with a collaboration with the Ventana Fund(see term sheet on page 5 of the flyer) for New Mexico's most competitive financing options for multi-family acquisitions and rehabilitation projects.This unique compound features two triplexes + a casita. Each triplex offers two spacious 1 bedroom apartments and one larger 2-bedroom apartment. The two bedrooms apartments each include a sizeable backyard and washer / Dryer in unit. The property also boasts an additional standalone / spacious 1 bedroom casita with a separate private yard. Located in an Excellent Ridgecrest location on a quiet block close to Nob Hill, Highland Pool, and great parks.

4600 Zuni Road SE, Albuquerque

$299,000

6 Beds ⋅ 3 Baths ⋅ 1111017 MLS ⋅ 1379 DOM

Get this well-maintained triplex for your investment portfolio. The triplex is in an opportunity zone and a qualified census tract which offer tax and grant opportunities. The TPO roof is only about 9 years old and the units have new windows as well. Each unit has it's own private back patio and there is additional large space on the west side of the complex for parking. The bathrooms and kitchens are refurbished, and there are ceramic tile floors. The tenants pay their own utilities except water and trash paid by the owner. Rents are low so there is an upside possibility. Do not disturb tenants. Offers are subject to buyer review of the units. All square footage is estimated.

511 Texas Street NE, Albuquerque

545 Cardenas Drive SE Unit # 12-A, Albuquerque

$476,500

7 Beds ⋅ 5 Baths ⋅ 1110956 MLS ⋅ 46 DOM

Here we have a total of -5- Rental Units in multiple Buildings on a single Lot as per the Bernalillo County Tax Bill. Some of the Units will need some work. The various Unit's Square Footage's are different. The entire complex is vacant and is to be SOLD AS-IS. Inquire for more detailed information.

545 Cardenas Drive SE Unit # 12-A, Albuquerque

$334,500

3 Beds ⋅ 3 Baths ⋅ 1110900 MLS ⋅ 9 DOM

Welcome to 121 Princeton SE. One of the lowest $/SF offerings in the UNM multi-family submarket, this property offers a unique and updated 2 house compound just 1 block to UNM, great local shopping, entertainment, breweries, & restaurants.The MAIN HOUSE lives larger than its 1,440 SF - with a giant living room, a lovely sun room, a studio space ideal for projects or an at home office (with separate entry off driveway), and one of the best private mastersuites we've seen in the neighborhood. It also includes a semi-finished 240 SF basement, a 168 SF enclosed sunroom, and a 170 SF finished hobby, workshop, or storage space (none of which areincluded in the heated SF). Residents also love the long driveway with plenty of off-street parking, private yard, and a flexible floor plan with 3 bedrooms, a laundry / utility room with washer / dryer hook ups, as well as the built-ins, great natural light, vintage fixtures, and original casework. Meanwhile, the 540 SF CASITA also features a private driveway with gated entry to a large yard, adobe wall, and a flexible open floor plan w/ a full-size kitchen, a stacked washer / dryer in the apartment w/ updated fixtures and luxury vinyl plank flooring throughout.

121 Princeton Drive SE, Albuquerque

$249,000

3 Beds ⋅ 2 Baths ⋅ 1110864 MLS ⋅ 45 DOM

This duplex offers a 1BR unit and 2BR unit, both are 1BA. 2 detached garages in the rear are occupied by the tenants. 618 unit has new vinyl thermal windows, new vinyl and rebuilt bath plus new appliances. 620 unit has older thermal windows. Both units have had hardwood floors refinished in recent years. TPO roof is roughly 8 years old on both buildings. Both units are occupied. New electrical service in 2021.

620 San Pedro Drive SE, Albuquerque

$431,071

4 Beds ⋅ 2 Baths ⋅ 1110863 MLS ⋅ 42 DOM

Rare opportunity to acquire a Ridgecrest area triplex from the original developer's family. The property is 100' from the Puerta Del Sol golf course and offers single story court-yard style units in a spacious, well-designed two bedroom / one bathroom configuration. Beyond the golf course views and open space, residents appreciate the pragmatic floor plan, including a cook's kitchen, a flexible dining area, a spacious living room, two bedrooms with quality storage options, and very private backyard / patio spaces. Theyalso really appreciate the quality build in addition to the patio home atmosphere. This is the first time this property has been offered for sale from the family of renowned local architect, Allan G Elsik, who was well known for pouring his talent, energy, andpassion into his Albuquerque projects. The property is owned by an estate and the heirs do need to cash out - leaving an opportunity for the next owner to reap the benefits of tons of untapped potential.Do not miss out on this opportunity to buy such a quality area triplex in an area increasingly characterized by its strong economic growth from the Max Q and Lobo Crossing projects, and the overall / ongoing improvement of South UNM & Sunport submarkets.

3403 Anderson Avenue SE, Albuquerque

$400,000

8 Beds ⋅ 4 Baths ⋅ 1110861 MLS ⋅ 12 DOM

8000 Grand Avenue NE, Albuquerque

401 & 405 Indiana Street SE, Albuquerque

$800,000

6 Beds ⋅ 3 Baths ⋅ 1110588 MLS ⋅ 53 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

$414,730

3 Beds ⋅ 3 Baths ⋅ 1110575 MLS ⋅ 49 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 ⋅ 51 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 ⋅ 55 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 ⋅ 55 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 ⋅ 8 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

$370,000

2 Beds ⋅ 3 Baths ⋅ 1110516 MLS ⋅ 54 DOM

Income-producing triplex at 816 6th Street offering a 2-bedroom main house, 1-bedroom apartment, and studio. The main home features wood floors, a laundry room, refrigerated air, central forced-air heat, attic access, and separate gas and electric meters. The apartment offers hardwood floors, a functioning wall furnace, swamp cooler, window A/C, and its own water heater. The studio includes a functioning furnace and window A/C and shares gas and electric service with the apartment. Water is shared by all three units. Recent improvements include new roof overlay on the main house in May 2024, and exterior paint completed in March 2025. Backyard access and an exterior cleanout add convenience. A versatile residential income opportunity with multiple living spaces!

816 6th Street NW, Albuquerque

$580,000

4 Beds ⋅ 4 Baths ⋅ 1110515 MLS ⋅ 69 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 ⋅ 117 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 ⋅ 27 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 ⋅ 55 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 ⋅ 55 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 ⋅ 55 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 ⋅ 55 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

$325,000

4 Beds ⋅ 2 Baths ⋅ 1110310 MLS ⋅ 54 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

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