Refine Search
Map
Sort by
$539,900
7 Beds ⋅ 5 Baths ⋅ 1110663 MLS ⋅ 2 DOM
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

The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Scarborough Realty Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.