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$1,397,298
14 Beds 14 Baths 1105932 MLS 37 DOM
Exceptional opportunity to acquire a 14-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 7.70% 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 income and reducing collection risk. The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep.

613 Mesilla Street SE, Albuquerque

$575,000
8 Beds 4 Baths 1105632 MLS 45 DOM
Investor Opportunity in Albuquerque's Foothills! Located at 12129 Menaul Blvd NE, Albuquerque, NM 87112, this well-maintained single-story fourplex offers a prime investment opportunity in one of Albuquerque's most desirable rental corridors near the Foothills. Situated on a prominent corner lot, the property features four spacious 2-bedroom, 1-bath units, each approximately 750 square feet, providing strong rental appeal and efficient layouts.Tenants enjoy the convenience of onsite laundry facilities, ample off-street parking, and easy access to shopping, dining, public transportation, hiking trails, and major commuter routes. Unit 1 has been updated, offering immediate upside and a model for future value-add improvements. The property's single-story design minimizes maintenance conce

12129 Menaul Boulevard NE, Albuquerque

$850,000
7 Beds 6 Baths 1105527 MLS 52 DOM
Offered at $850,000 ($141,666/unit) with an attractive 7.28% acquisition cap rate, 511 Spruce St SE presents a rare opportunity to acquire a fully stabilized multifamily asset with proven in-place cash flow. The property is 100% occupied and features four fully furnished units, with five of the six units having undergone extensive renovations including new roofs, heating and cooling systems, exterior paint and stucco, appliances, flooring, and interior paint. A diverse unit mix supports broad tenant demand, while its long history of strong occupancy as furnished rentals is complemented by an exceptional location near UNM, Presbyterian Hospital, CNM, Kirtland Air Force Base, and Downtown Albuquerque.

511 Spruce Street SE, Albuquerque

$2,323,232
3 Beds 2 Baths 1105475 MLS 44 DOM
Historic OwnershipSince its original construction and development, the Four33/Four37 Apartments have had only a handful of owners.The owner with the longest period of stewardship and the original developer was Weldon ''Connie'' Alexander, who was the voice of the UNM Lobos for over a decade. Connie was a UNM athlete and inducted into the UNM Sports Hall of Fame in 2003. As a local lender, investor, landlord and community leader, he led the charge for the rebranding of this neighborhood to support Ta-Lin and the cultural diversity as the ''International District''.Measures of investment performance at the current asking price of $2,323,232 and with average rents of $755, include a low price per unit of $72,601, a price per square foot of $158, a GRM of 8.02, a cap rate of 6.33%, and

433 Mesilla & 437 (4 lots) Street SE, Albuquerque

$460,000
8 Beds 5 Baths 1105374 MLS 44 DOM
Incredible Investment Opportunity in NE Heights! Rare find with unmatched versatility! This expansive property at 7621 Prospect Ave NE is currently configured as a fully equipped 8 bedroom assisted living facility, making it an exceptional turnkey option for care providers, multi-generational living, or a high-yield rental investment. The sprawling floor plan features 3 distinct living areas, providing abundant space for recreation, communal gatherings, or custom zoning. Designed for maximum functionality, the layout includes 4 bathrooms, a dedicated home office space, a separate laundry room, and a massive walk-in pantry that easily doubles as a secure medical/supply storage area. Whether you are looking to continue its current care-facility use, convert it into a grand residential estate

7621 Prospect Avenue NE, Albuquerque

$250,000
2 Beds 2 Baths 1105198 MLS 53 DOM
Excellent investment opportunity at 633 Grove St SE, Albuquerque, NM 87108. This remodeled duplex offers immediate income potential with tenants already in place, making it a turnkey addition to any investment portfolio. Both units have been updated to provide comfortable, modern living spaces while minimizing future maintenance concerns. Conveniently located near shopping, dining, schools, and major transportation routes, this property appeals to long-term renters and supports strong occupancy potential. Whether you're a seasoned investor or looking to expand your real estate holdings, this income-producing duplex delivers the combination of cash flow, updates, and location that investors seek. Don't miss this opportunity to own a fully leased, remodeled duplex in Albuquerque.

633 Grove Street SE, Albuquerque

$495,000
6 Beds 3 Baths 1105057 MLS 41 DOM
BACK ON MARKET. Don't miss seeing this one this time! Exceptional investment opportunity in the desirable UNM South area! This single-story triplex features three 2-bedroom, 1-bath units, each offering durable solid-surface flooring and convenient stackable washer/dryer units. Two units include garage/storage space, adding value and appeal for tenants. Two of the three units are currently rented, providing immediate income potential, while the remaining unit offers flexibility for owner occupancy or additional rental income. Conveniently located near UNM, downtown, shopping, dining, and major commuter routes, this property is an excellent addition to an investment portfolio or a smart owner-investment opportunity.

502 Vassar Drive SE, Albuquerque

$583,000
6 Beds 4 Baths 1104967 MLS 52 DOM
Uptown Value-Add 4-Plex! Premier live-work-play asset in highly desirable 87110 ZIP. Two 2BR/1BA & two 1BR/1BA units. True proof of concept already established: 1 of each unit type full hi-end modern remodel: granite counters, undermount sinks, pulldown faucets, tub/shower surrounds, vanities, brushed nickel fixtures, stainless apps, LED lights, wood-vinyl flooring, paint. 2BR: brick floors, breakfast bar, laundry hook-ups. All: wood-vinyl main, carpets in beds, fenced yards. Positioned perfectly to capitalize on Uptown's affluent demographics, featuring a prime renter household income of $73K (Ages 25-44). Backed by economic engine of premier retail, major corporate tenants & healthcare: property offers stable, high-demand tenant pool w/ urban walkability & proximity to large employers.

7505 Pennsylvania Lane NE, Albuquerque

$890,000
6 Beds 6 Baths 1104831 MLS 112 DOM
Grand Home & Casita in Spruce Park! AWESOME INCOME POSSIBILITIES!! UNM, 3 HOSPITALS, NOB HILL-SO CLOSE! Main level: spacious rooms, voluminous ceilings, glowing hardwood floors. Vintage themed kitchen w/ modern appliances - opens to EXPANSIVE patio areas. This level features Large Living & Dining Rooms, private Primary Suite, den w/ patio access, ensuite BR/BA, 2 additional BRs & hall bath! WOW!!! Lower level offers family room, kitchenette, bedroom, flex room & 2 baths - it is accessible from both interior & exterior! 498sf Casita is private & detached with kitchen, bedroom, bath, portal. Wonderful outdoor spaces covered & open. This home is currently a private residence - no rental history available. Rent is estimated. GET CREATIVE: 6 BR's 6BA in 3 separate areas. Location Location!!

1606 Roma Avenue NE, Albuquerque

$425,000
2 Beds 1 Baths 1104714 MLS 26 DOM
Discover your ideal 4 unit investment property with this well maintained 2871 sqft property centrally located next to route 66 in the vibrant city of Albuquerque, NM. Featuring 2 BR/1BA units with modern bathrooms & fresh paint throughout, this residence is designed for comfort and convenience. With tile/vinyl flooring throughout. Units feature open floor plans. Property includes shared laundry room & each unit has its own storage unit. All units feature dishwashers, refrigerator, tile shower surrounds, stove/oven, swamp cooler, central heating, & amazing views of the sandias. This property is strategically situated for easy access to major highways and public transportation. Great proximity to essential amenities, UNM, KAFB, & expo NM.Room for rate increases with HUD FMR @ $14

205 Alvarado Drive NE, Albuquerque

$1,793,434
3 Beds 2 Baths 1104629 MLS 55 DOM
potential cap rate of 11.1%Residents enjoy a soft-gated community entry and parking right in front of their apartments. They also love the pragmatic floor plans, including open kitchens with lots of counter space, inviting bar tops, and a mix of contemporary and well-preserved mid-century modern tilework and fixtures. Over-sized full bathrooms boast expansive mid-century modern built-ins and tile work - including nearly 10 feet of counter, vanity space, and built-ins. Recent apartment upgrades include thermal windows, updated fixtures, fresh paint, and quality Luxury Vinyl Plank flooring throughout. Recent community updates include a large and accommodating community laundry room (with free machines for residents) and multiple quality, secured communal outdoor spaces.

8600 Zuni Road SE, Albuquerque

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