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$1,144,491
9 Beds ⋅ 7 Baths ⋅ 1108384 MLS ⋅ 40 DOM
Exceptional opportunity to acquire a 13-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 8.35% 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, resulting in solid operations and tenant stability

609 Mesilla Street SE, Albuquerque
$319,000
6 Beds ⋅ 3 Baths ⋅ 1108338 MLS ⋅ 41 DOM
Fantastic investment opportunity! This well-maintained triplex offers two occupied rental units and one available for owner-occupancy or additional income potential. The property offers spacious living areas, functional kitchens, and private entrances for each unit. Ideal for investors or owner occupants seeking steady rental income. Located near schools, shopping, and commuter routes, this triplex combines comfort and practicality with strong rental history and long-term potential. A rare find that's ready to start generating income from day one! 'Subject to seller's 1031 exchange; no cost to buyer.

1033 Louisiana Boulevard SE, Albuquerque
$399,000
4 Beds ⋅ 4 Baths ⋅ 1108328 MLS ⋅ 41 DOM
Opportunity to Own a Fully Rented 4-Plex! This income-producing property brings in $3,616 in monthly rents across four units. Three of the four units have been updated, and all units are in good condition, offering solid long-term rental appeal. The roof is newer, and property is well maintained. Brand new water line 2025! A great investment for steady cash flow and future upside!

308 Charleston Street NE, Albuquerque
$299,000
3 Beds ⋅ 3 Baths ⋅ 1108252 MLS ⋅ 49 DOM
Turnkey investment opportunity with all units fully rented! This recently updated property features a new TPO roof, mini-split systems in every unit, new windows, fresh paint, and new doors throughout. A low-maintenance, income-producing property that's ready to add to your investment portfolio.

119 Charleston Street SE, Albuquerque
$850,000
6 Beds ⋅ 6 Baths ⋅ 1107557 MLS ⋅ 65 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
$522,500
8 Beds ⋅ 4 Baths ⋅ 1108204 MLS ⋅ 42 DOM
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located across the street from the Puerta del Sol Golf Course, the property has stunning mountain views over the golf course.Welcome to 2810 Vail SE - a classic south UNM 4-plex close UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the ABQ sunport, and I-25.Each 2 Bedroom / 1 Bath Apartment is separately metered for gas and electric and boasts secure & a very private patio or balcony space as well as washer/dryer hookups. All units have been modernized over time and feature quality contemporary lighting accents, solid surface flooring, mechanical system updates, and large kitchens with pragmatic bars that are perfect for entertaining or flexible additional workspace. The property also has a newer TPO Roof with transferable warranty and updated / recent evaporative coolers.Consider purchasing this 4-plex with its two sister properties next door at 1809 and 1815 Girard Blvd. SE, which are also currently on the market for sale. Call Listing Brokers for additional details.

2810 Vail Avenue SE, Albuquerque
$349,000
7 Beds ⋅ 4 Baths ⋅ 1108100 MLS ⋅ 28 DOM
Don't miss this excellent income-producing 4-plex located just minutes from the VA Hospital, offering a desirable location with strong rental appeal. Torch down Appex 4.5M roof installed April 2024The property consists of three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath. Property fully leased providing stable rental incomeConveniently situated near medical facilities, shopping, dining, and major transportation routes, this property is well-positioned for long-term occupancy and investment growth.

1029 Palomas Drive SE Unit A-D, Albuquerque
$522,720
3 Beds ⋅ 2 Baths ⋅ 1108087 MLS ⋅ 44 DOM
This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire an amazing fourplex that was built by the same engineer/ developer who built the Trestle. What is the Trestle? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history.This fourplex is part of a larger 16 units (4 x fourplexes) community that was developed by Dr. Carl Baum as his primary residence while he worked at Kirtland Air Force Base.Dr. Baum was known as a world recognized expert on electromagnetic pulse phenomena. He designed and built this portfolio of apartments to be closer to work and model his lifestyle after his work ethic.Beyond this Property's rich history, residents love the upgraded & properly loaded 2 bedroom 1 bath floor plans with quality updates, solid surface flooring throughout, modern fixtures, full size washer / dryers in a separate utility closets, big courtyard spaces, and large & updated kitchens with all appliances -including dishwashers.Measures of investment performance include: at ask price of $522,720, $130,650 per unit, $138.87/sf, 6.92% before reserves CAP rate, a 6.75% after reserves cap rate, and an after tax IRR of 19.2%.

1315 Madeira Drive SE, Albuquerque
$324,995
4 Beds ⋅ 3 Baths ⋅ 1108027 MLS ⋅ 114 DOM
$10K in Seller concessions w/acceptable offer! Great income potential with this spacious, move-in ready townhome that offers room to spread out and exceptional updates throughout! Major improvements include a new HVAC system and TPO roof w/ transferable warranty (2020), new sewer line (2023), LeafGuard seamless gutters (2021), and a new gas range (2020). The stunning $20,000 primary bath remodel by Paul Davis features a luxurious oversized shower and EPLO smart toilet. 2026 all interior just painted and new interior doors too! With 4 generous bedrooms, a formal dining room or office, an oversized laundry/hobby room, cozy kiva fireplace, private corner-lot yard with turf, patio and storage shed, plus an upper balcony, RV parking with hookup, and a prime location near Starbucks, I-40 and shopping, this home truly has it all!

650 Paisano Street NE, Albuquerque
$535,000
1 Beds ⋅ 1 Baths ⋅ 1107989 MLS ⋅ 45 DOM
Turnkey, fully occupied 6-unit investment opportunity! This professionally renovated 6-plex features six updated 1BR/1BA units with modern kitchens, tiled showers, LVT flooring, and fresh finishes throughout. Recent capital improvements include new mechanical systems and commercial-grade centralized gas tankless water heaters, helping minimize future maintenance. Strong in-place cash flow with approximately 7.6% cap rate at the current list price and excellent rental history. Ideal for investors seeking a stabilized, low-maintenance asset with immediate income. Please do not walk the property or disturb tenants. Showings by appointment only.

525 Mesilla Street SE Unit 1-6, Albuquerque
$495,000
3 Beds ⋅ 2 Baths ⋅ 1107955 MLS ⋅ 47 DOM
Tenant present, 24 hour notice required. This has been used as an AirBNB and there is an owner's unit with all but a kitchenette. Mostt of the furniture can be sold to new owner. A Gorgeous home in the heart of Mesa Del Sol. It boasts 9' ceilings, recessed lighting grand 8x5 kitchen island with granite counter tops, rich 42'' birch cabinets, stainless steel appliances, tankless water heater. Right down the street from the community pool and a lovely park! A generous. private outdoor area offers a great relaxation space surrounded by a coyote fence. There is Refrigerated air, an open kitchen and a separated primary suite that could be used as a separate unit. There is even a catio or a bird sanctuary. Such a cozy space with trees and landscaping which is hard to find in Mesa Del Sol!!

2404 Cunningham Avenue SE, Albuquerque
$295,000
2 Beds ⋅ 2 Baths ⋅ 1107948 MLS ⋅ 47 DOM
Great Location and Investment Opportunity. *** PLEASE DO NOT DISTURB OR TALK WITH TENANTS! Thank you! *** Both units are leased and property is in good condition as well. Large Garages and extra storage space for each unit. Easy access with plenty of space. Thank you.

610 San Pedro Drive SE, Albuquerque
$395,000
2 Beds ⋅ 1 Baths ⋅ 1107946 MLS ⋅ 48 DOM
TRI-PLEX Building, Roof and Property are all in good condition.*** PLEASE DO NOT DISTURB OR TALK WITH TENANTS*** Thank you! *** Total Units is 3; All Units have 2 bedrooms and 1 bath with a small storage. Each Unit also has 1 parking space and a front yard area. Back door has a 5x12 feet area.

525 Valencia Drive SE, Albuquerque
$546,500
3 Beds ⋅ 4 Baths ⋅ 1107834 MLS ⋅ 51 DOM
Rare opportunity to acquire such a unique and charming UNM area 4-plex with such an exceptional UNM area location - close to Roosevelt Park, CNM, UNM Hospital, Downtown, & just 2 blocks to Presbyterian Hospital. Recent property upgrades include a newer roof, thermal windows, updated electrical service, zoned mini-split heating and cooling in all units, and quality contemporary finishes across all four apartments. Each apartment features a very distinct floor plan with unique artistic touches and amenities throughout. You'll also find additional value-add opportunities by capitalizing on creating more common and private yard spaces or adding additional apartments.Large lot offers tons of great off-street parking and access options (off both the alley and Lead Ave) and potential for additional units. Detached garage is separately metered for electric and packs a lot of higher use potential too.

1920 Lead Avenue SE, Albuquerque
$199,000
4 Beds ⋅ 2 Baths ⋅ 1107821 MLS ⋅ 55 DOM
Unit 1100 & 1102 MUST be sold together with a full list price of $398,000. Both units are listed separately, it is a duplex being sold. Tenant occupied, no showings without a signed purchase agreement. Beautifully renovated duplex located in the heart of Albuquerque! This is the perfect opportunity for an owner-occupant looking to generate income while living in one unit, or for an investor seeking a turnkey rental property. Huge backyard with potential to build more units as well. Thoughtfully updated with new windows, blinds, flooring, fresh paint, modern appliances, bathroom vanities and toilets, this property offers both style and functionality. Unit 1102 has been fully remodeled with contemporary finishes, while Unit 1100, roughly 4 years ago had the same update, feels just like new and is equally inviting. BRAND new TPO roof!

1102 10th Street SW, Albuquerque
$199,000
4 Beds ⋅ 2 Baths ⋅ 1107819 MLS ⋅ 55 DOM
Unit 1100 & 1102 MUST be sold together with a full list price of $398,000. Both units are listed separately, it is a duplex being sold. Tenant occupied, no showings without a signed purchase agreement. Beautifully renovated duplex located in the heart of Albuquerque! This is the perfect opportunity for an owner-occupant looking to generate income while living in one unit, or for an investor seeking a turnkey rental property. Huge backyard with potential to build more units as well. Thoughtfully updated with new windows, blinds, flooring, fresh paint, modern appliances, bathroom vanities and toilets, this property offers both style and functionality. Unit 1102 has been fully remodeled with contemporary finishes, while Unit 1100, roughly 4 years ago had the same update, feels just like new and is equally inviting. BRAND new TPO roof!

1100 10th Street SW, Albuquerque
$499,000
4 Beds ⋅ 3 Baths ⋅ 1107630 MLS ⋅ 417 DOM
Fantastic investment opportunity! This property features a single-family home (700 sq. ft.) and a duplex with two 599 sq. ft. units, offering a combined 1,899 sq. ft. of living space. Currently tenant-occupied and delivering a 7% cap rate, this property is ideal for investors seeking immediate income. Each unit has been fully updated, minimizing maintenance and maximizing appeal for future tenants. Located in a prime area, this property offers strong rental demand and excellent long-term growth potential.

425 Fitzgerald Road NW, Albuquerque
$325,000
4 Beds ⋅ 3 Baths ⋅ 1107610 MLS ⋅ 2 DOM
Great investment opportunity just minutes from the ABQ BioPark and Downtown! This unique property features two separate living units, making it ideal for multi-generational living, owner-occupants looking for rental income, or investors. The main home offers 3 bedrooms, 2 living areas, a breakfast nook, and a private side yard, new primary shower tile as well. The second unit features a modern studio-style layout with a kitchenette, laundry hookups, and flexible living space. A large storage shed provides additional storage. Conveniently located near downtown, great restaurants and more, this property offers versatility and potential.

917 8th Street SW, Albuquerque
$365,000
6 Beds ⋅ 3 Baths ⋅ 1107596 MLS ⋅ 20 DOM
This four-unit apartment building offers a strong investment opportunity with a current 9.39% cap rate at full asking price. The property features four residential 2 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. A new roof was installed August of 2023 Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow.

126 Altez Street NE, Albuquerque
$600,000
6 Beds ⋅ 5 Baths ⋅ 1107566 MLS ⋅ 45 DOM
Excellent investment opportunity near UNM! This gated multi-family property features five rental units, including four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Wood and tile floors, no carpet. Amenities include four detached garages and a shared on-site laundry facility, adding convenience and additional value for tenants. Located just minutes from the University of New Mexico, hospitals, shopping, dining, and major commuter routes, this property offers strong rental appeal in a highly desirable area. Whether you're looking to expand your portfolio or invest in Albuquerque's thriving rental market, this income-producing property is one you certainly want to see!

415 Vassar Drive SE, Albuquerque
$994,495
8 Beds ⋅ 7 Baths ⋅ 1107259 MLS ⋅ 132 DOM
Unique opportunity to own a quality, updated 7 Unit Apartment Compound. This unique listing at 1003 - 1005 Carlisle SE offers a four-plex and a tri-plex on two separate parcels packaged together. The fully revitalized community is embedded in an area of redevelopment in the Knob Heights Neighborhood on the south side of Ridgecrest - walking distance to Castle Coffee, the Source Community Center, a Community Garden, multiple neighborhood parks, and just minutes to UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25. All seven apartments have been modernized with care and an eye for resident comfort. Classic, well-preserved vintage finishes have been thoughtfully combined with all the right amenities - like in unit washer / dryers & private yard spaces.

1003-1005 Carlisle Boulevard SE, Albuquerque
$215,000
2 Beds ⋅ 1 Baths ⋅ 1107191 MLS ⋅ 66 DOM
Income property or owner-occupant opportunity at a fantastic price point! This duplex features two well-designed units, each offering 2 bedrooms, 1 full bathroom. Each unit also includes off-street parking for up to two vehicles. Conveniently located near shopping, restaurants, schools, parks, and major commuter routes. These units are designed for efficient, low-maintenance ownership, featuring durable tile flooring throughout and separately metered gas and electric utilities to help streamline operating expenses. Each unit also includes in-unit laundry hookups, a highly desirable amenity that enhances tenant convenience and strengthens rental appeal.

513 Utah Street SE, Albuquerque
$245,499
2 Beds ⋅ 2 Baths ⋅ 1106981 MLS ⋅ 66 DOM
Excellent investment opportunity or ideal owner-occupant duplex! This well-maintained property features two 1-bedroom, 1-bath units, with one unit currently occupied and the other recently refreshed and move-in ready. The vacant unit offers new interior paint, 4-inch baseboards, a new bathroom vanity, new closet and bathroom doors, and rekeyable locks for easy tenant turnover. Additional updates include a newer roof, tile flooring, updated electrical and plumbing, new ranges, MasterCool air conditioners, wall heater, water heater, and a new 6-foot privacy fence. Ample off-street parking, a spacious backyard, and shared on-site laundry add to the appeal. A great opportunity to invest or live in one unit while generating rental income from the other!

636 San Pablo Street SE, Albuquerque
$528,895
4 Beds ⋅ 4 Baths ⋅ 1106970 MLS ⋅ 63 DOM

1928 Buena Vista Drive SE, Albuquerque
$349,900
2 Beds ⋅ 2 Baths ⋅ 1106955 MLS ⋅ 64 DOM
Duplex directly across from Roosevelt Park! 1407 & 1409 Hazeldine SE offer 1BR/1BA units w/refrig & gas range in each. 1 Garage space for each unit. Spacious backyard for common space. Original hardwood floors in both units. New TPO roof in 2024. Upgraded Electric panel. 1407 incls small priv enclosed yd, lath/plaster walls, vinyl flrs in kit/service area to backyard, tile tub surround & 2 wall heat units. 1409 incls 2 nat gas wall furnaces, BR carpet, wood-look vinyl in kit/bath, cultured marble tub surround & W hookups. Both units feature a flex space area. New TPO roof 2024. Backyard access to det garage/parking area, w/shared common yd space w/mature trees & garden potential. Great rental/investment/owner occupant opportunity near park amenities playgrounds & downtown/UNM access.

1407,1409 Hazeldine Avenue SE, Albuquerque
$379,900
6 Beds ⋅ 3 Baths ⋅ 1106771 MLS ⋅ 69 DOM
Strong investment opportunity in a desirable rental corridor just a 10-minute drive to UNM and Nob Hill. This property features 2-bedroom, 1-bathroom units that are individually metered for gas and electric, helping support efficient tenant utility management. The property shares a courtyard with 538 Ortiz (MLS# 1106770) , creating potential for a combined acquisition and stronger portfolio presence. The seller prefers to sell both properties together. Please do not disturb tenants. Showings are subject to an accepted offer.

540 Ortiz Drive SE, Albuquerque
$379,900
6 Beds ⋅ 3 Baths ⋅ 1106770 MLS ⋅ 69 DOM
Strong investment opportunity in a desirable rental corridor just a 10-minute drive to UNM and Nob Hill. This property features 2-bedroom, 1-bathroom units that are individually metered for gas and electric, helping support efficient tenant utility management. The property shares a courtyard with 540 Ortiz (MLS# 1106771), creating potential for a combined acquisition and stronger portfolio presence. The seller prefers to sell both properties together. Please do not disturb tenants. Showings are subject to an accepted offer.

538 Ortiz Drive SE, Albuquerque
$465,000
5 Beds ⋅ 2 Baths ⋅ 1106694 MLS ⋅ 74 DOM
Fully Remodeled Triplex on 0.28 AcresDon't miss this opportunity to own a versatile multi-family property with significant updates already completed & strong long-term investment potential.Spacious lot, featuring 3 well-maintained units with ample parking & updated systems throughout.Unit C: 3 BR, 1 bath, approx 1,300 sf.Unit A: 2 BR, 1 bath, approx 733 sf.Unit B: 2 BR, 1 bath, approx 733 sf.Recent improvements include a roof replaced just 2 years ago, extensive remodeling throughout, newer appliances. Unit C also features new windows, enhancing comfort & energy efficiency.Each unit offers parking for two or more vehicles. With a desirable unit mix, modern updates, & a large lot, this property is ideal for investors or owner occupant looking to offset expenses with rental

1609 Lundy Lane SW, Albuquerque
$410,000
6 Beds ⋅ 4 Baths ⋅ 1106390 MLS ⋅ 77 DOM
Duplex has been updated in 2016 for low maintenance (tile and/or laminated flooring), and is popular with subsidized housing tenants due to the 3bed 1.5ba floor plan in each unit. A converted, unwarranted 'bonus' garage space is also housing an additional tenant which may be convenient for the owner as a maintenance occupancy unit. Approximately 10%-11% cap rate. Within immediate vicinity of the airport and close to the upcoming MaxQ development and Kirtland AFB Carlisle Gate. Also close to UNM, Central dining, restaurants, and shopping and to Nob Hill as well. Also equipped with low maintenance durable mastercool units, 2020 roof replacement, and brick construction exterior walls.

3513 Crest Avenue SE, Albuquerque
$740,831
3 Beds ⋅ 3 Baths ⋅ 1106356 MLS ⋅ 73 DOM
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excitedto bring to market such a high rate of return multi-family investment. Located at 6720 CochitiSE - just one block from historic Route 66 which contains the spine of Albuquerque's masstransit corridor. Although the area appears a bit rough now, the state has indicated they in-tend to redevelop the NM Fair grounds, located just north of this property with $200M of re-development that could include a stadium for NM United, as well housing retail and a com-plete mixed use community.6720 Cochiti SE offers a fantastic opportunity to capitalize on cross-community concentrationon improving the International District and the Fairgrounds neighborhoods. The compound of9 units has been totally updated and fortified by quality metal fencing and multiple secureddrive-thru & pedestrian gate entries. Inside the compound, residents enjoy meandering walk-ways to their unique casita-style 1 bedroom apartments, secured common patio space, acommon laundry room, and secured off-street parking. All apartments have been properlyupdated with quality, long-term finishes including thermal windows, luxury vinyl plank flooring,custom tile work, and contemporary fixtures.Beyond its proximity to Expo NM/State Fair grounds, Kirtland Air Force Base, Sandia NationalLaboratories, Ta-Lin International Marketplace and the 3 million square feet of retail in ABQ'sUptown Area, any savvy investor knows there are three magic numbers for Albuquerque:100, 320 and 24,343. Albuquerque has been home to the historic mother road, Route 66, for100 years of its 320-year history, and it's currently undergoing a housing shortage of 24,343units. Do not miss out! This marketplace has not offered a 8%+ cap rate multi-family investment opportunity in many decades - especially on a property that has already been so significantly updated.

6720 Cochiti Road SE, Albuquerque

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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.