Refine Search
Map
Sort by
$465,000
5 Beds ⋅ 2 Baths ⋅ 1106694 MLS ⋅ 75 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 ⋅ 79 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 ⋅ 75 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
$369,000
2 Beds ⋅ 2 Baths ⋅ 1106262 MLS ⋅ 128 DOM
Discover the perfect blend of historic charm and modern comfort in this beautifully renovated duplex located in Huning Highland District. 601 Walter St: features a bright and inviting 2-bedroom, 1-bath floor plan with a stylish modern kitchen and open-concept living area. 520 Iron Ave: offers a cozy 2-bedroom, 1-bath layout designed for comfort and convenience. Ideal for travel nurses, visiting professionals, or anyone seeking a turnkey home-away-from-home, this unique duplex presents an outstanding opportunity in one of Albuquerque's most desirable historic neighborhoods. Just minutes from Presbyterian Hospital, UNM Main Campus, Downtown, and local dining and entertainment, this versatile property offers exceptional appeal for both homeowners and investors.

520 Iron Avenue SE, Albuquerque
$549,000
1 Beds ⋅ 1 Baths ⋅ 1106259 MLS ⋅ 128 DOM
Turnkey Tri-Plex in the heart of Huning Highland! This meticulously maintained 3-unit property features three spacious 1-bedroom, 1-bath apartments, each with private entrances and modern updates. Ideal for an owner-occupant or investor, it has a proven history as a successful Airbnb with strong potential for short- or long-term rentals. Located near Downtown, UNM, and Nob Hill, with off-street parking and a fenced yard. Don't miss this rare opportunity to own a cash-flowing gem in one of Albuquerque's most sought-after historic neighborhoods!

508 Walter Street SE, Albuquerque
$500,000
6 Beds ⋅ 4 Baths ⋅ 1106191 MLS ⋅ 76 DOM
Lovely renovated and upgraded investment property in Downtown Albuquerque near ACC. Each unit has outdoor space and washers and dryers. Heating and cooling has been upgraded in these units. Electricity is separately metered. All units have Washer and Dryer in unit.Court ordered sale Special Master makes all decisions. Sale is AS IS.

905 Coal Avenue SW, Albuquerque
$229,900
4 Beds ⋅ 3 Baths ⋅ 1106009 MLS ⋅ 85 DOM
Three residential structures situated on a single parcel, live in one and rent the others with a potential for redevelopment. Property is being sold in its current condition. Access to major roadways, services, and commercial amenities. Buyers are encouraged to conduct their own due diligence regarding condition, zoning, permitted uses, and future development potential.

120 Veranda Road NW, Albuquerque
$1,190,000
14 Beds ⋅ 14 Baths ⋅ 1105932 MLS ⋅ 84 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
$399,000
4 Beds ⋅ 2 Baths ⋅ 1105886 MLS ⋅ 86 DOM
Well maintained duplex close to the University of New Mexico! Terrific opportunity for homeowner; live in one, rent the other or investor! Both units feature refrigerated air, CFA heat, hardwood floors, washer & dryer in the unit, separately metered gas & electric, separate yards, each has a 1CG. Convenient location close to popular UNM/Nob Hill area, shopping, art, dining, parks, hospitals & transportation!!

215 Madison Street NE, Albuquerque
$560,000
8 Beds ⋅ 4 Baths ⋅ 1105632 MLS ⋅ 88 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 ⋅ 99 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 ⋅ 91 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
$250,000
2 Beds ⋅ 2 Baths ⋅ 1105198 MLS ⋅ 100 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
$335,000
9 Beds ⋅ 4 Baths ⋅ 1104900 MLS ⋅ 2 DOM
4-plex featuring three 2-bedroom, 1-bath units and one spacious 3-bedroom, 1-bath unit. This income-producing property is currently cash flowing and offers a desirable unit mix to support consistent rental demand. Functional layouts and established occupancy provide a solid foundation for continued performance. A strong addition to any portfolio. Across from Mesa Verde Park and Community Center. Showings available after an accepted offer only.

8021 Marquette Avenue NE, Albuquerque
$335,000
9 Beds ⋅ 4 Baths ⋅ 1104899 MLS ⋅ 2 DOM
Excellent investment opportunity! This 4-plex features three 2-bedroom, 1-bath units and one spacious 3-bedroom, 1-bath unit, offering strong rental appeal and steady income potential. Currently cash-flowing, this property is ideal for investors looking to expand their portfolio with a proven performer. Functional layouts and consistent occupancy make this a turnkey addition. Across from Mesa Verde Park and Community Center. Please note: showings are available after an accepted offer only.

8017 Marquette Avenue NE, Albuquerque
$335,000
9 Beds ⋅ 4 Baths ⋅ 1104897 MLS ⋅ 90 DOM
Excellent investment opportunity! This 4-plex features three 2-bedroom, 1-bath units and one spacious 3-bedroom, 1-bath unit, offering strong rental appeal and steady income potential. Currently cash-flowing, this property is ideal for investors looking to expand their portfolio with a proven performer. Functional layouts and consistent occupancy make this a turnkey addition. Across from Mesa Verde Park and Community Center. Please note: showings are available after an accepted offer only.

7909 Marquette Avenue NE, Albuquerque
$335,000
9 Beds ⋅ 4 Baths ⋅ 1104893 MLS ⋅ 90 DOM
Excellent investment opportunity! This 4-plex features three 2-bedroom, 1-bath units and one spacious 3-bedroom, 1-bath unit, offering strong rental appeal and steady income potential. Currently cash-flowing, this property is ideal for investors looking to expand their portfolio with a proven performer. Functional layouts and consistent occupancy make this a turnkey addition. Across from Mesa Verde Park and Community Center. Please note: showings are available after an accepted offer only.

7905 Marquette Avenue NE, Albuquerque
$798,456
8 Beds ⋅ 8 Baths ⋅ 1104663 MLS ⋅ 103 DOM
Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a unit mix of 1-bedroom/1-bath catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 7.37% 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.

635 & 637 Mesilla Street SE, Albuquerque
$1,594,615
3 Beds ⋅ 2 Baths ⋅ 1104629 MLS ⋅ 102 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
$595,000
2 Beds ⋅ 2 Baths ⋅ 1104605 MLS ⋅ 107 DOM
Spectacular Old Town Adobes on .25ac - Two Homes on One Property! A rare opportunity to own two lovingly restored adobe homes, showcasing authentic New Mexican charm and timeless character. Each home has been thoughtfully updated with respect for the original features. The homes features thick adobe walls, wood floors, vintage light fixtures and updated kitchens and bathrooms. Old Town charm is everywhere you look, from the bell above the Lomas home, the ristras, vintage wagons, custom tin outdoor lights and carved tree with Our Lady of Guadalupe. Endless possibilities for live or work combinations. Currently used as successful airbnbs, but have previously been an an art studio, small private school and a jewelry shop. Private gated entrance with ample parking. New roofs installed 4/26.

1913 Lomas Boulevard NW, Albuquerque
$469,000
8 Beds ⋅ 4 Baths ⋅ 1104528 MLS ⋅ 471 DOM
Attention investors! This Southeast Heights 4-plex is a fantastic opportunity to expand your investment portfolio. The property features four fully occupied 2-bedroom, 1-bath units, each with its own individual utility meter. Conveniently located near shopping, dining, and everyday amenities, this income-producing property offers strong rental appeal in a desirable location.

528 Alvarado Drive SE, Albuquerque
$295,000
2 Beds ⋅ 2 Baths ⋅ 1104442 MLS ⋅ 143 DOM
Prime UNM investment opportunity! This well-maintained pueblo-style duplex delivers steady income, modern upgrades, and unbeatable location appeal. Both units feature hardwood floors, open living/kitchen layouts, and private 1-bed/1-bath floorplans with access to a large, fully fenced backyard which could be divided. Major improvements include newer 3'' insulated stucco, TPO roof, double-paned windows, tankless water heaters, and mini-splits in both units--ideal for low maintenance and long-term efficiency. One unit is tenant-occupied; the other is freshly painted and ready to lease or occupy. Excellent rental history and strong demand in this high-performing area make this a smart, turnkey addition to any portfolio.

3518 Eastern Avenue SE, Albuquerque
$950,000
10 Beds ⋅ 5 Baths ⋅ 1104437 MLS ⋅ 218 DOM
SAWMILL DISTRICT INVESTMENT PACKAGE | 3 RENOVATED HOMES + DEVELOPMENT LOT Rare opportunity to own three fully renovated homes plus an additional development lot in Albuquerque's highly sought-after Sawmill District. Extensive updates include kitchens, bathrooms, flooring, roofing, windows, stucco, plumbing, water lines, electrical systems, and more. Ideal for investors seeking short-term rentals, long-term rentals, house hacking, multi-generational living, or future development potential. Conveniently located near Old Town, Sawmill Market, museums, dining, and Downtown Albuquerque. A unique opportunity offering immediate income potential, flexibility, and future upside in one of Albuquerque's most desirable neighborhoods.

1321 15th Street NW, Albuquerque
$450,000
1 Beds ⋅ 2 Baths ⋅ 1104393 MLS ⋅ 106 DOM
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality University area eight-plex to market.This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Located at 2104 Lead SE this eight unit community is property is walking distance to UNM and CNM, Smith's grocery store and dozens of restaurants, cafes, micro-breweries, & quality local retail--basically everything a young university student would need is close by!Start PriceThat start price is about the same as the average ABQ fourplex - metrics of investment performance at the ask price of $450,000 and with average rent at $750 include a price per sf of $169, a price per unit of $56,250, a GRM of 6.25, cap rate of 9.01% and an after-tax internal rate of return of 23.3%. If rents are raised to market average of $959, the measure of investment performance improve to a potential cap rate of 12.42%.BID Process/timelineThe property tour is noon on Tuesday, October 6th - register at (see flyer)(this also provide access to the confidential document center)Offer deadline is noon no Thursday, October 8th.

2104 Lead Avenue SE, Albuquerque
$349,900
7 Beds ⋅ 4 Baths ⋅ 1104238 MLS ⋅ 115 DOM
This well-maintained 4-plex is an excellent investment opportunity with strong rental appeal and low-maintenance features throughout! Offering three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, this property is designed for easy ownership and tenant convenience. Recent improvements include a newer roof with warranty, newer fencing, and refreshed stucco surfaces for added peace of mind. Interiors feature durable flooring throughout with no carpet, making upkeep simple and cost-effective. All units equipped with electric systems for easier and more affordable repairs, plus stoves and refrigerators are included in every unit. Select units also offer washer hookups for added tenant convenience. A great addition to any investment portfolio with practical upgrades.

209 Texas Street NE, Albuquerque
$495,000
6 Beds ⋅ 3 Baths ⋅ 1104194 MLS ⋅ 113 DOM
Well maintained tri-plex located in a secluded pocket neighborhood close to KAFB, the VA Hospital, Nob Hill and UNM/UNMH. Excellent opportunity to add to your portfolio or start your portfolio. Each unit has two bedrooms, spacious living room, full bath, large kitchen, and a back patio area. Each unit has a detached storage unit in the back corner of the property for extra items. Each unit is individually metered for gas and electric. Owner pays water, sewer, and trash. One on-site parking spot and plenty of street parking. Sellers also own 4017 Thaxton SE, a tri-plex next door. Buy one property or both!

4021 Thaxton Avenue SE, Albuquerque
$1,739,530
1 Beds ⋅ 2 Baths ⋅ 1104004 MLS ⋅ 187 DOM
*Property is being sold as a package with 1024 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.

1008 Alvarado Drive SE, Albuquerque
$1,660,470
3 Beds ⋅ 3 Baths ⋅ 1104005 MLS ⋅ 187 DOM
*Property is being sold as a package with 1008 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.

1024 Alvarado Drive SE Unit APT 6, Albuquerque
$550,000
8 Beds ⋅ 4 Baths ⋅ 1103919 MLS ⋅ 209 DOM
*Now Selling Separate from 1225* 1225 & 1237 Menaul Blvd. NW present a strong value-add multifamily investment opportunity with a projected 6.83% pro forma cap rate and 100% occupancy as of June 2026. The properties feature an efficient unit mix comprised entirely of spacious 2-bedroom, 1-bath units, appealing to a broad tenant base. Several units have recently undergone interior renovations, creating additional upside through future rent growth and continued operational improvements. Unit amenities include refrigerated air, in-unit washer/dryer hookups, and private balconies or patios. Conveniently located near I-40, the properties offer quick access to Downtown Albuquerque, employment centers, and the Indian Pueblo Cultural Center.

1237 Menaul Boulevard NW, Albuquerque
$550,000
8 Beds ⋅ 4 Baths ⋅ 1103921 MLS ⋅ 208 DOM
*Now Selling Separate from 1237*1225 & 1237 Menaul Blvd. NW present a strong value-add multifamily investment opportunity with a projected 6.83% pro forma cap rate and 100% occupancy as of June 2026. The properties feature an efficient unit mix comprised entirely of spacious 2-bedroom, 1-bath units, appealing to a broad tenant base. Several units have recently undergone interior renovations, creating additional upside through future rent growth and continued operational improvements. Unit amenities include refrigerated air, in-unit washer/dryer hookups, and private balconies or patios. Conveniently located near I-40, the properties offer quick access to Downtown Albuquerque, employment centers, and the Indian Pueblo Cultural Center.

1225 Menaul Boulevard 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.