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$575,000
4 Beds 3 Baths 1103607 MLS 21 DOM
Step into a rare investment opportunity. This stunning remodeled fourplex features two separate buildings with two units in each, creating the ideal setup for long-term passive income. Major upgrades completed, including a brand-new roof, HVAC systems, water heaters, new appliances, fresh stucco, and upgraded electrical underway. Beyond the upgrades, the property offers an inviting gated front yard, landscaping, a private courtyard between both buildings, and covered carport parking with a space for each tenant. Whether you're expanding your portfolio or securing your first multifamily investment; this is the perfect opportunity for investors seeking a turnkey, income-producing property with modern improvements and long-term value.

1109 Coal Avenue SW, Albuquerque

$950,000
2 Beds 1 Baths 1103496 MLS 122 DOM
At 1300 SF each, all 7 apartments are nicely updated two story two bedroom / one and a half Bathroom townhome style floorplans with well-apportioned rooms, separate large utility rooms (with Washer / Dryer hook ups or washer / dryer included), and giant living areas with woodburning stoves! All kitchens are nicely updated and include dishwashers and electric ranges. All apartments are also separately metered for gas and electric and offer forced central heating. 4 of the 7 apartments have been converted to refrigerated air!Potential upside includes conversion to a condominium community with a large spread between the current price of $135,714 per unit and the average ask price for $242,500 (per SWMLS report 5/12 - 2 bedroom units with 1,200 to 1,400 sf condos without garages.)

3505 Lafayette Drive NE, Albuquerque

$510,000
8 Beds 15 Baths 1103323 MLS 108 DOM
NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located acrossthe street from the Puerta del Sol Golf Course, the property features stunning mountain views over the golf course. It is also just 1 block from the future site of the Aviation Center for Excellence, it's less than 1/2 a mile from the Max Q Development, and it's just 2 miles east of the just- announced Lobo Crossing Retail Development.With 4 modernized, well-apportioned 2 Bed / 1 bath apartments and 4 detached storage units, the property presents a unique opportunity for a conventional investor looking for a solid asset with easy upside potential or an ideal chance for an owner interested in living in an updated apartment and completing the ultimate investment house hack.All apartments are separately metered for gas and electric and offer enclosed private patios or balconies. Apartments have been updated as they've come available over the last few years. A new roof was put on the building in Summer of 2026. A full renovation wasalso just completed on Unit D, which has been left vacant and available for potential owner occupants as well as for showings with pre-approved buyers.Expedite your appreciation by grabbing simple and easy low hanging value, including: an unused common laundry room ready for renovation and inherent additional income, easy pathways for creating large backyards on the two ground floor units, and 4 separate, detached storage units that can be rented to tenants or the public for additional income.The same seller also owns 1815 Girard SE and will be soon bringing it to market at $510,000 as well. It also boasts a new roof (2025) and has a vacant apartment available for showings and / or an own-er occupant. If an investor decides to purchase bothcommunities together, Seller will offer a portfoliodiscount of $10,000 - for a Sales Price of $1,010,000for both properties (8 units).

1809 Girard Boulevard SE, Albuquerque

$514,500
2 Beds 2 Baths 1103321 MLS 127 DOM
Unique opportunity to own a quality, updated UNM 4-plex. Embedded in an area of redevelopment in the Knob Heights Neighborhood on the south side of Ridgecrest - walking distance to Castle Coffee, theSource 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 4 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, very private yard spaces, & updated fixtures and finishes.All apartments are 1 bd / 1 ba floor plans at just over 660 SF. Building is nicely updated - Including new Roof in 2025!

1005 Carlisle Boulevard SE, Albuquerque

$1,500,000
12 Beds 12 Baths 1102929 MLS 1801 DOM
Exceptional investment opportunity! This modern 6-unit building, just two years old, showcases quality craftsmanship from an experienced builder/owner and delivers an impressive cap rate. Each unit is thoughtfully designed with contemporary finishes and efficient layouts, ensuring both style and durability. Currently operated as successful Airbnb rentals, this property offers strong, proven income potential and immediate cash flow. The building's newer construction minimizes maintenance costs while maximizing long-term value, ideal for investors seeking turnkey performance in a thriving short-term rental market. A rare chance to own a high performing income property built and managed with experience and attention to detail. 5 of 6 units are now cash flowing AirBnB units - See APOD

615 Iron Avenue SW, Albuquerque

$612,369
3 Beds 3 Baths 1101217 MLS 159 DOM
This property is ideally located in Downtown Albuquerque, within walking distance to downtown/old town 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 fourplex offers charm and character in a prime location just minutes from the energy of Downtown and Old Town Albuquerque.The unit mix consists of 4 Units: (1) studio unit, (2) 1BR / 1BA units, and a larger main residence with one 2BR / 1BA unit. Alley and on street parking is available to the residents. The property includes a separate laundry room, high speed internet and camera system. Each unit has stunning hardwood floors and the front units have vaulted ceilings.

715 Fruit Avenue NW, Albuquerque

$1,375,000
11 Beds 8 Baths 1101065 MLS 183 DOM
Introducing Academy Casitas, Albuquerque's unique tiny village in the heart of downtown. This 8-unit hacienda-style community sits on a private, scenic .52 acre lot with ample parking and mixed-use zoning. Thoughtfully developed over 20 years, the property blends Southwestern charm with functional design, offering privacy and dedicated outdoor living spaces. Features include an on-site laundry room, a Morton steel building, and an RV pad with hookups. Well maintained with updates to roof, HVAC, appliances, and sewer/water lines. Flexible rental options for short- or long-term use. Turnkey asset with strong cash flow and upside potential. Academy Casitas domain https://academycasitas.com/ will convey with the sale of the property.

1508 Edith Boulevard NE, Albuquerque

$390,000
2 Beds 2 Baths 1100691 MLS 178 DOM
.Sellers are motivated and open to all reasonable offers. Rare opportunity to purchase an investment property featuring two homes on three city lots in a central Wells Park location. Excellent access to I-40, Downtown, and major corridors. Property offers ample parking, plus alley access with a gated entrance for additional vehicle/storage flexibility.Large lot size and zoning provide strong redevelopment potential for investors seeking long-term upside or multi-lot assembly. Both homes are currently occupied; please do not disturb tenants. Interior access available after an executed contract.Sellers also own 1514 and 1516 3rd St NW. These properties are not currently listed, but may be available next year, offering a rare chance to assemble a large contiguous section with significant future potential.

1512 &1510 3rd Street NW, Albuquerque

$499,000
6 Beds 4 Baths 1100193 MLS 183 DOM
This income-producing triplex offers a great opportunity for both investors and owner-occupants. The property features three units, providing multiple streams of rental income and strong cash flow potential. Its convenient location offers easy access to local amenities, schools, and major roadways, making it attractive to tenants. With solid occupancy potential and long-term value, this triplex is a smart addition to any real estate portfolio. Unit A and B offer 691 sqft of living space and includes a stackable washer and dryer. Unit C offers 1,056 sqft of living space, a 1-car garage, and a standalone washer and dryer conveniently located in the garage.**Unit inspections will be scheduled by appointment after a signed purchase agreement is received.

4609 Douglas Macarthur Road NE, Albuquerque

$398,500
3 Beds 2 Baths 1099848 MLS 195 DOM
Two casitas with shared courtyard in Martineztown, just east of the Courthouses & just down the hill from UNM! Abundant with NM charm & style the property includes Saltillo & Mexican Talavera tile, vigas, beams, latillas, corbels, columns & ''mucho mas''. Front casita w/2 bedrooms, colorful 3/4 bath, liv room, office & full kitchen w/shaker-style cabinets, DW & fridge. Back casita has liv room, compact kitchen, another colorful bath & expanded bedroom w/banco. Both casitas are adobe & feature unique custom tile floor patterns, wood ceilings & thermal windows. The courtyard is covered on 3 sides for a distinctive outdoor living area. There is off-street parking for 3 cars. This little compound is sited within a wonderfully colorful & historic part of ABQ. TENANT OCCUPIED - DO NOT DISTURB.

902 Edith Boulevard NE, Albuquerque

$350,000
4 Beds 4 Baths 1099819 MLS 193 DOM
This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 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. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.

123 General Arnold Street NE, Albuquerque

$560,000
4 Beds 5 Baths 1099347 MLS 155 DOM
DO NOT ENTER PROPERTY/ DO NOT DISTURB TENANTS. Just steps to Old Town Plaza and almost a quarter acre lot. Rare find! Available are two side-by-side multi-unit/ multi-building properties in prime Old Town (also see listing for 319 Rio Grande NW [next door]). This property consists of a Rio Grande Blvd-facing commercial storefront building with a private exterior entry 2nd floor studio apt., a separate duplex building (one 2-bed/1-bath + one studio/1-bath) as well as a private 2-bed/1-bath casita at the back of the lot. Close to I-25, Rio Grande River, downtown, etc. Great potential for possible complete redevelopment? Or rehab as a multi-unit AirBnB with gift shop or gallery. Or maybe even turn this property into a multi-generational private urban ''homestead'' with a family-run store.

315 Rio Grande 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.