Courtesy: EXP Realty LLC
505-264-3082
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.
Courtesy: EXP Realty LLC
505-264-3082
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.
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
Property went to market after adjoining property at 1809 Girard SE (owned by same owner) went under contract. Community also includes storage units.
Courtesy: ERA Summit
505-379-6664
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!
Courtesy: EXP Realty LLC
505-264-3082
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.
Courtesy: Berkshire Hathaway NM Prop
505-453-6264
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.
Courtesy: Pasquale Realty
505-366-1380
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!
Courtesy: RE/MAX SELECT
505-220-7068
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.
Courtesy: Keller Williams Realty
505-375-2062
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
Courtesy: Coldwell Banker Legacy
708-522-1081
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.
Courtesy: Keller Williams Realty
505-238-0308
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.
Courtesy: Keller Williams Realty
505-238-0308
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.
Courtesy: Realty One of New Mexico, LLC
505-507-9671
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.
Courtesy: T & C Management, LLC
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.
Courtesy: Realty One of New Mexico
505-553-0611
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
Courtesy: RE/MAX SELECT
505-220-7068
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.
Courtesy: Chris Lucas Real Estate
505-463-5317
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.
Courtesy: Maestas Real Estate Services
505-463-3565
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.
Courtesy: Keller Williams Realty
505-375-2062
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!
Courtesy: Maestas Real Estate Services
505-463-3565
The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, providing convenient access to thousands of jobs in defense, technology, engineering and research. The area also benefits from proximity to Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurantsand public transportation. Albuquerque continues to experience significant public and private investment, with expansion from Netflix, Meta, Intel, Amazon and other major employers strengthening the metro's economy and supporting continued housing demand. Priced below the market average for comparable fourplex sales, 217 General Stilwell offers investors an attractive basis, strongemployment fundamentals and long-term potential for appreciation and rent growth. Don't miss this opportunity to acquire a well-positioned multifamily investment in one of Albuquerque's established rental corridors. With a start price of $425,155 and an average rent of $918 the metrics of investment performance are a GRM 9.65, 7.28% caprate, IRR after tax 14.5%. This is the type of property that feels more like housing than apartments -- a feature many residents value.
Courtesy: MORE Realty, Inc
505-235-2831
Investor special in central Albuquerque! This versatile property offers strong potential for pad-split or rental income with multiple living areas and easy access to UNM, downtown, and I-25. Solid structure ready for updates--ideal for cash buyers or value-add investors seeking high ROI. Large lot with off-street parking and room for outdoor amenities. Great opportunity to create affordable housing or a profitable shared-living setup. Priced to move--don't miss this one!
Courtesy: Coldwell Banker Legacy
505-269-9878
**Calling all investors!** This 4-plex is a great opportunity to add to your portfolio. The property is **fully rented** and features newer coolers, a roof approximately 2 years old, and windows approximately 2 years old. Units feature a combination of tile and carpet flooring. Convenient location with easy freeway access and close to Sprouts & Smith's grocery, Michael's (hobby & home decor), movie theaters, Singing Arrow Community Center, coffee shops, shopping, and retail. A great opportunity for a first-time investor or an experienced investor looking to expand their portfolio. **Showings are available after an accepted offer only.**
Courtesy: Deacon Property Services
505-878-0100
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market this opportunity to purchase this 10-plex with two bedroom, one bathroom units. The property includes two fourplexes and one duplex.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.This 10-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Face-book, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.
Courtesy: Deacon Property Services
505-878-0100
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market such a well-priced, updated 4-plex with sizeable two bedroom, one bathroom units and secured courtyard entry.Recent building modernization includes: new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers, new evaporative cool-ers, updated electrical, wrought iron security fencing, updated toilets, as well as more recent updates to some of the mechanical systems on the property.Exceptional and very rare opportunity for such a well-updated 4-plex priced with an 8 Cap and nearly a 10% cash on cash return for an owner occupant or a 7.2Cap for an investor with professional property management.
Courtesy: Berkshire Hathaway NM Prop
505-453-6264
Major fixer-upper opportunity. The property is in poor condition and cited as substandard with the city not safe to enter. The property will require extensive repairs and updates throughout, including but not limited to roof, plumbing, flooring, paint, and water damage remediation. Not move-in ready. Property is being sold as-is, with no repairs by seller.
Albuquerque is located in New Mexico. Albuquerque, New Mexico has a population of 562,336. Albuquerque is less family-centric than the surrounding county with 25.25% of the households containing married families with children. The county average for households married with children is 25.49%.
The median household income in Albuquerque, New Mexico is $56,366. The median household income for the surrounding county is $56,920 compared to the national median of $69,021. The median age of people living in Albuquerque is 37.5 years.
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 23.5 degrees. The average rainfall is approximately 11.1 inches per year, with 10.6 inches of snow per year.
