Courtesy: NAI SunVista Commercial RE
505-504-8883
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.
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
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
Courtesy: ListWithFreedom.com
855-456-4945
A spacious lot with two separate structures and total improvement potential in one structure ADU/guest house area, offering a unique setup for renovation, multigenerational living, studio space, or future use. Property features gated entry, tile flooring, courtyard-style outdoor space, mature shade trees, and ample off-street parking. Property needs repairs and is being sold AS-IS.Owner Broker
Courtesy: Realty One of New Mexico
505-550-8331
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
Courtesy: T & C Management, LLC
Welcome to these spacious one bedroom apartments in the vibrant heart of ABQ! These 4 units boast a large living room and a bonus mud room, providing ample space for your comfort and convenience. The open floor plan allows for a seamless flow from one area to another, creating a sense of spaciousness and freedom. The apartment is conveniently located close to a variety of restaurants, offering a wide range of dining options right at your doorstep. Additionally, on-site parking is available.
Courtesy: Keller Williams Realty
505-271-8200
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.
Courtesy: RE/MAX SELECT
505-220-7068
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!!
Courtesy: Beyond Real-Estate
505-485-9483
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
Courtesy: Trinity Apartment Company LLC
505-269-1824
Exceptional opportunity to acquire a 8-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 7.37% 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.
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
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.
Courtesy: Maddox & Co/REALTORS
505-270-5798
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.
Courtesy: Realty One of New Mexico
505-379-9360
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.
Courtesy: Lucky Dog Realty, LLC
505-270-5552
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.
Courtesy: EXP Realty LLC
505-818-9449
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.
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
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. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.
Courtesy: Talia Freedman and Co.
505-917-5133
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: MORE Realty, Inc
505-610-1893
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.
Courtesy: 1 Percent Lists NM Realty
505-440-8473
Package offering with 4017 Thaxton SE. 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. Owners will only sell 4021 Thaxton SE with 4017 Thaxton SE. 4017 Thaxton can be sold separately. See MLS 1097572.
Courtesy: NAI SunVista Commercial RE
505-504-8883
*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.
Courtesy: NAI SunVista Commercial RE
505-504-8883
*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.
Courtesy: NAI SunVista Commercial RE
505-504-8883
1225 & 1237 Menaul Blvd. NW present a strong value-add multifamily investment opportunity with a projected 6.44% pro forma cap rate and 100% occupancy as of May 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.
Courtesy: NAI SunVista Commercial RE
505-504-8883
1225 & 1237 Menaul Blvd. NW present a strong value-add multifamily investment opportunity with a projected 6.44% pro forma cap rate and 100% occupancy as of May 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.
Courtesy: NAI SunVista Commercial RE
505-504-8883
2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.82% acquisition cap rate and a projected 6.08% pro forma cap rate. Current rents remain approximately 8.5% below market, providing additional upside potential for future ownership. The property features washer/dryer hookups in every unit and benefits from a recently replaced roof in 2022, helping reduce near-term capital expenses. Located in Albuquerque's established Northeast Heights rental market, the property offers stable tenant demand and long-term investment appeal. Seller will consider seller finance!
Courtesy: EXP Realty, LLC
505-340-5893
Rare South Valley investment opportunity on approximately half an acre with flexible income-producing potential. Property features 4 heated/cooled units, including a 5 bed/2 bath main home, a 2 bed/1 bath secondary home, and 2 additional detached units potential STR/offices/storage/etc. Ideal for investors, multigenerational living, rental income, assisted living potential, or creative workspace opportunities. Recent upgrades include HVAC, mini splits, electrical, plumbing, and new additions. Property is currently vacant, allowing immediate flexibility for the next owner. Ample room for RV parking, equipment, vehicles, or future expansion.
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.
