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$665,000
5 Beds ⋅ 4 Baths
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.

9238 4th Street NW, Albuquerque
$750,000
6 Beds ⋅ 4 Baths
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.

2109 Gold Avenue SE, Albuquerque
$389,160
8 Beds ⋅ 4 Baths
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.

512 Mesilla Street SE, Albuquerque
$349,900
6 Beds ⋅ 4 Baths
Excellent investment opportunity! This well-maintained 4-plex offers a desirable unit mix with two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing broad rental appeal. Major updates include a TPO roof with transferable warranty, newer fencing, and refreshed stucco surfaces for added curb appeal and peace of mind. Inside, all units feature easy-care flooring with no carpet and all-electric systems for simplified maintenance and repairs. Each unit includes a stove and refrigerator, with select units offering washer hookups for added tenant convenience. A fantastic opportunity to expand your portfolio with a property designed for long-term value and low-maintenance ownership.

211 Texas Street NE, Albuquerque
$535,000
1 Beds ⋅ 1 Baths
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
$850,000
7 Beds ⋅ 6 Baths
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
$349,900
7 Beds ⋅ 4 Baths
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
$260,000
5 Beds ⋅ 4 Baths
Investment package: 3 updated condos in the 3-story, 42-unit gated Moana Condo Complex in SE Albuquerque near Kirtland AFB & Sandia Labs. Includes one 2BR/2BA, one 2BR/1BA, and one1BR/1BA unit. Secured parking in gated lot for condo units. Condo dues vary by size and cover exterior maintenance, exterior utilities (gas, water, sewer, trash), and exterior insurance; owner pays interior electric and taxes. Complex includes a pool. Fully leased; all units on leases with deposits in place. Package sale only. Offers contingent on buyer's visual inspection within 72 hours of offer acceptance; proof of funds required on all offers. No sign or lockbox at property.

1100 Alvarado Drive SE, Albuquerque
$398,500
3 Beds ⋅ 2 Baths
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
$500,000
6 Beds ⋅ 5 Baths
High-yield investment opportunity with an 12% cap rate and owner financing available. This income-producing property offers multiple revenue streams on one parcel, including an updated duplex, an owned mobile home, and four additional mobile home pads with expansion potential. Duplex features a 1BR/1.5BA unit with walk-in closet and two fireplaces, plus a 3BR/2BA unit. Ideal for investors seeking immediate cash flow with future upside. Call for details.

110-114 Indiana Street SE Unit 1-7, Albuquerque

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.