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2104 Lead Ave SE - South UNM 8 2104 Lead Ave SE 8 Unit Apartment Building $619,887 ($77,486/Unit) 6.25% Cap Rate Albuquerque, NM 87106
Investment Highlights
- Recent Updates include: Roofs, HVAC, Exteriors, Thermal windows.
- Just Blocks to the University of New Mexico AND Central NM Community College
- Several apartments have been renovated recently.
Executive Summary
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excit-
ed to bring this quality University area eight-plex to market. Excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic cen-
tral 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 studi-
os 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! Coupled with the impact of the citywide expansion of Netflix, Facebook, Intel, and Amazon, as well as major announcements of new employment, this property is well-positioned to enjoy the forthcoming wave of appreciation and rent growth.
Do not miss out on owning a close to campus gem like 2104 Lead SE.
ed to bring this quality University area eight-plex to market. Excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic cen-
tral 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 studi-
os 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! Coupled with the impact of the citywide expansion of Netflix, Facebook, Intel, and Amazon, as well as major announcements of new employment, this property is well-positioned to enjoy the forthcoming wave of appreciation and rent growth.
Do not miss out on owning a close to campus gem like 2104 Lead SE.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $619,887 | Property Subtype | Apartment |
| Price Per Unit | $77,486 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.25% | Building Size | 2,670 SF |
| Gross Rent Multiplier | 8.61 | No. Stories | 3 |
| No. Units | 8 | Year Built/Renovated | 1936/2026 |
| Property Type | Multifamily | ||
| Zoning | R-T - Residential Development | ||
| Price | $619,887 |
| Price Per Unit | $77,486 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Gross Rent Multiplier | 8.61 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 2,670 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1936/2026 |
| Zoning | R-T - Residential Development |
Amenities
Site Amenities
- 24 Hour Access
- Vintage Building
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $730.00 | 310 |
| 1+1 | 2 | $1,095 | 400 |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1-015-057-477173-4-17-20 | Total Assessment | $45,926 |
| Land Assessment | $14,022 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $31,904 | Tax Year | 2025 |
Property Taxes
Parcel Number
1-015-057-477173-4-17-20
Land Assessment
$14,022
Improvements Assessment
$31,904
Total Assessment
$45,926
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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