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43-Unit Multifamily Investment 1 Multifamily Properties Offered at $3,400,000 in Albuquerque, NM
Executive Summary
Value-add through strong rental upside
Pro forma cap rate: 6.42%
Pro forma GRM: 8.5
100% occupied as of March 2026
In-place rents estimated 14% below market-rate
Recent interior renovations completed on majority of units
Located in established Southeast Albuquerque rental corridor
Proximity to major employment centers, Kirtland AFB and I-25 access
Seller financing option available
Pro forma cap rate: 6.42%
Pro forma GRM: 8.5
100% occupied as of March 2026
In-place rents estimated 14% below market-rate
Recent interior renovations completed on majority of units
Located in established Southeast Albuquerque rental corridor
Proximity to major employment centers, Kirtland AFB and I-25 access
Seller financing option available
Property Facts
| Price | $3,400,000 | Number of Properties | 2 |
| Price / SF | $110.30 / SF | Individually For Sale | 0 |
| Cap Rate | 6.42% | Total Building Size | 30,824 SF |
| Sale Type | Investment | Total Land Area | 0.85 AC |
| Status | Active |
| Price | $3,400,000 |
| Price / SF | $110.30 / SF |
| Cap Rate | 6.42% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 30,824 SF |
| Total Land Area | 0.85 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Sunrise South Apartments
1024 Alvarado Dr SE, Albuquerque, NM 87108 |
Multifamily | 30,824 SF | 1955 | - |
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