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Multi-Famly and Single-Family Investment 4 Properties Offered at $2,655,000 in Albuquerque, NM
Executive Summary
Albuquerque Income Property Portfolio – 4 Properties | 15 Units Total
Presenting a rare opportunity to acquire a stabilized, income-generating 15-unit residential portfolio located in central Albuquerque. This offering includes two multifamily assets (a 4-unit and 9-unit complex) and two single-family rental homes, all located within close proximity in established Southeast Heights neighborhoods. With a total projected portfolio NOI of $185,372, this portfolio offers immediate cash flow with long-term upside through value-add improvements, rent growth, and tax efficiency.
The properties include:
• 134 Rhode Island St SE: A 4-unit apartment building with all 2BR/1BA units and a projected NOI of $36.122.
• 1030 & 1040 Truman St SE: A 9-unit asset with a mix of 1BR and 2BR units, private garages, and gated courtyards. Projected gross income: $139,200. Pro forma NOI: $99.333.
• 6512 Anderson Ave SE: A 4BR/3BA single-family home rented at $2,370/month with an NOI of $20,048.
• 421 Virginia St NE: A 4BR home featuring a fully-owned solar system, leased at $2,800/month. NOI: $26.151.
Tenants across all properties pay for their own utilities, minimizing operating overhead. All multifamily units come with landlord-provided washers and dryers, and the single-family homes are outfitted with private yards, garages, and upgraded finishes that attract long-term renters.
This portfolio is ideal for investors seeking scale in one of New Mexico’s most stable and affordable housing markets. With zoning flexibility (MX-L and residential multifamily), excellent in-place income, and seller financing available via Real Estate Contract (REC)
Presenting a rare opportunity to acquire a stabilized, income-generating 15-unit residential portfolio located in central Albuquerque. This offering includes two multifamily assets (a 4-unit and 9-unit complex) and two single-family rental homes, all located within close proximity in established Southeast Heights neighborhoods. With a total projected portfolio NOI of $185,372, this portfolio offers immediate cash flow with long-term upside through value-add improvements, rent growth, and tax efficiency.
The properties include:
• 134 Rhode Island St SE: A 4-unit apartment building with all 2BR/1BA units and a projected NOI of $36.122.
• 1030 & 1040 Truman St SE: A 9-unit asset with a mix of 1BR and 2BR units, private garages, and gated courtyards. Projected gross income: $139,200. Pro forma NOI: $99.333.
• 6512 Anderson Ave SE: A 4BR/3BA single-family home rented at $2,370/month with an NOI of $20,048.
• 421 Virginia St NE: A 4BR home featuring a fully-owned solar system, leased at $2,800/month. NOI: $26.151.
Tenants across all properties pay for their own utilities, minimizing operating overhead. All multifamily units come with landlord-provided washers and dryers, and the single-family homes are outfitted with private yards, garages, and upgraded finishes that attract long-term renters.
This portfolio is ideal for investors seeking scale in one of New Mexico’s most stable and affordable housing markets. With zoning flexibility (MX-L and residential multifamily), excellent in-place income, and seller financing available via Real Estate Contract (REC)
Property Facts
| Price | $2,655,000 | Number of Properties | 4 |
| Price / SF | $140.72 / SF | Individually For Sale | 4 |
| Cap Rate | 6.98% | Total Building Size | 18,867 SF |
| Sale Type | Investment | Total Land Area | 1.04 AC |
| Status | Active |
| Price | $2,655,000 |
| Price / SF | $140.72 / SF |
| Cap Rate | 6.98% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 4 |
| Total Building Size | 18,867 SF |
| Total Land Area | 1.04 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1030-1040 Truman St SE, Albuquerque, NM 87108 | Multifamily | 12,188 SF | 1968 | $1,500,000 |
| 134 Rhode Island St SE, Albuquerque, NM 87108 | Multifamily | 3,126 SF | 1980 | $450,000 |
| 6512 Anderson Ave SE, Albuquerque, NM 87108 | Specialty | 2,011 SF | 1953 | $375,000 |
| 421 Virginia St NE, Albuquerque, NM 87108 | Specialty | 1,542 SF | 1971 | $330,000 |
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Multi-Famly and Single-Family Investment
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