Albuquerque Real Estate | Albuquerque Multi-Family Homes for Sale

Live in one unit and let the other three help pay your mortgage! This Albuquerque fourplex offers practical features that stand out to renters. Combination refrigerated-air and furnace systems installed approximately five years ago make seasonal changeovers simple, while in-unit washers and dryers add everyday convenience and rental appeal.Qualified owner-occupant buyers can explore FHA financing with as little as 3.5% down and use eligible rental income from the other three units to help qualify for the loan. HUD's FY2027 Albuquerque two-bedroom Fair Market Rent of $1,384 per month provides a benchmark for evaluating rental potential. This figure includes utilities; actual rents and voucher approvals vary.An opportunity to grow your rental portfolio or combine homeownership with rental income. Financing is subject to lender approval, property eligibility, and FHA's fourplex self-sufficiency requirements.

3509 Tulane Drive NE, Albuquerque

Listing courtesy of Juan Diego Chavez from New Mexico Realty Advisors

$379,665

4 Beds ⋅ 4 Baths ⋅ 1112836 MLS

Turnkey 4-plex with major upgrades and strong income potential. Property consists of three remodeled 1BR/1BA units and one larger 2BR/1BA unit. Renovated units feature new kitchen cabinets and countertops, updated bath surrounds and vanities, new water heaters, wall heater units, and many new windows. Refinished hardwood floors, fresh paint, and updated lighting throughout. Current rents in place with opportunity for additional income growth. The 2BR unit is not yet updated and offers future upside potential. Ideal for investors seeking a low-maintenance property with a blend of stability and value-add opportunity.

805 Ortiz Drive SE, Albuquerque

Listing courtesy of Casa ABQ from LPT Realty

$400,000

4 Beds ⋅ 2 Baths ⋅ 1112744 MLS

Great opportunity to own a charming single-story duplex in Albuquerque's sought out University area! Each unit offers 2 bedrooms, 1 bathroom, beautiful hardwood floors, its own covered entrance, and a separate fenced yard. The property features separately metered gas and electricity, a detached 2-car garage, and generous off-street parking. One unit also features a kitchen with abundant cabinetry, tile backsplash, and a gas range. Conveniently located just minutes from UNM, CNM, University Stadium, The Pit, the UNM baseball stadium, restaurants, shopping, and more! Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this property offers a great opportunity in a convenient central Albuquerque location!

2121 Eton Avenue SE, Albuquerque

Listing courtesy of Jan L. DeMay from Coldwell Banker Legacy

$300,000

4 Beds ⋅ 3 Baths ⋅ 1112734 MLS

Nice income producing triplex with owner financing available through assumable contract with low interest rate and payment. All units currently vacant, so you can choose your own tenants from the start. All units remodeled in 2023. Gas and electricity are separately metered. New sewer line was installed this summer at a cost of over $50K. Unit C is incomplete due to sewer line replacement. Being sold as is. Bonus 2nd lot already owned free and clear and conveys with purchase.

216 57th Street NW, Albuquerque

Listing courtesy of J&S Real Estate from Keller Williams Realty

$370,000

8 Beds ⋅ 4 Baths ⋅ 1112705 MLS

Great investment opportunity just 10 minutes from UNM and Nob Hill! This property features 2-bedroom, 1-bathroom units, individually metered for gas and electricity. Vacant units need some TLC, offering value-add potential to improve rental income and property value. Shares a courtyard with 538 Ortiz (MLS# 1112703 ), creating an excellent opportunity for a combined investment. Seller prefers to sell both properties together. Owner financing may be available. Please do not disturb tenants. Contact the listing agent for showing access.

540 Ortiz Drive SE, Albuquerque

Listing courtesy of Truc M Do from MORE Realty, Inc

$370,000

8 Beds ⋅ 4 Baths ⋅ 1112703 MLS

Great investment opportunity just 10 minutes from UNM and Nob Hill! This property features 2-bedroom, 1-bathroom units, individually metered for gas and electricity. Vacant units need some TLC, offering value-add potential to improve rental income and property value. Shares a courtyard with 540 Ortiz (MLS# 1112705 ), creating an excellent opportunity for a combined investment. Seller prefers to sell both properties together. Owner financing may be available. Please do not disturb tenants. Contact the listing agent for showing access.

538 Ortiz Drive SE, Albuquerque

Listing courtesy of Truc M Do from MORE Realty, Inc

$611,262

5 Beds ⋅ 4 Baths ⋅ 1112694 MLS

Imagine owning a property just one block--approximately 200 steps--from the University of New Mexico campus. At the northeast corner of Princeton and Silver, 124 Princeton SE is also near CNM, Nob Hill, restaurants, cafes, microbreweries and local retail. The location offers residents a walkable connection to the University-area lifestyle.Built in 1945 and renovated from top to bottom in 2019, this distinctive fourplex combines vintage character with modern conveniences. It features a generous two- to three-bedroom main house and three one-bedroom apartments, with thermal windows, mini-split HVAC, updated fixtures, custom tile and preserved original finishes. Residents enjoy private patios and landscaped walkways, plus off-street parking with a garage and two carports. The main house has its own washer/dryer; the other three units share a laundry room. All units are separately metered for gas and electricity.

124 Princeton Drive SE, Albuquerque

Listing courtesy of Kyle E Deacon from Deacon Property Services

$418,000

2 Beds ⋅ 1 Baths ⋅ 1112676 MLS

**INVESTMENT OPPORTUNITY** Discover the potential of this fully leased fourplex at 312 Western Skies Dr SE in Albuquerque! Conveniently located with access to I-40, shopping, dining, and everyday amenities, this income producing property offers investors an opportunity to expand their portfolio with established rental income from day one. Currently generating $3,345 in monthly base rent, or $40,140 annually. All four units are currently leased, with lease expirations extending into 2027. Updates include the roof replacement less than two years ago and the swamp coolers were replaced within the last five years! Whether you're expanding an existing portfolio or entering the multifamily market, this property offers immediate income and future growth potential. Don't miss this opportunity to invest in Albuquerque real estate! Buyer to verify all financial information, rental projections, and property details.

312 Western Skies Drive SE, Albuquerque

Listing courtesy of Sarah M Hill from Coldwell Banker Legacy

324/326 Charleston Street NE, Albuquerque

$225,000

4 Beds ⋅ 2 Baths ⋅ 1112683 MLS

Duplex investment opportunity. Consistently rented out. Well maintained and taken care of. Updated flooring and appliances. Ready for new owners to take over. Both units feature hardwood floors, country kitchens, & separate backyards.

324/326 Charleston Street NE, Albuquerque

Listing courtesy of Lindsey Thomas from Coldwell Banker Legacy

$535,000

3 Beds ⋅ 2 Baths ⋅ 1112367 MLS

Close to the new LOBO CROSSING, UNM Stadium/ new Chic fil A and additional commercial growth like Target. Great rental with huge potential for value add. Currently, there are two units: the first is a 2 bed/1 bath house with hardwood floors, a new bathroom, a new kitchen, and a utility room with washer and dryer. It also has a new heater, new swamp cooler, and a newer roof. The back unit is about 85% complete and will be finished after contract, additional rents of upto 1100 month, features 1 bed/1 bath with its own washer and dryerMini splits and a metal roof. The property could be converted to have more units by building out the lower 3-car garage and storage area. Or across the back section. This could be the perfect opportunity to boost your cash flow. All photos are from before remodel.

1928 Sunshine Terrace SE, Albuquerque

Listing courtesy of Chris J Cantrell from MORE Realty, Inc

$235,000

2 Beds ⋅ 2 Baths ⋅ 1112398 MLS

1200 W Wilmoore Drive SE, Albuquerque

Listing courtesy of Brett Paas from Realty One of New Mexico

$1,427,100

6 Beds ⋅ 5 Baths ⋅ 1112319 MLS

Rare value-add on iconic Route 66. This family-style 11-unit compound spans two parcels totaling 1.3993 acres zoned NR-BP, with only 6,845 sf built, leaving real room for storage income or future development. Six buildings hold 2 studios, 5 one-bedrooms, 3 two-bedrooms, and 1 three-bedroom house, plus 3 RV pad sites leased at $650 each for extra monthly income. Studios and one-bedrooms rent below market, giving a new owner instant upside. Every unit has its own mini splits for heating and cooling and vinyl plank flooring. Units 1-6 have no washer, dryer, or hookups, units 7-11 have washer/dryer hookups. Minimum one-year leases, some month to month, off-street parking throughout. Walk to El Mezquite Marketplace, Starbucks, and McDonald's. Priced for an investor ready to capture the upside on Albuquerque's most famous corridor.

9607 Central Avenue NW, Albuquerque

Listing courtesy of Anita Maestas from Maestas Real Estate Services

$459,000

8 Beds ⋅ 4 Baths ⋅ 1111938 MLS

**Calling all investors! ** This 4-plex is a great opportunity to add to your portfolio. The property is **fully rented** and features four - 635 square foot 2-bedroom 1 bath units. Large, beautiful tile throughout and updated tiled bathrooms plus newer TPO Roof. Convenient location with easy freeway access and shopping. A great opportunity for a first-time investor or an experienced investor looking to expand their portfolio. Please do not disturb tenants.

229 Hanosh Court SE Unit 4, Albuquerque

Listing courtesy of Christie L Humphrey from Double Eagle Real Estate

$790,000

1111828 MLS

Check out this inviting home in Albuquerque! Featuring 6 well-appointed bedrooms and 5.5 baths, this property is a perfect retreat. The private pool and charming water feature complement the spacious outdoor living area, making it ideal for relaxation or summer barbecues. The 2-car garage, complete with workshop space, which could be easily converted to a 4 car garage, the workshop caters to all your hobbies. The gameroom, which has its own half bath, promises endless fun. Currently serving as a vacation rental and sold fully furnished, this home is a fantastic turnkey opportunity for anyone looking to invest or create a personal getaway. All furniture and personal property come with the home. Home is currently being operated as an AirBnB/VRBO. Single family home.

14018 Arcadia Road NE, Albuquerque

Listing courtesy of Jonathan E Hamilton from Coldwell Banker Legacy

$850,000

4 Beds ⋅ 8 Baths ⋅ 1111607 MLS

8-unit multifamily investment opportunity in one of Albuquerque's most consistently in-demand rental submarkets. Very close proximity to the University of New Mexico, CNM, and hospitals. Two separate 4-unit buildings on one lot, offering flexibility for phased renovation. Unit mix: two large 1BR/1BA, one 2BR/1BA, and five oversized studios. Ample off street parking, a rarity in this submarket. Proximity to UNM keeps occupancy resilient.

414 Pine Street SE, Albuquerque

Listing courtesy of Faithe Real Estate Group from Keller Williams Realty

$1,250,000

6 Beds ⋅ 3 Baths ⋅ 1111572 MLS

Appropriate for owner/occupant, one unit has an extra family room with fireplace and approx 1200sf.This unique property is actually 2 fourplexes that are attached, but there are 2 lots under it, 2 UPC and 2 legal desc. This makes it possible to finance as 2 fourplex units for favorable terms. But this will only be sold as a single property. Ask questions if you're not sure how it all works. Wonderfully designed and constructed brick and pitched roof building has been well maintained. These are highly desirable apartment homes in a super convenient location. Most units are 925 sq ft with vaulted ceilings make them feel even larger. Private patios and yards. Carport for each unit plus a large storage room per each. Many units are recently refurbished with vinyl planking and tile. Please note that occupied units will only be shown with an accepted offer. Laundry room on site is not in service.

2632 Dakota Street NE, Albuquerque

Listing courtesy of Daniel Grimes from Grimes Properties

$335,000

5 Beds ⋅ 4 Baths ⋅ 1111408 MLS

Solid income opportunity in Albuquerque's South Valley. This well-maintained triplex offers three separate units (515 / 620 / 1,250 sq ft) with private entries and flexible floor plans. Total living area of approximately 2,385 sq ft on a practical lot. Ideal for investors or owner-occupants seeking cash flow and long-term value. *Please do not disturb tenants*

2215 Hooper Road SW, Albuquerque

Listing courtesy of Brandon C Sanchez from The Sanchez Group Realty

$295,000

4 Beds ⋅ 2 Baths ⋅ 1111403 MLS

Investor opportunity in Albuquerque! Welcome to 400 63rd St NW, a well-maintained duplex offering strong cash flow and major system upgrades already completed. Built in 1950, this property features two separate units, each with 2 bedrooms, 1 bathroom, and approximately 980 sq ft of living space.Recent improvements include a newer TPO roof, updated AC units, electrical upgrades, new water heaters, and replaced sewer lines, providing peace of mind for years to come. Both units are currently rented, producing a combined monthly income of $2,300, making this an ideal option for investors seeking a turnkey rental property.Conveniently located in NW Albuquerque, this income-producing duplex offers steady rental demand and long-term potential.

400 63rd Street NW, Albuquerque

Listing courtesy of Evangeline Erika Pena from Coldwell Banker Legacy

$242,000

2 Beds ⋅ 3 Baths ⋅ 1111342 MLS

Great triplex with three long-term leases in place! Shaded courtyard entry with off-street parking. Closed storage at rear of property. New fencing, new stucco, roof tuneup recently completed! Do not disturb tenants, walk through of units with accepted offers. Reach out to listing agent with any questions. YTD, T12, and current rent roll in MLS documents. No wholesalers, no owner financing.

304 Texas Street NE, Albuquerque

Listing courtesy of Sarah M Rich from GDR Property Solutions, LLC

$947,250

5 Beds ⋅ 5 Baths ⋅ 1111323 MLS

On behalf of the Owner, Deacon Property Services and NM Apartment Advisors are excited to bring to market a private compound style apartment community located in the Albuquerque's north valley. Spread across three buildings, these 12 unique units are located across the street from the new 2nd street lenticular park and a few blocks from the Rio Grande River and its Bosque Forest and nature trails.This is a rare opportunity to own a true value-add apartment compound with so much potential in such a unique area. Reap the benefits of significant recent modernization and property improvements, then continue updating the property with your vision on your timeline to maximize upside. A 3/4 acre lot also offers potential for adding additional units and cool common area amenities. Current unit mix features five studios, six 1-bedrooms, and one 2-bedroom apartment. All apartments are unique with some modern updates and cool / classic character touches. Residents love the ample parking, the thermal windows, the soft-gated compound atmosphere, the rural north valley setting, and the proximity to the Rio Grande Bosque and I-25. The property is also conveniently located 1.5 miles south of Paseo Del Norte (Highway 423 - a major east/west thoroughfare in northern Albuquerque), less than a quarter-mile from a public library, and nearby other local retail, stores, restaurants, and breweries.

7524 2nd Street NW, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.

$594,900

6 Beds ⋅ 3 Baths ⋅ 1111272 MLS

Fantastic opportunity on this hard to find updated 4-plex nestled on a cul-de-sac in the desirable NE Heights near Candelaria x Tramway! All four units are 2 bedroom/1 bathroom and Washer & Dryer ready. Over $115K invested in this gem!Outside:- New roof & HVAC (all units) in August 2024,- Fresh Zeroscaped landscaping for little to no maintenance.Inside:- Unit A is completely renovated a new kitchen, bathroom, flooring, texture/paint and lighting: A perfect set-up for an Owner-Occupied or a STR/MTR with rental comps in this exact area at $2000/month.- Unit D was just renovated with a new bathroom, new windows, and more. This unit should fetch a nice rent amount as a LTR or is perfect for an owner-occupant too that chooses to STR/MTR unit A for more income. It's not an exaggeration to live rent-free in unit D and have the other units contribute an estimated $4,200 monthly while your property appreciates!This property is priced to sell fast compared to other nearby 4-plex's given the many upgrades and improvements! This property offers a great ROI with market rents between $1250/unit for LTR ($5K/month) and $2000/unit for STR/MTR ($8K/month).More on seller financing:Owner believes that seller-financing is a great opportunity for both the seller and the buyer and has a strong preference towards any offers that are seller-financed and a stronger preference towards owner-occupied seller financing. Financing terms are negotiable, but starting terms are 7.25% on a 30-year amortization schedule, 5 yr Balloon, with minimum 12% down and 20% preferred!Call today for more details on this incredible deal.

12209 Eric Court NE, Albuquerque

Listing courtesy of Matthew A Darrall from Thrive Real Estate

8700 Northeastern Boulevard NE, Albuquerque

$415,000

6 Beds ⋅ 3 Baths ⋅ 1111186 MLS

Fully rented triplex in the Snow Heights area. Each unit offers approximately 775 square feet with 2 bedrooms and 1 full bath. Kitchens feature hickory cabinets, laminate countertops and white appliances, including an electric range, microwave and refrigerator. Additional amenities include carpet and tile flooring, evaporative cooling, a wall heater, stackable washer and dryer, front courtyard, private walled backyard, exterior storage closet and two parking spaces. Tenants pay electric and gas; owner pays water, sewer, trash and maintenance. Conveniently located near shopping, dining and other amenities.

8700 Northeastern Boulevard NE, Albuquerque

Listing courtesy of The Bader RE Team from Keller Williams Realty

$299,000

6 Beds ⋅ 3 Baths ⋅ 1111017 MLS

Get this well-maintained triplex for your investment portfolio. The triplex is in an opportunity zone and a qualified census tract which offer tax and grant opportunities. The TPO roof is only about 9 years old and the units have new windows as well. Each unit has it's own private back patio and there is additional large space on the west side of the complex for parking. The bathrooms and kitchens are refurbished, and there are ceramic tile floors. The tenants pay their own utilities except water and trash paid by the owner. Rents are low so there is an upside possibility. Do not disturb tenants. Offers are subject to buyer review of the units. All square footage is estimated.

511 Texas Street NE, Albuquerque

Listing courtesy of Gregory A Kopacka from Realty Specialists Group

545 Cardenas Drive SE Unit # 12-A, Albuquerque

$476,500

7 Beds ⋅ 5 Baths ⋅ 1110956 MLS

Here we have a total of -5- Rental Units in multiple Buildings on a single Lot as per the Bernalillo County Tax Bill. Some of the Units will need some work. The various Unit's Square Footage's are different. The entire complex is vacant and is to be SOLD AS-IS. Inquire for more detailed information.

545 Cardenas Drive SE Unit # 12-A, Albuquerque

Listing courtesy of Konrad L Werner from Realty One of New Mexico

$249,000

3 Beds ⋅ 2 Baths ⋅ 1110864 MLS

This duplex offers a 1BR unit and 2BR unit, both are 1BA. 2 detached garages in the rear are occupied by the tenants. 618 unit has new vinyl thermal windows, new vinyl and rebuilt bath plus new appliances. 620 unit has older thermal windows. Both units have had hardwood floors refinished in recent years. TPO roof is roughly 8 years old on both buildings. Both units are occupied. New electrical service in 2021.

620 San Pedro Drive SE, Albuquerque

Listing courtesy of Daniel Grimes from Grimes Properties

401 & 405 Indiana Street SE, Albuquerque

$800,000

6 Beds ⋅ 3 Baths ⋅ 1110588 MLS

Prime investment opportunity featuring two side-by-side fourplexes (8 total units)). Each 800 sq ft, 2-bed, 1-bath residence features an efficient floor plan with bright living space, full kitchen, and dedicated in-unit laundry hookups. This high-demand amenity eliminates shared laundry logistics, drives tenant retention, and supports premium rents.

401 & 405 Indiana Street SE, Albuquerque

Listing courtesy of Charles V Sheldon from T & C Management, LLC

$414,730

3 Beds ⋅ 3 Baths ⋅ 1110575 MLS

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are pleased to present this charming downtown triplex. This property is located in Downtown Albuquerque, within walking distance to breweries, specialty coffee shops, restaurants, grocery stores, major bus routes, and the city's primary courthouses.Tucked behind a classic white picket fence, this unique triplex offers charm and character in a prime location just minutes from the energy of Downtown and Old Town Albuquerque.The main house is vacant and ready for an owner occupant - it contains a spacious one bedroom/ one bathroom unit with gleaming hardwood floors. Unit B is also a one bedroom with a large laundry room and Unit C has it's own yard space. Each unit includes washer/dryers.Disclosure: co-listing broker, Todd Clarke, has an ownership interest in the property. The same owner owns the property directly adjacent to the north--907 7th NW and intends to bring it to market Q4-2026 at $482,130.Savvy investors are using recent changes to the Federal Tax code to drive their effective tax rate close to 0%. Interested? Call Todd for more information or email for a PowerPoint/video case study.

901 7th Street NW, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.

$420,000

5 Beds ⋅ 3 Baths ⋅ 1110555 MLS

4-unit multifamily investment located in a rapidly improving corridor of Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a strong cap rate, attractive cash-on-cash returns, and durable demand from long-term workforce tenants. The surrounding area has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use development nearby. These improvements support long-term appreciation while maintaining strong rental demand. Current tenants are stable, long-term residents, providing a solid foundation for consistent income.632 Alcazar is also listed for sale and can be bought together.

630 Alcazar Street SE, Albuquerque

Listing courtesy of Tyler M Pete from EXP Realty LLC

$420,000

2 Beds ⋅ 2 Baths ⋅ 1110540 MLS

Excellent investment opportunity! This well-maintained 4-plex at 521 Kentucky St SE generates $3,500 /month in gross rental income. Unit mix includes four 1 bed/1 bath units. Features include off-street parking, private enclosed courtyards. A turnkey addition to any investment portfolio with strong cash flow. 525 Kentucky St SE is also for sale and can be bought together.

521 Kentucky Street SE, Albuquerque

Listing courtesy of Tyler M Pete from EXP Realty LLC

$420,000

4 Beds ⋅ 4 Baths ⋅ 1110539 MLS

Excellent investment opportunity! This well-maintained 4-plex at 525 Kentucky St SE generates $2,300 /month in gross rental income. Unit mix includes four 1 bed/1 bath units. Features include off-street parking, private enclosed courtyards. A turnkey addition to any investment portfolio with strong cash flow.521 Kentucky St SE is also for sale and can be bought together.

525 Kentucky Street SE, Albuquerque

Listing courtesy of Tyler M Pete from EXP Realty LLC

$370,000

2 Beds ⋅ 3 Baths ⋅ 1110516 MLS

Income-producing triplex at 816 6th Street offering a 2-bedroom main house, 1-bedroom apartment, and studio. The main home features wood floors, a laundry room, refrigerated air, central forced-air heat, attic access, and separate gas and electric meters. The apartment offers hardwood floors, a functioning wall furnace, swamp cooler, window A/C, and its own water heater. The studio includes a functioning furnace and window A/C and shares gas and electric service with the apartment. Water is shared by all three units. Recent improvements include new roof overlay on the main house in May 2024, and exterior paint completed in March 2025. Backyard access and an exterior cleanout add convenience. A versatile residential income opportunity with multiple living spaces!

816 6th Street NW, Albuquerque

Listing courtesy of Faithe Real Estate Group from Keller Williams Realty

$580,000

4 Beds ⋅ 4 Baths ⋅ 1110515 MLS

This unique 3-Unit Property offers a perfect blend of character and reliable income potential. Located on a spacious double lot. This property is fully rented and has been consistently occupied, making it an ideal addition to any real estate portfolio. The property is comprised of three distinct units. A and B are part of the main dwelling and C is a casita. Each unit has been thoughtfully maintained, featuring classic touches like refinished hardwood floors in Units A and B and beautiful tile in Unit C. With a roof replaced just 6-7 years ago and the sewer line updated 3 years ago, this property offers peace of mind for the savvy investor.Tenants enjoy separately metered utilities and plenty of on-site parking. Due to the occupied nature of these units, showings are available only with an accepted offer. Don't miss this chance to own a well-established property in a great location!

306 Carlisle Boulevard SE, Albuquerque

Listing courtesy of Laurel Miriam Leisher from ERA Summit

$420,000

8 Beds ⋅ 4 Baths ⋅ 1110497 MLS

Excellent investment opportunity! This well-maintained 4-plex at 536 Palomas Dr SE generates $3,214 /month in gross rental income. Unit mix includes four 2 bed/1 bath units. Features include off-street parking, private enclosed courtyards, newer windows, and newer stucco. A turnkey addition to any investment portfolio with strong cash flow.

532 Palomas Drive SE, Albuquerque

Listing courtesy of Tyler M Pete from EXP Realty LLC

$420,000

3 Beds ⋅ 2 Baths ⋅ 1110499 MLS

4-unit multifamily investment located in a rapidly improving corridor of Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a strong cap rate, attractive cash-on-cash returns, and durable demand from long-term workforce tenants. The surrounding area has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use development nearby. These improvements support long-term appreciation while maintaining strong rental demand. Current tenants are stable, long-term residents, providing a solid foundation for consistent income.630 Alcazar St SE is also for sale and can be bought together.

632 Alcazar Street SE, Albuquerque

Listing courtesy of Tyler M Pete from EXP Realty LLC

$315,000

4 Beds ⋅ 2 Baths ⋅ 1110496 MLS

Excellent investment opportunity! This well-maintained 3-plex at 411 Virginia St NE generates $3,450/month in gross rental income. Unit mix includes three 2 bed/1 bath units. A turnkey addition to any investment portfolio with strong cash flow.415 Virginia St NE is also for sale and both properties can be bought together.

411 Virginia Street NE, Albuquerque

Listing courtesy of Tyler M Pete from EXP Realty LLC

$315,000

6 Beds ⋅ 3 Baths ⋅ 1110495 MLS

Excellent investment opportunity! This well-maintained 3-plex at 415 Virginia St NE generates $3,100/month in gross rental income. Unit mix includes three 2 bed/1 bath units. A turnkey addition to any investment portfolio with strong cash flow.411 Virginia St NE is also for sale and both properties can be bought together.

415 Virginia Street SE, Albuquerque

Listing courtesy of Tyler M Pete from EXP Realty LLC

$325,000

4 Beds ⋅ 2 Baths ⋅ 1110310 MLS

Investment opportunity!! this Duplex is rent ready! each unit features 2 bedrooms and 1 full bath, a private patio, private washer/dryer, New paint, carpet. windows updated. Each unit also comes with its own storage room. Unit A was just completely renovated and features new kitchen and bath, quartz countertops. and tile flooring. Each unit rents for roughly $1400/ month. ready to rent! just find tenants and start generating income!

2612 Eubank Boulevard NE, Albuquerque

Listing courtesy of Colin David Miller from Pasquale Realty

$665,000

5 Beds ⋅ 4 Baths ⋅ 1110084 MLS

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

Listing courtesy of Steven A Grant from Keller Williams Realty

$760,000

8 Beds ⋅ 5 Baths ⋅ 1110082 MLS

4Plex!! A super rare opportunity in the heart of Albuquerque's Near Heights, desirable neighborhood, a fully renovated fourplex that's nothing short of spectacular!At its core is the main home in every sense: 3 bedrooms, 2 baths and more than 1,200 square feet of beautifully finished space, opening to a courtyard shaded by a mature tree, wrapped in warm cedar fencing for those Duke City evenings. Three additional units join it on the same property, each unit fully renovated top to bottom. Nothing here was left half-finished, no deferred maintenance, no projects waiting, nothing to do, truly a turn the key setup.Two of the units are fully furnished and have been operated successfully as short-term rentals (AirBnB), giving this property a flexibility others do not have. Either continue that concept of STR or change to MTR (mid-term) concept. The travel nurse market is abundant, especially with University of NM Hospital just down the street. Or simply convert the entire property into traditional long-term leases. Here's an idea, live in one of the units and let the other three units help carry the mortgage, or lastly lease all four and let it work entirely on its own! Either way you are minutes from Nob Hill's restaurants and shops, Uptown's retail and offices, and immediate access to I-40, an established tree-lined pocket of the city that puts the whole metro within a short drive and keeps the hospitals, the university and the national labs close at hand. A great opportunity for a 1031 Exchange, a turn-key Income-producing property from the start and genuinely 'move-in' ready. A true home, income handshake and a location like this rarely arrive in one package! See attached PDF Offer Memorandum for many more specific details.

622 Jefferson Street NE, Albuquerque

Listing courtesy of Steven A Grant from Keller Williams Realty

$510,000

4 Beds ⋅ 4 Baths ⋅ 1110079 MLS

INVESTMENT OPPORTUNITY NEAR UNM! This well-positioned fourplex offers an excellent opportunity for investors or owner-occupants seeking income potential in the highly desirable University area. The property features updated units, convenient off-street parking, and a prime location near UNM, CNM, Nob Hill, shopping, dining, and major transportation routes. Updates throughout help provide modern appeal while the four-unit configuration offers multiple income streams. A great opportunity to own a well-located multifamily property in a high-demand rental area. DO NOT DISTURB TENANTS.

205 Stanford Drive SE, Albuquerque

Listing courtesy of John Lucero from Realty One of New Mexico, LLC

$329,900

6 Beds ⋅ 3 Baths ⋅ 1110077 MLS

Welcome home to 428 Rhode Island St. NE, a thoughtfully remodeled triplex in the heart of Albuquerque. These spacious 2-bedroom, 1-bathroom apartments deliver the ideal balance of modern style and everyday functionality. Enjoy sleek tile flooring throughout the main living areas, plush carpeted bedrooms for ultimate comfort, and sturdy security screens on all doors and windows for total peace of mind. Complete with dedicated on-site parking, this property makes effortless living standard.

428 Rhode Island Street NE, Albuquerque

Listing courtesy of Charles V Sheldon from T & C Management, LLC

510 Mesilla Street SE Unit 1-4, Albuquerque

$430,000

2 Beds ⋅ 1 Baths ⋅ 1109913 MLS

Great opportunity for an investor looking to add a four-unit property to their portfolio. This multifamily property features four 2-bedroom, 1-bath units, each offering a practical floor plan and its own private patio.Each unit has one designated parking space, while the property also offers the convenience of private outdoor space for residents. Heating is provided by wall-unit heaters, with swamp coolers located on the roof for cooling. The property does not currently offer on-site laundry.The roof has been recently serviced, although its exact age is unknown. The units have not had recent updates, providing an investor with the opportunity to improve and modernize the property while potentially increasing rents and long-term value.A solid opportunity for an investor seeking a multifamily property with four separate income-producing units and potential upside through future improvements.Pet deposit:$250 pet fee non-refundable$30 pet monthly pet rentRent amounts:-Unit A&D $960-Unit B $979 & starting 9/1 $1009-Unit C $979 plus pet rent $25Late fee:5% of rentRoofing proposal (work is completed, proposal attached):$6,075

510 Mesilla Street SE Unit 1-4, Albuquerque

Listing courtesy of Tyler Matthew Swinson from Realty One of New Mexico

$750,000

6 Beds ⋅ 4 Baths ⋅ 1109662 MLS

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

Listing courtesy of Christopher M Lucas from Chris Lucas Real Estate

$331,592

1 Beds ⋅ 1 Baths ⋅ 1109654 MLS

This well-maintained, charming courtyard-style triplex offers a unique combination of residential character, walkability and investment upside. Mature landscaping, brick walkways and an inviting shared colonnade courtyard give the property a warm residential feel, while off-street parking and private patio space add convenience and privacy.Solatube tubular skylights bring abundant natural light into the residences, creating bright and welcoming interiors. The property also offers dedicated buried tool and storage areas, providing additional secure storage for owner use.The owner has made a number of recent improvements, including a new roof in 2022, new driveways and sidewalks in 2024, and interior renovations.Apartment 533 #6 has been fully renovated and includes a dedicated laundry room with a built-in clothing rack. Additional units offer varying laundry amenities, including washer and washer/dryer hookups.From an investment perspective, there is meaningful room for continued income growth. Current rents average approximately $825, compared with projected market rents of approximately $975, providing an opportunity to increase revenue as rents move toward market.With a start price of $331,592, the property currently offers an 11.16 GRM and 6.11% cap rate, with additional upside as rents are brought closer to market.The owner also owns the adjoining property at 537 Valencia SE, creating an opportunity for a buyer interested in expanding their investment beyond this triplex.Residents are within walking distance of parks, restaurants and retail while enjoying the character and privacy of an established neighborhood.This is the type of property that feels more like housing than apartments--a quality many residents value and one that helps distinguish it from more traditional multifamily properties.Don't miss this opportunity to acquire a distinctive Albuquerque triplex with existing income, recent capital improvements and a clear path for future rent growth.

533 Valencia Drive SE, Albuquerque

Listing courtesy of Anita Maestas from Maestas Real Estate Services

217 General Stilwell Street NE, Albuquerque

$425,155

7 Beds ⋅ 4 Baths ⋅ 1109537 MLS

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, providing convenient access to thousands of jobs in defense, technology, engineering and research. The area also benefits from proximity to Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurantsand public transportation. Albuquerque continues to experience significant public and private investment, with expansion from Netflix, Meta, Intel, Amazon and other major employers strengthening the metro's economy and supporting continued housing demand. Priced below the market average for comparable fourplex sales, 217 General Stilwell offers investors an attractive basis, strongemployment fundamentals and long-term potential for appreciation and rent growth. Don't miss this opportunity to acquire a well-positioned multifamily investment in one of Albuquerque's established rental corridors. With a start price of $425,155 and an average rent of $918 the metrics of investment performance are a GRM 9.65, 7.28% caprate, IRR after tax 14.5%. This is the type of property that feels more like housing than apartments -- a feature many residents value.

217 General Stilwell Street NE, Albuquerque

Listing courtesy of Anita Maestas from Maestas Real Estate Services

$299,500

3 Beds ⋅ 3 Baths ⋅ 1109483 MLS

Owner financing offered. 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!

427 Odelia Road NE, Albuquerque

Listing courtesy of Chris J Cantrell from MORE Realty, Inc

$999,565

6 Beds ⋅ 3 Baths ⋅ 1109470 MLS

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market this opportunity to purchase this 10-plex with two bedroom, one bathroom units. The property includes two fourplexes and one duplex.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.This 10-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Face-book, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.

1104 Palomas Drive SE, Albuquerque

Listing courtesy of Kyle E Deacon from Deacon Property Services

$255,000

2 Beds ⋅ 1 Baths ⋅ 1109419 MLS

Major fixer-upper opportunity. The property is in poor condition and cited as substandard with the city not safe to enter. The property will require extensive repairs and updates throughout, including but not limited to roof, plumbing, flooring, paint, and water damage remediation. Not move-in ready. Property is being sold as-is, with no repairs by seller.

336 Rhode Island Street NE, Albuquerque

Listing courtesy of Melinda M Baisa from Berkshire Hathaway NM Prop

$695,000

9 Beds ⋅ 5 Baths ⋅ 1109351 MLS

Huge Price Improvement!!! Mid-century Nob Hill investment opportunity offering immediate income and long-term upside. This five-unit property consists of four two bedroom units and one one-bedroom unit, all fully renovated with modern kitchens, updated bathrooms, new plumbing, flooring, and washer/dryer hookups no deferred maintenance required. Three units are currently leased and generating cash flow, providing in-place income. Located in a prime Nob Hill neighborhood with strong rental demand, the property presents an attractive opportunity for investors seeking stable returns, rent growth potential, and long-term appreciation.

301 Graceland Drive SE, Albuquerque

Listing courtesy of Julie Turner from Realty One Group Concierge

$275,000

1 Beds ⋅ 1 Baths ⋅ 1109233 MLS

Both units are tenant occupied. Property tours will be held for pre-qualified buyers only on August 22nd and August 29th from 1-3 pm. Located just minutes from Downtown Albuquerque and Old Town, the property is within walking distance of Rio Grande Pool, Rio Grande Park, the ABQ BioPark Zoo and nearby neighborhood amenities. It also offers convenient bicycle access to Downtown, Old Town Plaza and the extensive trail system along the Bosque and Rio Grande.Offered at $275,000, or $137,500 per unit, the property provides an attractive entry point into Albuquerque's multifamily investment market. Current underwriting reflects a 6.19% cap rate, with projected rent growth providing additional upside.The property features two one bedroom/one bathroom units. The extra lot contains 0.1618 acres with alley access and space for additionalbuilding(s).Do not wait, apartments continue to show strong appreciation coupledwith high rent growth potential from all of the new Amazon, Facebook,Intel, and Netflix jobs entering the market.

1303-1305 Iron Avenue SW, Albuquerque

Listing courtesy of Anita Maestas from Maestas Real Estate Services

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