Albuquerque Real Estate Search

Albuquerque Multi-Family Properties for Sale

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Newest Albuquerque Multi-Family Homes for Sale

$514,500
2 Beds ⋅ 2 Baths ⋅ 1103321 MLS
Unique opportunity to own a quality, updated UNM 4-plex. Embedded in an area of redevelopment in the Knob Heights Neighborhood on the south side of Ridgecrest - walking distance to Castle Coffee, theSource Community Center, a Community Garden, multiple neighborhood parks, and just minutes to UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25.All 4 apartments have been modernized with care and an eye for resident comfort. Classic, well-preserved vintage finishes have been thoughtfully combined with all the right amenities -like in unit washer / dryers, very private yard spaces, & updated fixtures and finishes.All apartments are 1 bd / 1 ba floor plans at just over 660 SF. Building is nicely updated - Including new Roof in 2025!

1005 Carlisle Boulevard SE, Albuquerque

Listing courtesy of Kyle E Deacon from Deacon Property Services
$479,995
4 Beds ⋅ 3 Baths ⋅ 1103320 MLS
Unique opportunity to own a quality, updated UNM triplex! Embedded in an area of redevelopment in the Knob Heights Neighborhood on the south side of Ridgecrest - walking distance to Castle Coffee, theSource Community Center, a Community Garden, multiple neighborhood parks, and just minutes to UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25.All 3 apartments have been modernized with care and an eye for resident comfort. Classic, well-preserved vintage finishes have been thoughtfully combined with all the right amenities -like in unit washer / dryers, very private yard spaces, updated fixtures and finishes, garages, carport spaces, & bonus storage.

1003 Carlisle Boulevard SE, Albuquerque

Listing courtesy of Kyle E Deacon from Deacon Property Services
$518,800
6 Beds ⋅ 4 Baths ⋅ 1102986 MLS
Marketing Flyer and Lead paint disclosure are in documents. Do not disturb the tenants. Property can be shown with 48hrs notice and proof of funds.

1200 Edith Boulevard SE, Albuquerque

Listing courtesy of Timothy R Luten from Sperry Van Ness/WACB, Inc.
$1,500,000
12 Beds ⋅ 12 Baths ⋅ 1102929 MLS
Exceptional investment opportunity! This modern 6-unit building, just two years old, showcases quality craftsmanship from an experienced builder/owner and delivers an impressive cap rate. Each unit is thoughtfully designed with contemporary finishes and efficient layouts, ensuring both style and durability. Currently operated as successful Airbnb rentals, this property offers strong, proven income potential and immediate cash flow. The building's newer construction minimizes maintenance costs while maximizing long-term value, ideal for investors seeking turnkey performance in a thriving short-term rental market. A rare chance to own a high performing income property built and managed with experience and attention to detail. 5 of 6 units are now cash flowing AirBnB units - See APOD

615 Iron Avenue SW, Albuquerque

Listing courtesy of Thomas Gallegos from Berkshire Hathaway NM Prop
$479,900
6 Beds ⋅ 4 Baths ⋅ 1102912 MLS
Well maintained 4-plex in desirable NE Heights location! All units occupied. (2) 2 bed 1 bath units and (2) 1 bed 1 bath units. Tenants love the grassy and tree covered courtyard area, private parking spots and central location. Individually metered for electric and master meter for gas and water/sewer. Projected 6% CAP rate showing strong income potential and highly rentable area.

11009 Towner Avenue NE, Albuquerque

Listing courtesy of Nathan Louis Boitano from RE/MAX SELECT
$299,900
6 Beds ⋅ 3 Baths ⋅ 1102852 MLS
INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME AND ROOM TO GROW. This well-positioned tri-plex on Tennessee Street features three single-story units, each approx 750 sq ft with 2 bedrooms, 1 bath, and private yard space tenants love. Functional layouts include range and refrigerator, plus dedicated parking for added convenience. Tenant occupied for immediate cash flow, with strong rental appeal and upside potential. Whether expanding your portfolio or starting fresh, this property checks the boxes--don't miss your chance to secure a steady income producer!

325 Tennessee Street NE, Albuquerque

Listing courtesy of Jonathan P Tenorio from Keller Williams Realty
$260,000
5 Beds ⋅ 4 Baths ⋅ 1101833 MLS
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

Listing courtesy of Eric K Beach from Beach Realty
$248,000
4 Beds ⋅ 3 Baths ⋅ 1101400 MLS
Unlock your next (or first!) stream of passive income with this rock-solid residential duplex. Each unit offers a functional 2-bedroom, 1-bathroom layout, complete with private patios. This is more than just a duplex; it's a foundation for long-term equity growth

416 Kentucky Street SE, Albuquerque

Listing courtesy of Beatriz Hernandez from Bright House Real Estate LLC
$612,369
3 Beds ⋅ 3 Baths ⋅ 1101217 MLS
This property is ideally located in Downtown Albuquerque, within walking distance to downtown/old town 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 fourplex offers charm and character in a prime location just minutes from the energy of Downtown and Old Town Albuquerque.The unit mix consists of 4 Units: (1) studio unit, (2) 1BR / 1BA units, and a larger main residence with one 2BR / 1BA unit. Alley and on street parking is available to the residents. The property includes a separate laundry room, high speed internet and camera system. Each unit has stunning hardwood floors and the front units have vaulted ceilings.

715 Fruit Avenue NW, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
$600,000
5 Beds ⋅ 5 Baths ⋅ 1101145 MLS
Five units located near UNM and CNM do not disturb the tenants. Property can be shown with 48hrs notice and proof of funds

1612 Gold Avenue SE, Albuquerque

Listing courtesy of Timothy R Luten from Sperry Van Ness/WACB, Inc.
$1,375,000
11 Beds ⋅ 8 Baths ⋅ 1101065 MLS
Introducing Academy Casitas, Albuquerque's unique tiny village in the heart of downtown. This 8-unit hacienda-style community sits on a private, scenic .52 acre lot with ample parking and mixed-use zoning. Thoughtfully developed over 20 years, the property blends Southwestern charm with functional design, offering privacy and dedicated outdoor living spaces. Features include an on-site laundry room, a Morton steel building, and an RV pad with hookups. Well maintained with updates to roof, HVAC, appliances, and sewer/water lines. Flexible rental options for short- or long-term use. Turnkey asset with strong cash flow and upside potential. Academy Casitas domain https://academycasitas.com/ will convey with the sale of the property.

1508 Edith Boulevard NE, Albuquerque

Listing courtesy of Vertical Real Estate from LPT Realty
$310,000
4 Beds ⋅ 2 Baths ⋅ 1100765 MLS
Welcome to 412 Harvard Blvd SE! This versatile property features a 3-bedroom, 2-bath main house plus a detached 1-bedroom, 1-bath casita with a tenant already in place, providing immediate investment income. The property is fully fenced, with the casita enjoying its own separate fenced area for added privacy. Ideally located less than 10 minutes from UNM Hospital and just 3 minutes(0.6 acre) to the UNM main campus, this home offers flexibility--live in the main house while collecting monthly income, or rent out both units as a fantastic investment. Don't miss this incredible opportunity!

412 Harvard Drive SE, Albuquerque

Listing courtesy of Premier Realty Partners from Realty One of New Mexico
$390,000
2 Beds ⋅ 2 Baths ⋅ 1100691 MLS
.Sellers are motivated and open to all reasonable offers. Rare opportunity to purchase an investment property featuring two homes on three city lots in a central Wells Park location. Excellent access to I-40, Downtown, and major corridors. Property offers ample parking, plus alley access with a gated entrance for additional vehicle/storage flexibility.Large lot size and zoning provide strong redevelopment potential for investors seeking long-term upside or multi-lot assembly. Both homes are currently occupied; please do not disturb tenants. Interior access available after an executed contract.Sellers also own 1514 and 1516 3rd St NW. These properties are not currently listed, but may be available next year, offering a rare chance to assemble a large contiguous section with significant future potential.

1512 &1510 3rd Street NW, Albuquerque

Listing courtesy of Arturo Lucero from Lucero Realty
$499,000
6 Beds ⋅ 4 Baths ⋅ 1100193 MLS
This income-producing triplex offers a great opportunity for both investors and owner-occupants. The property features three units, providing multiple streams of rental income and strong cash flow potential. Its convenient location offers easy access to local amenities, schools, and major roadways, making it attractive to tenants. With solid occupancy potential and long-term value, this triplex is a smart addition to any real estate portfolio. Unit A and B offer 691 sqft of living space and includes a stackable washer and dryer. Unit C offers 1,056 sqft of living space, a 1-car garage, and a standalone washer and dryer conveniently located in the garage.**Unit inspections will be scheduled by appointment after a signed purchase agreement is received.

4609 Douglas Macarthur Road NE, Albuquerque

Listing courtesy of Scott B Clark from Double Eagle Real Estate
$239,000
3 Beds ⋅ 2 Baths ⋅ 1099969 MLS
Spacious Investment Opportunity! This versatile 3-bedroom, 2-bathroom home features two distinct living areas and a large, functional kitchen. Currently generating $1,800/month on a flexible month-to-month agreement, this property also offers the highly sought-after benefit of backyard access. A perfect addition to any portfolio.

201 San Pablo Street NE, Albuquerque

Listing courtesy of Maria Guadalupe Sotelo-Robles from Realty One of New Mexico
$398,500
3 Beds ⋅ 2 Baths ⋅ 1099848 MLS
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

Listing courtesy of Caleb Wheeler from RE/MAX SELECT
$350,000
4 Beds ⋅ 4 Baths ⋅ 1099819 MLS
This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.

123 General Arnold Street NE, Albuquerque

Listing courtesy of Angelo Mora from Keyway Properties, Inc
$550,000
8 Beds ⋅ 4 Baths ⋅ 1099281 MLS
Located at 3609 Wellesley NE, this fourplex has large, town house style, two bedroom, one bathroom units with in unit laundry.At the ask price $550,000 and of based on the current average rents of $1,324 per month, the property's measures of investment performance include a 10,10 GRM, 5.73% cap rate before reserves, before tax IRR of 20.0% and an after-tax IRR of 16.2%. If rents were raised to market average of $1,466, and even with a potential two-fold increase in property taxes, which likely not occur until 2027-2028, the measures of investment performance improve to a 5.93% cap rate.

3609 Wellesley Drive NE, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
$530,000
7 Beds ⋅ 4 Baths ⋅ 1098715 MLS
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this downtown fourplex to market. Located within walking distance of all that downtown Albuquerque has to offer--hundreds of restaurants, shops, and cultural amenities. Also a short bike ride to the Old Town Plaza as well as three area hospitals and the UNM/CNM campuses. The property contains two large two-bedroom units (one with washer / dryer includ-ed and one with hookups), a small one bedroom eagle's nest 2nd floor apartment, and a medium-sized two bedroom casita that also includes a washer / dryer. Each apartment offers a unique floor plan with eclectic character touches and updates.

907 Coal Avenue SW, Albuquerque

Listing courtesy of Kyle E Deacon from Deacon Property Services
$383,500
4 Beds ⋅ 4 Baths ⋅ 1098651 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
$899,900
5 Beds ⋅ 5 Baths ⋅ 1098626 MLS
Prime Location! 8th St and Lomas. 3 total buildings with 13 parking spaces. Undermarket rents can be increased. 1 larger unit , 2 Upstairs loft area studios. 2 detached casita style properties 702 and 702 1/2 Kelleher NW address. Gas / elec seperately metered.

807 8th Street NW, Albuquerque

Listing courtesy of Alice Richards Meyerhoff from RE/MAX SELECT
$423,000
4 Beds ⋅ 3 Baths ⋅ 1097572 MLS
Well-maintained, fully occupied triplex in prime location near Kirtland AFB, UNM, and Nob Hill. One 2/1 unit with 1-car garage + two 1/1 units. Separate gas and electric meters, laundry hookups in each unit, evaporative cooling, gas central forced air. Onsite & street parking. Strong rental history with minimal vacancy--easy to rent. Opportunity for owner-occupier or investor. The tri-plex next door, 4021 Thaxton SE, is also for sale. Buy one or both properties!

4017 Thaxton Avenue SE, Albuquerque

Listing courtesy of John C Foster from 1 Percent Lists NM Realty
$500,000
6 Beds ⋅ 5 Baths ⋅ 1097526 MLS
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

Listing courtesy of Molly L Miller from Keller Williams Realty
$1,450,000
10 Beds ⋅ 4 Baths ⋅ 1097514 MLS
RARE OWNER-OCCUPANT ASSISTED LIVING OPPORTUNITY IN ALBUQUERQUE'S COUNTRY CLUB AREA. Purpose-configured assisted living real estate offering an ideal opportunity for an experienced operator, expanding care provider, or entrepreneur who wants to operate the facility while owning the building.The main level features 9 resident bedrooms with 10 revenue-producing bed positions, along with private and shared room configurations, multiple common living areas, dining space, and a functional care-ready layout designed around residential assisted living operations.An additional 2-bedroom non-revenue apartment upstairs has historically served as resident manager sleeping quarters, staff office space, and operational support space. Residents do not access the upstairs area, allowing operators to maintain separation between resident care areas and staff/management functions.Extensive renovations completed in recent years create a warm residential environment with much of the physical infrastructure already in place for an assisted living, senior care, residential care, or similar facility-type operation.Located in Albuquerque's desirable Country Club area with convenient access to medical providers, hospitals, pharmacies, shopping, transportation, and other services important to senior-care operations.For an operator searching for an assisted living facility for sale in Albuquerque, a residential care property, or an opportunity to own the real estate instead of leasing their facility, this property offers a difficult-to-replicate combination of location, existing build-out, resident capacity, staff support space, and owner-occupant potential.REAL ESTATE ONLY - business, licenses, and operating entity are not included. Buyer to independently verify permitted use, licensing requirements, bed capacity, zoning, and suitability for buyer's intended operation.

1711 Park Avenue SW, Albuquerque

Listing courtesy of Joshua D Christensen from Realty One of New Mexico
$565,000
6 Beds ⋅ 6 Baths ⋅ 1095527 MLS
Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.

426 Towner Avenue NW, Albuquerque

Listing courtesy of Peter A Cochran from Weichert, Realtors Image
$1,249,000
7 Beds ⋅ 6 Baths ⋅ 1094511 MLS
Property is approved for Residential Financing if buyer qualifies! Step back in time to this historic Route 66 ranch-style 1940 home on 10.7 acres-first built on a 200-acre Tres Pistoles Canyon homestead amid granite boulders with historic visitors! A rare investment opportunity with 7 beds, 6 baths, 8,134 sq ft. Main house + 2 casitas, each with their own entry, private driveway, and beautiful courtyards! Breathtaking Sandia views & easy National Forest hiking access make you feel worlds away--yet minutes from I-40's Tramway/Central exit. Historical charm includes original kitchen cabinets, classic bathtubs/showers, flooring, rock fireplaces, wrought-iron porches, & built-in BBQ pits. Main floor has koi pond & privacy fence; lower back has shade trees.

24 Matisse Road NE, Albuquerque

Listing courtesy of Anne M Vallejos from Keller Williams Realty
$3,015,000
3 Beds ⋅ 3 Baths ⋅ 1092688 MLS
Located at 3601, 3605 & 3609 Wellesley NE. The portfolio is easily managed from one central location that includes laundry room for the residents use. The property portfolio contains two studio units, thirteen one-bedroom units and six two-bedroom units.The portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.At the ask price of $2,445,000 and of based on the current average rents of $1,113 per month, the property's measures of investment performance include an 8.72 GRM, 7.39% cap rate before reserves, before tax IRR of 15.8% and an after-tax IRR of 12.97. If rents were raised to market average of $1,291, and even with a potential 3fold increase in property taxes, the measure of investment improve to a cap rate of 7.

3601 Wellesley Drive NE, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
$225,000
2 Beds ⋅ 1 Baths ⋅ 1092204 MLS
The property features specious two bedroom one bathroom units with stand alone front and rear entrances as well as their own internal laundry room. The two units are stacked on top of each other and adjacent to two similar duplexes. Additionally, each unit is separately metered for electric and gas. The upper floor unit is vacant and needs a bit of work to be rent-ready. With an ask $225,000 there is a lot of runway on this deal as the dozen comparable sales support a market value of $383,826, this charmer will go fast.

12708 Copper Avenue NE, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
$1,000,000
7 Beds ⋅ 4 Baths ⋅ 1087921 MLS
Well kept property that has been in the same family for over 100 years. Call Listing agent for showing. Must give 48 hrs notice.

313 Iron Avenue SW, Albuquerque

Listing courtesy of Timothy R Luten from Sperry Van Ness/WACB, Inc.
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The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Real Estate Company are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.

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.