1237 Menaul Boulevard NW, Albuquerque, NM 87107
- $550,000
- 8
- BD
- 4
- BA
- 3,400
- SqFt
- List Price
- $550,000
- Status
- ACTIVE
- Days on Market
- 174
- Price Change
- ▼ $12,500 1785291848
- MLS#
- 1103919
- Subtype
- Residential Income
- Year Built
- 1980
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,400
- Lot Size
- 5,227
- Acres
- 0.12
- Subdivision
- Coleman Add
- Neighborhood
- Coleman Add
- MLS Area Major
- Near North Valley
Property Description
*Now Selling Separate from 1225* 1225 & 1237 Menaul Blvd. NW present a strong value-add multifamily investment opportunity with a projected 6.83% pro forma cap rate and 100% occupancy as of June 2026. The properties feature an efficient unit mix comprised entirely of spacious 2-bedroom, 1-bath units, appealing to a broad tenant base. Several units have recently undergone interior renovations, creating additional upside through future rent growth and continued operational improvements. Unit amenities include refrigerated air, in-unit washer/dryer hookups, and private balconies or patios. Conveniently located near I-40, the properties offer quick access to Downtown Albuquerque, employment centers, and the Indian Pueblo Cultural Center.
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Additional Information
- Taxes
- $8,019
- Zoning
- R-ML*
- Flooring
- Vinyl
- Appliances
- Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
- Heating
- Central, Forced Air
- Air Conditioning
- Refrigerated
- Stories
- 2
- Levels
- Two
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Listing courtesy of Luke Scarpa from NAI SunVista Commercial RE
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.