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$1,190,000
14 Beds 14 Baths 1105932 MLS
Exceptional opportunity to acquire a 14-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 7.70% cap rate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market.A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental income and reducing collection risk. The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep.

613 Mesilla Street SE, Albuquerque

Listing courtesy of Trey W. Whaley from Trinity Apartment Company LLC

$575,000
8 Beds 4 Baths 1105632 MLS
Investor Opportunity in Albuquerque's Foothills! Located at 12129 Menaul Blvd NE, Albuquerque, NM 87112, this well-maintained single-story fourplex offers a prime investment opportunity in one of Albuquerque's most desirable rental corridors near the Foothills. Situated on a prominent corner lot, the property features four spacious 2-bedroom, 1-bath units, each approximately 750 square feet, providing strong rental appeal and efficient layouts.Tenants enjoy the convenience of onsite laundry facilities, ample off-street parking, and easy access to shopping, dining, public transportation, hiking trails, and major commuter routes. Unit 1 has been updated, offering immediate upside and a model for future value-add improvements. The property's single-story design minimizes maintenance conce

12129 Menaul Boulevard NE, Albuquerque

Listing courtesy of Brooks Real Estate Group from Keller Williams Realty

$850,000
7 Beds 6 Baths 1105527 MLS
Offered at $850,000 ($141,666/unit) with an attractive 7.28% acquisition cap rate, 511 Spruce St SE presents a rare opportunity to acquire a fully stabilized multifamily asset with proven in-place cash flow. The property is 100% occupied and features four fully furnished units, with five of the six units having undergone extensive renovations including new roofs, heating and cooling systems, exterior paint and stucco, appliances, flooring, and interior paint. A diverse unit mix supports broad tenant demand, while its long history of strong occupancy as furnished rentals is complemented by an exceptional location near UNM, Presbyterian Hospital, CNM, Kirtland Air Force Base, and Downtown Albuquerque.

511 Spruce Street SE, Albuquerque

Listing courtesy of Luke Scarpa from NAI SunVista Commercial RE

$2,323,232
3 Beds 2 Baths 1105475 MLS
Historic OwnershipSince its original construction and development, the Four33/Four37 Apartments have had only a handful of owners.The owner with the longest period of stewardship and the original developer was Weldon ''Connie'' Alexander, who was the voice of the UNM Lobos for over a decade. Connie was a UNM athlete and inducted into the UNM Sports Hall of Fame in 2003. As a local lender, investor, landlord and community leader, he led the charge for the rebranding of this neighborhood to support Ta-Lin and the cultural diversity as the ''International District''.Measures of investment performance at the current asking price of $2,323,232 and with average rents of $755, include a low price per unit of $72,601, a price per square foot of $158, a GRM of 8.02, a cap rate of 6.33%, and

433 Mesilla & 437 (4 lots) Street SE, Albuquerque

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

$250,000
2 Beds 2 Baths 1105198 MLS
Excellent investment opportunity at 633 Grove St SE, Albuquerque, NM 87108. This remodeled duplex offers immediate income potential with tenants already in place, making it a turnkey addition to any investment portfolio. Both units have been updated to provide comfortable, modern living spaces while minimizing future maintenance concerns. Conveniently located near shopping, dining, schools, and major transportation routes, this property appeals to long-term renters and supports strong occupancy potential. Whether you're a seasoned investor or looking to expand your real estate holdings, this income-producing duplex delivers the combination of cash flow, updates, and location that investors seek. Don't miss this opportunity to own a fully leased, remodeled duplex in Albuquerque.

633 Grove Street SE, Albuquerque

Listing courtesy of The Venegas Group from Keller Williams Realty

$583,000
6 Beds 4 Baths 1104967 MLS
Uptown Value-Add 4-Plex! Premier live-work-play asset in highly desirable 87110 ZIP. Two 2BR/1BA & two 1BR/1BA units. True proof of concept already established: 1 of each unit type full hi-end modern remodel: granite counters, undermount sinks, pulldown faucets, tub/shower surrounds, vanities, brushed nickel fixtures, stainless apps, LED lights, wood-vinyl flooring, paint. 2BR: brick floors, breakfast bar, laundry hook-ups. All: wood-vinyl main, carpets in beds, fenced yards. Positioned perfectly to capitalize on Uptown's affluent demographics, featuring a prime renter household income of $73K (Ages 25-44). Backed by economic engine of premier retail, major corporate tenants & healthcare: property offers stable, high-demand tenant pool w/ urban walkability & proximity to large employers.

7505 Pennsylvania Lane NE, Albuquerque

Listing courtesy of Micah O Boutillier from ETB Properties, LLC

$890,000
6 Beds 6 Baths 1104831 MLS
Grand Home & Casita in Spruce Park! AWESOME INCOME POSSIBILITIES!! UNM, 3 HOSPITALS, NOB HILL-SO CLOSE! Main level: spacious rooms, voluminous ceilings, glowing hardwood floors. Vintage themed kitchen w/ modern appliances - opens to EXPANSIVE patio areas. This level features Large Living & Dining Rooms, private Primary Suite, den w/ patio access, ensuite BR/BA, 2 additional BRs & hall bath! WOW!!! Lower level offers family room, kitchenette, bedroom, flex room & 2 baths - it is accessible from both interior & exterior! 498sf Casita is private & detached with kitchen, bedroom, bath, portal. Wonderful outdoor spaces covered & open. This home is currently a private residence - no rental history available. Rent is estimated. GET CREATIVE: 6 BR's 6BA in 3 separate areas. Location Location!!

1606 Roma Avenue NE, Albuquerque

Listing courtesy of Lisa Parker from RE/MAX SELECT

$1,793,434
3 Beds 2 Baths 1104629 MLS
potential cap rate of 11.1%Residents enjoy a soft-gated community entry and parking right in front of their apartments. They also love the pragmatic floor plans, including open kitchens with lots of counter space, inviting bar tops, and a mix of contemporary and well-preserved mid-century modern tilework and fixtures. Over-sized full bathrooms boast expansive mid-century modern built-ins and tile work - including nearly 10 feet of counter, vanity space, and built-ins. Recent apartment upgrades include thermal windows, updated fixtures, fresh paint, and quality Luxury Vinyl Plank flooring throughout. Recent community updates include a large and accommodating community laundry room (with free machines for residents) and multiple quality, secured communal outdoor spaces.

8600 Zuni Road SE, Albuquerque

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

$619,900
2 Beds 2 Baths 1104605 MLS
Spectacular Old Town Adobes on .25ac - Two Homes on One Property! A rare opportunity to own two lovingly restored adobe homes, showcasing authentic New Mexican charm and timeless character. Each home has been thoughtfully updated with respect for the original features. The homes features thick adobe walls, wood floors, vintage light fixtures and updated kitchens and bathrooms. Old Town charm is everywhere you look, from the bell above the Lomas home, the ristras, vintage wagons, custom tin outdoor lights and carved tree with Our Lady of Guadalupe. Endless possibilities for live or work combinations. Currently used as successful airbnbs, but have previously been an an art studio, small private school and a jewelry shop. Private gated entrance with ample parking. New roofs installed 4/26.

1913 Lomas Boulevard NW, Albuquerque

Listing courtesy of Liska Maddox from Maddox & Co/REALTORS

$298,000
2 Beds 2 Baths 1104442 MLS
Prime UNM investment opportunity! This well-maintained pueblo-style duplex delivers steady income, modern upgrades, and unbeatable location appeal. Both units feature hardwood floors, open living/kitchen layouts, and private 1-bed/1-bath floorplans with access to a large, fully fenced backyard which could be divided. Major improvements include newer 3'' insulated stucco, TPO roof, double-paned windows, tankless water heaters, and mini-splits in both units--ideal for low maintenance and long-term efficiency. One unit is tenant-occupied; the other is freshly painted and ready to lease or occupy. Excellent rental history and strong demand in this high-performing area make this a smart, turnkey addition to any portfolio.

3518 Eastern Avenue SE, Albuquerque

Listing courtesy of Kelly R Taliaferro from Lucky Dog Realty, LLC

$950,000
10 Beds 5 Baths 1104437 MLS
SAWMILL DISTRICT INVESTMENT PACKAGE | 3 RENOVATED HOMES + DEVELOPMENT LOT Rare opportunity to own three fully renovated homes plus an additional development lot in Albuquerque's highly sought-after Sawmill District. Extensive updates include kitchens, bathrooms, flooring, roofing, windows, stucco, plumbing, water lines, electrical systems, and more. Ideal for investors seeking short-term rentals, long-term rentals, house hacking, multi-generational living, or future development potential. Conveniently located near Old Town, Sawmill Market, museums, dining, and Downtown Albuquerque. A unique opportunity offering immediate income potential, flexibility, and future upside in one of Albuquerque's most desirable neighborhoods.

1321 15th Street NW, Albuquerque

Listing courtesy of Anton F Determan from EXP Realty LLC

$619,887
1 Beds 2 Baths 1104393 MLS
This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.

2104 Lead Avenue SE, Albuquerque

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

$349,900
7 Beds 4 Baths 1104238 MLS
This well-maintained 4-plex is an excellent investment opportunity with strong rental appeal and low-maintenance features throughout! Offering three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, this property is designed for easy ownership and tenant convenience. Recent improvements include a newer roof with warranty, newer fencing, and refreshed stucco surfaces for added peace of mind. Interiors feature durable flooring throughout with no carpet, making upkeep simple and cost-effective. All units equipped with electric systems for easier and more affordable repairs, plus stoves and refrigerators are included in every unit. Select units also offer washer hookups for added tenant convenience. A great addition to any investment portfolio with practical upgrades.

209 Texas Street NE, Albuquerque

Listing courtesy of Tahir Gauba from MORE Realty, Inc

$1,739,530
1 Beds 2 Baths 1104004 MLS
*Property is being sold as a package with 1024 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.

1008 Alvarado Drive SE, Albuquerque

Listing courtesy of Luke Scarpa from NAI SunVista Commercial RE

$1,660,470
3 Beds 3 Baths 1104005 MLS
*Property is being sold as a package with 1008 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.

1024 Alvarado Drive SE Unit APT 6, Albuquerque

Listing courtesy of Luke Scarpa from NAI SunVista Commercial RE

$550,000
8 Beds 4 Baths 1103919 MLS
*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.

1237 Menaul Boulevard NW, Albuquerque

Listing courtesy of Luke Scarpa from NAI SunVista Commercial RE

$550,000
8 Beds 4 Baths 1103921 MLS
*Now Selling Separate from 1237*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.

1225 Menaul Boulevard NW, Albuquerque

Listing courtesy of Luke Scarpa from NAI SunVista Commercial RE

$950,000
2 Beds 1 Baths 1103496 MLS
At 1300 SF each, all 7 apartments are nicely updated two story two bedroom / one and a half Bathroom townhome style floorplans with well-apportioned rooms, separate large utility rooms (with Washer / Dryer hook ups or washer / dryer included), and giant living areas with woodburning stoves! All kitchens are nicely updated and include dishwashers and electric ranges. All apartments are also separately metered for gas and electric and offer forced central heating. 4 of the 7 apartments have been converted to refrigerated air!Potential upside includes conversion to a condominium community with a large spread between the current price of $135,714 per unit and the average ask price for $242,500 (per SWMLS report 5/12 - 2 bedroom units with 1,200 to 1,400 sf condos without garages.)

3505 Lafayette Drive NE, Albuquerque

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

$510,000
8 Beds 15 Baths 1103323 MLS
NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located acrossthe street from the Puerta del Sol Golf Course, the property features stunning mountain views over the golf course. It is also just 1 block from the future site of the Aviation Center for Excellence, it's less than 1/2 a mile from the Max Q Development, and it's just 2 miles east of the just- announced Lobo Crossing Retail Development.With 4 modernized, well-apportioned 2 Bed / 1 bath apartments and 4 detached storage units, the property presents a unique opportunity for a conventional investor looking for a solid asset with easy upside potential or an ideal chance for an owner interested in living in an updated apartment and completing the ultimate investment house hack.All apartments are separately metered for gas and electric and offer enclosed private patios or balconies. Apartments have been updated as they've come available over the last few years. A new roof was put on the building in Summer of 2026. A full renovation wasalso just completed on Unit D, which has been left vacant and available for potential owner occupants as well as for showings with pre-approved buyers.Expedite your appreciation by grabbing simple and easy low hanging value, including: an unused common laundry room ready for renovation and inherent additional income, easy pathways for creating large backyards on the two ground floor units, and 4 separate, detached storage units that can be rented to tenants or the public for additional income.The same seller also owns 1815 Girard SE and will be soon bringing it to market at $510,000 as well. It also boasts a new roof (2025) and has a vacant apartment available for showings and / or an own-er occupant. If an investor decides to purchase bothcommunities together, Seller will offer a portfoliodiscount of $10,000 - for a Sales Price of $1,010,000for both properties (8 units).

1809 Girard Boulevard SE, Albuquerque

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

$524,495
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

$483,995
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

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.