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$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
$5,900,000
3 Beds ⋅ 3 Baths ⋅ 1103000 MLS
Ocotillo Ridge is a 20-unit, townhome-style multifamily community completed in 2024 by a local architect anddeveloper, who self-developed the project with a focus on durable construction and efficient, functionallayouts. The property consists of twelve (12) two-bedroom units averaging approximately 1,056 square feet and eight (8) one-bedroom units averaging approximately 801 squarefeet. The community includes 20 secure on-site parkingspaces serving residents.The residences feature open-concept floor plans with polished concrete flooring, large window lines, and strongnatural light throughout both living and bedroom levels. Each unit includes oversized private patios or balconies thatexpand usable living area and enhance unit desirability.

140 Jefferson Street SE, Albuquerque

Listing courtesy of Nicole Raeanne VanBuskirk from ODYN Management
$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
$479,990
6 Beds ⋅ 4 Baths ⋅ 1102911 MLS
Well maintained 4-plex in desirable NE Heights location! All units currently 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 5.6% CAP rate showing strong income potential and highly rentable area.

11013 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
$249,900
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 (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
$675,000
5 Beds ⋅ 3 Baths ⋅ 1100981 MLS
Turnkey triplex in prime UNM area near Nob Hill with strong in-place income of $4,420/month. Thoughtfully updated property includes one spacious 3 bed/1 bath unit, a second efficiently designed 2 bed/1 bath unit, and a studio with 3/4 bath--ideal for students and professionals. Perfect opportunity for an owner-occupant to live in one unit while generating steady rental income from the others. Well maintained with modern updates. Located in a high-demand rental area close to UNM, shopping, dining, and transit. Excellent option for both investors and house hackers seeking immediate cash flow.

635 Adams Street NE, Albuquerque

Listing courtesy of Katey T Oueis from Berkshire Hathaway Home Svc NM
$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
THE SELLERS ARE MOTIVATED AND OPEN TO ALL REASONABLE OFFERS! A rare opportunity to purchase an investment property in a central location with 2 houses on 3 lots. Conveniently located with easy access to I-40 and downtown. Plenty of parking with additional backyard access through alley with gate. Redevelopment potential due to lot size + zoning. Sellers also own 1514 and 1516 3rd Street NW but homes are not currently for sale. Possibly for sale next year for a great acquisition of a large section with great upside 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
$649,311
3 Beds ⋅ 8 Baths ⋅ 1099827 MLS
8-unit multifamily investment located in a rapidly improving corridor of Northeast Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a high cap rate, strong cash-on-cash returns, and durable demand from long-term workforce tenants.The surrounding neighborhood has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use construction nearby. These improvements support long-term appreciation while maintaining strong rental demand.The asset is a C-class, workforce housing property, which historically performs well through market cycles due to affordability, necessity-driven demand, and tenant longevity. Current tenants are stable, long-term residents. Can be sold separately.

236 San Pablo Street NE, Albuquerque

Listing courtesy of Trey W. Whaley from Trinity Apartment Company LLC
$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.
$265,000
2 Beds ⋅ 1 Baths ⋅ 1098968 MLS
More space, more possibilities! This charming home sits on a large lot with an open living and dining layout that's comfortable and easy to live in day to day. Stay cool year-round with REFRIGERATED AIR, and enjoy the convenience of gated SIDE YARD ACCESS, perfect for parking an RV, trailer, or extra vehicles. The fully enclosed backyard is ready for gatherings, pets, or your next gardening project. New water heater! Great for first-time buyers or investors alike. Don't miss this one, schedule your showing​​‌​​​​‌​‌​​​​‌‌​​‌‌​‌‌​​‌​​​‌​‌ today!

1808 William Street SE, Albuquerque

Listing courtesy of Anthony Charles Ilfeld from Coldwell Banker Legacy
$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
$391,000
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
$990,000
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
$535,150
6 Beds ⋅ 3 Baths ⋅ 1097072 MLS
This family compound contains three residences on one large, long lot with a newer house, built in 2009 and known as Unit B, is located to the rear (north) side of the property is vacant and available for immediate occupancy by an owner occupant.Parks, Parks and more parks!Additionally, the property is very close to the $80M, under construction ''ABQ Rail Trail'' park that connects the Railyards to OldTown/Sawmill and just a few blocks from the newly completed, $8M Wells Park expansion. It is less than 330' to the Santa Barbara/Martinez Town park and ball fields. The seller also owns Unit C next door and is offering that house for sale for $225,000. Recent comparable sales for that residence indicate a market value closer to $261,232.In the event that the two properties sell together, the owner will discount price for all 4 units to $725,000.

313 McKnight - Main, A & B Avenue NE, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
$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
$342,000
5 Beds ⋅ 3 Baths ⋅ 1095131 MLS
Don't miss out on this great opportunity! A private triplex with so much potential. Three separate units that include a serene courtyard with a covered patio. The front unit A includes an enclosed front yard, a single car garage with extra storage space/workshop area, and two additional parking spaces. Also has a large bathroom with double vanity. Unit C includes a private gated back yard with raised flower beds, a compost box, and two large storage sheds. All units provide at least one parking space. All three units are lease. Conveniently located near to Nob Hill, UNM, Kirkland Airforce base, and the VA hospital

816 Ortiz Drive SE, Albuquerque

Listing courtesy of Anahi M Salcido from Realty One of New Mexico

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