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8000 Grand Avenue NE, Albuquerque

Listing courtesy of Faithe Real Estate Group from Keller Williams Realty

Rare Northeast Albuquerque fourplex offering the kind of upside investors want without the heavy renovation budget. This well-kept property shows very little deferred maintenance, allowing a new owner to focus on operations and long-term income rather than immediately pouring capital into the property. One-year leases are currently in place, while existing rents are collectively approximately 34% below estimated market rents, creating meaningful future income and value-add potential.Major property components have been well maintained, including a parking lot repaved in 2025, roofs estimated at approximately 10 years old, and a water heater estimated at approximately 10 years old. Additional features include each unit has its own storage room, mature, well-kept landscaping, vinyl thermal double-pane windows, and a combination of vinyl plank and carpet flooring.Unit A stands out as a spacious 3-bedroom residence with its own washer and dryer, while the remaining three units have access to a convenient common laundry room.Located in an established Northeast Albuquerque neighborhood near shopping, dining, public transit, employment corridors and the Sandia Foothills, this property offers the combination of location, existing income and future upside that can be difficult to find.This is not a renovation-heavy value-add project. It is an opportunity to acquire a stabilized, well-maintained fourplex with relatively low entry CAPEX and build long-term income by improving operations and capturing the existing rent gap over time. A strong buy-and-hold opportunity for an investor looking for durable Albuquerque real estate with room to grow.

7 Beds ⋅ 5 Baths ⋅ 1110663 MLS

Rare Northeast Albuquerque fourplex offering the kind of upside investors want without the heavy renovation budget. This well-kept property shows very little deferred maintenance, allowing a new owner to focus on operations and long-term income rather than immediately pouring capital into the property. One-year leases are currently in place, while existing rents are collectively approximately 34% below estimated market rents, creating meaningful future income and value-add potential.Major property components have been well maintained, including a parking lot repaved in 2025, roofs estimated at approximately 10 years old, and a water heater estimated at approximately 10 years old. Additional features include each unit has its own storage room, mature, well-kept landscaping, vinyl thermal double-pane windows, and a combination of vinyl plank and carpet flooring.Unit A stands out as a spacious 3-bedroom residence with its own washer and dryer, while the remaining three units have access to a convenient common laundry room.Located in an established Northeast Albuquerque neighborhood near shopping, dining, public transit, employment corridors and the Sandia Foothills, this property offers the combination of location, existing income and future upside that can be difficult to find.This is not a renovation-heavy value-add project. It is an opportunity to acquire a stabilized, well-maintained fourplex with relatively low entry CAPEX and build long-term income by improving operations and capturing the existing rent gap over time. A strong buy-and-hold opportunity for an investor looking for durable Albuquerque real estate with room to grow.

1116 Nakomis Drive NE, Albuquerque

Listing courtesy of Joshua D Christensen from Realty One of New Mexico

$800,000

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.

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

$399,000

CASITA OPPORTUNITY! A rare opportunity in the heart of Albuquerque! This spacious, well-maintained property offers 5 bedrooms and 3 baths in the main home PLUS a fully equipped 1-bedroom, 1-bath casita with its own kitchen, laundry, utilities, and private living space--all at the same address.The roomy main home offers a unique multi-level floor plan with plenty of flexibility, including a distinctive sunken living room and spacious multiple living areas. Outside, enjoy private front porches with seating areas and a backyard patio conveniently nestled between the main house and casita--perfect for entertaining, relaxing, or enjoying Albuquerque's beautiful weather.Location is hard to beat! Close to Hawthorne Elementary and Los Altos Golf Course, with shopping, restaurants, entertainment, and numerous Albuquerque attractions just minutes away. Easy highway access makes commuting across the city a breeze.Whether you're looking for space for extended family, a private guest retreat, a home office, or potential rental income, the casita adds incredible versatility and value. Spacious, centrally located, and full of possibilities--this is an Albuquerque property you won't want to miss!

6 Beds ⋅ 4 Baths ⋅ 1110576 MLS

CASITA OPPORTUNITY! A rare opportunity in the heart of Albuquerque! This spacious, well-maintained property offers 5 bedrooms and 3 baths in the main home PLUS a fully equipped 1-bedroom, 1-bath casita with its own kitchen, laundry, utilities, and private living space--all at the same address.The roomy main home offers a unique multi-level floor plan with plenty of flexibility, including a distinctive sunken living room and spacious multiple living areas. Outside, enjoy private front porches with seating areas and a backyard patio conveniently nestled between the main house and casita--perfect for entertaining, relaxing, or enjoying Albuquerque's beautiful weather.Location is hard to beat! Close to Hawthorne Elementary and Los Altos Golf Course, with shopping, restaurants, entertainment, and numerous Albuquerque attractions just minutes away. Easy highway access makes commuting across the city a breeze.Whether you're looking for space for extended family, a private guest retreat, a home office, or potential rental income, the casita adds incredible versatility and value. Spacious, centrally located, and full of possibilities--this is an Albuquerque property you won't want to miss!

429 General Somervell Street NE, Albuquerque

Listing courtesy of Amber Nicole Moussa from Keller Williams Realty

$420,000

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.

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

$315,000

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.

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

$850,000

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.

6 Beds ⋅ 6 Baths ⋅ 1110460 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.

14018 Arcadia Road NE, Albuquerque

Listing courtesy of Jonathan E Hamilton from Coldwell Banker Legacy

$3,880,000

One-of-a-kind custom built masterpiece and less than a yr old, this estate sits on nearly an acre on one of the city's most prestigious streets, showcasing unobstructed Sandia Mountains views. You're welcomed by a gated courtyard, custom-designed front door, open to cathedral ceilings with exposed beams, huge windows capturing stunning views. The kitchen features custom cabinetry, dual oversized islands, and a service pantry. There are 5 private en suites, an office, gym, and spacious laundry room with storage and 6 fireplaces. Resort-style grounds include a pool, spa, cabana, fire pit, pizza oven, built-in grill, lawn, covered and open patios. Nearly 4k SF of garage space with an Rv space and ample storage. C4 control system, wired for an elevator and generator. Luxury at it's best!

6 Beds ⋅ 7 Baths ⋅ 1110259 MLS

One-of-a-kind custom built masterpiece and less than a yr old, this estate sits on nearly an acre on one of the city's most prestigious streets, showcasing unobstructed Sandia Mountains views. You're welcomed by a gated courtyard, custom-designed front door, open to cathedral ceilings with exposed beams, huge windows capturing stunning views. The kitchen features custom cabinetry, dual oversized islands, and a service pantry. There are 5 private en suites, an office, gym, and spacious laundry room with storage and 6 fireplaces. Resort-style grounds include a pool, spa, cabana, fire pit, pizza oven, built-in grill, lawn, covered and open patios. Nearly 4k SF of garage space with an Rv space and ample storage. C4 control system, wired for an elevator and generator. Luxury at it's best!

9400 Elena Drive NE, Albuquerque

Listing courtesy of The LUX Real Estate Group from Keller Williams Realty

$675,000

The Triplex you have been coveting is AVAILABLE!! Immaculate & striking property on prime Nob Hill Corner Location - WOW! With a walking score of 88 + great potential for rent improvement these 2 bedroom/1 bath units are an investors dream. Hardwood floors modernized open kitchens, TPO roof & recent washer & dryers in ALL units. Cheerful front porch with flower baskets overlook lush grass & shade trees. Private patios, 2 garages, off street parking! LONG TERM TENANTS on Mo to Mo Leases - units are rarely vacant. Walk to UNM, Nob Hill, ART, Restaurants, Shopping & enjoy the friendly neighborhood. Great potential for savvy owner to live in one unit & rent others! RARE to find income units so loved & cared for! This property is poised to benefit from both appreciation & rent growth with Netflix, Facebook, Amazon plus future opportunities such as the NEW UNM Med-School.

6 Beds ⋅ 3 Baths ⋅ 1110232 MLS

The Triplex you have been coveting is AVAILABLE!! Immaculate & striking property on prime Nob Hill Corner Location - WOW! With a walking score of 88 + great potential for rent improvement these 2 bedroom/1 bath units are an investors dream. Hardwood floors modernized open kitchens, TPO roof & recent washer & dryers in ALL units. Cheerful front porch with flower baskets overlook lush grass & shade trees. Private patios, 2 garages, off street parking! LONG TERM TENANTS on Mo to Mo Leases - units are rarely vacant. Walk to UNM, Nob Hill, ART, Restaurants, Shopping & enjoy the friendly neighborhood. Great potential for savvy owner to live in one unit & rent others! RARE to find income units so loved & cared for! This property is poised to benefit from both appreciation & rent growth with Netflix, Facebook, Amazon plus future opportunities such as the NEW UNM Med-School.

401 Aliso Drive NE, Albuquerque

Listing courtesy of Lisa Parker from RE/MAX SELECT

$560,000

This well-maintained 6-unit multifamily investment property offers an excellent opportunity to acquire a centrally located, income-producing asset with significant recent capital improvements. The property consists of two separately deeded triplexes at 501 and 505, which are being sold together, providing a total of approximately 4,248 square feet across six residential units.The property features a desirable mix of two 1-bedroom/1-bath units and four 2-bedroom/1-bath units, with functional floor plans and a courtyard-style configuration that appeals to tenants seeking convenience and affordability.Ownership has completed numerous improvements throughout the property. Recent upgrades include evaporative cooling, replacement windows in 501 B & C and 505 B, remodeled interiors in select units, durable tile flooring, recessed lighting, and 80% energy-efficient furnaces in select units. Roofing improvements include an ISO roof at 501 completed within approximately the last two years and a TPO roof at 505 completed within approximately the last seven years. All month to month tenants. Unit Mix501Unit A -- 571 SF | 1 BD / 1 BAUnit B -- 571 SF | 1 BD / 1 BAUnit C -- 833 SF | 2 BD / 1 BA505Unit A -- 704 SF | 2 BD / 1 BAUnit B -- 759 SF | 2 BD / 1 BAUnit C -- 810 SF | 2 BD / 1 BA -vacant needs renoTotal Building Area: Approximately 4,248 SFTotal Units: 6Current Monthly Rent: $6,281Annualized Current Rent: $75,372With an established income stream, substantial recent improvements, and a versatile unit mix, this property presents an attractive opportunity for an investor seeking an improved multifamily asset with continued income and long-term appreciation potential. Vacant unit needs renovation. From owner between $10-25k depending on preference to be rented.

10 Beds ⋅ 6 Baths ⋅ 1110109 MLS

This well-maintained 6-unit multifamily investment property offers an excellent opportunity to acquire a centrally located, income-producing asset with significant recent capital improvements. The property consists of two separately deeded triplexes at 501 and 505, which are being sold together, providing a total of approximately 4,248 square feet across six residential units.The property features a desirable mix of two 1-bedroom/1-bath units and four 2-bedroom/1-bath units, with functional floor plans and a courtyard-style configuration that appeals to tenants seeking convenience and affordability.Ownership has completed numerous improvements throughout the property. Recent upgrades include evaporative cooling, replacement windows in 501 B & C and 505 B, remodeled interiors in select units, durable tile flooring, recessed lighting, and 80% energy-efficient furnaces in select units. Roofing improvements include an ISO roof at 501 completed within approximately the last two years and a TPO roof at 505 completed within approximately the last seven years. All month to month tenants. Unit Mix501Unit A -- 571 SF | 1 BD / 1 BAUnit B -- 571 SF | 1 BD / 1 BAUnit C -- 833 SF | 2 BD / 1 BA505Unit A -- 704 SF | 2 BD / 1 BAUnit B -- 759 SF | 2 BD / 1 BAUnit C -- 810 SF | 2 BD / 1 BA -vacant needs renoTotal Building Area: Approximately 4,248 SFTotal Units: 6Current Monthly Rent: $6,281Annualized Current Rent: $75,372With an established income stream, substantial recent improvements, and a versatile unit mix, this property presents an attractive opportunity for an investor seeking an improved multifamily asset with continued income and long-term appreciation potential. Vacant unit needs renovation. From owner between $10-25k depending on preference to be rented.

501-505 Mesilla Street SE, Albuquerque

Listing courtesy of Isaiah Johnson from Coldwell Banker Legacy

$760,000

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.

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

$329,900

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.

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

$650,000

Welcome to this completely remodeled home in the desirable Cantacielo Subdivision, offering an impressive 7 bedrooms, 3.5 bathrooms, and a 3-car garage on a private lot with no back or side neighbors! The versatile floor plan features 2 bedrooms downstairs and 5 upstairs, along with a spacious loft. The main living area makes a statement with soaring ceilings, tall windows providing abundant natural light, a beautiful fireplace, and a grand staircase overlooking the living room. Recent improvements include newer flooring throughout, newer HVAC, newer stucco, an updated roof, and tinted windows.Step outside to an entertainer's dream! The backyard features a swimming pool and an incredible outdoor kitchen complete with a grill, flat-top griddle, pizza oven, fireplace, and bar--perfect for enjoying New Mexico's beautiful weather year-round. Even more unique is the backyard access, a rare feature for the neighborhood, providing added convenience and versatility. With extensive updates, exceptional indoor and outdoor living spaces, privacy, and room for everyone, this home truly stands out!

7 Beds ⋅ 4 Baths ⋅ 1109872 MLS

Welcome to this completely remodeled home in the desirable Cantacielo Subdivision, offering an impressive 7 bedrooms, 3.5 bathrooms, and a 3-car garage on a private lot with no back or side neighbors! The versatile floor plan features 2 bedrooms downstairs and 5 upstairs, along with a spacious loft. The main living area makes a statement with soaring ceilings, tall windows providing abundant natural light, a beautiful fireplace, and a grand staircase overlooking the living room. Recent improvements include newer flooring throughout, newer HVAC, newer stucco, an updated roof, and tinted windows.Step outside to an entertainer's dream! The backyard features a swimming pool and an incredible outdoor kitchen complete with a grill, flat-top griddle, pizza oven, fireplace, and bar--perfect for enjoying New Mexico's beautiful weather year-round. Even more unique is the backyard access, a rare feature for the neighborhood, providing added convenience and versatility. With extensive updates, exceptional indoor and outdoor living spaces, privacy, and room for everyone, this home truly stands out!

6601 Brezza Dolce Avenue NW, Albuquerque

Listing courtesy of Kimberly Trujillo from R1 Property Management, LLC

$750,000

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.

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

$425,155

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.

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

$799,900

Welcome to 13620 Cedarbrook Ave NE! Nestled in the coveted Glenwood Hills neighborhood, this exceptional two-story home offers 4,207 sq. ft. of versatile living space with 7 bedrooms and 3.5 bathrooms--ideal for multigenerational living, guests, work-from-home spaces or a growing household. Three extra-large custom Kiva fireplaces add warmth, charm and distinctive Southwestern character. Enjoy breathtaking, unobstructed sunsets and beautiful city-light views from this desirable corner-lot property. An additional 764 sq. ft. finished lower level features a game room, sitting room and bedroom, offering even more flexibility. Just steps from open space and nearby trailheads, enjoy endless hiking and peaceful foothills living. Feel miles away from the city while being just minutes from everything Albuquerque has to offer. A unique home combining space, versatility, spectacular views and an exceptional‌‌‌‌‌‌‌‌‌‌‌‌ location!

7 Beds ⋅ 4 Baths ⋅ 1109520 MLS

Welcome to 13620 Cedarbrook Ave NE! Nestled in the coveted Glenwood Hills neighborhood, this exceptional two-story home offers 4,207 sq. ft. of versatile living space with 7 bedrooms and 3.5 bathrooms--ideal for multigenerational living, guests, work-from-home spaces or a growing household. Three extra-large custom Kiva fireplaces add warmth, charm and distinctive Southwestern character. Enjoy breathtaking, unobstructed sunsets and beautiful city-light views from this desirable corner-lot property. An additional 764 sq. ft. finished lower level features a game room, sitting room and bedroom, offering even more flexibility. Just steps from open space and nearby trailheads, enjoy endless hiking and peaceful foothills living. Feel miles away from the city while being just minutes from everything Albuquerque has to offer. A unique home combining space, versatility, spectacular views and an exceptional‌‌‌‌‌‌‌‌‌‌‌‌ location!

13620 Cedarbrook Avenue NE, Albuquerque

Listing courtesy of Tahir Gauba from MORE Realty, Inc

$999,565

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.

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

$389,160

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market such a well-priced, updated 4-plex with sizeable two bedroom, one bathroom units and secured courtyard entry.Recent building modernization includes: new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers, new evaporative cool-ers, updated electrical, wrought iron security fencing, updated toilets, as well as more recent updates to some of the mechanical systems on the property.Exceptional and very rare opportunity for such a well-updated 4-plex priced with an 8 Cap and nearly a 10% cash on cash return for an owner occupant or a 7.2Cap for an investor with professional property management.

8 Beds ⋅ 4 Baths ⋅ 1109467 MLS

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market such a well-priced, updated 4-plex with sizeable two bedroom, one bathroom units and secured courtyard entry.Recent building modernization includes: new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers, new evaporative cool-ers, updated electrical, wrought iron security fencing, updated toilets, as well as more recent updates to some of the mechanical systems on the property.Exceptional and very rare opportunity for such a well-updated 4-plex priced with an 8 Cap and nearly a 10% cash on cash return for an owner occupant or a 7.2Cap for an investor with professional property management.

512 Mesilla Street SE, Albuquerque

Listing courtesy of Kyle E Deacon from Deacon Property Services

$695,000

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.

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

$449,900

This is a great opportunity to add four unique cash flowing log cabin units to your investment portfolio!Both buildings have been updated, including newer refrigerated air conditioning and forced air heating, windows, roofing, electrical, countertops, toilets and vanities in all units, and luxury vinyl plank flooring in the upstairs units. Do not disturb tenants - showings upon acceptable offer only.

8 Beds ⋅ 4 Baths ⋅ 1109343 MLS

This is a great opportunity to add four unique cash flowing log cabin units to your investment portfolio!Both buildings have been updated, including newer refrigerated air conditioning and forced air heating, windows, roofing, electrical, countertops, toilets and vanities in all units, and luxury vinyl plank flooring in the upstairs units. Do not disturb tenants - showings upon acceptable offer only.

1131 Louisiana Boulevard SE, Albuquerque

Listing courtesy of Austin D Wolff from The Lovely Home Company

$625,000

Incredible investment opportunity in the NE Heights! All 3 units have a strong rental history. This property has been beautifully maintained, with a New TPO Roof (2024) and each unit has been kept turn-key with paint, flooring, etc. Each unit updated in 2026 with flooring, paint, refinished cabinets, etc. Each unit features a fireplace and the large Owner's Unit showcases THREE bedrooms, 2 baths and a 2-car garage. With incredible city & mountain views, this one is waiting for a new owner and is not to be missed.

7 Beds ⋅ 4 Baths ⋅ 1109057 MLS

Incredible investment opportunity in the NE Heights! All 3 units have a strong rental history. This property has been beautifully maintained, with a New TPO Roof (2024) and each unit has been kept turn-key with paint, flooring, etc. Each unit updated in 2026 with flooring, paint, refinished cabinets, etc. Each unit features a fireplace and the large Owner's Unit showcases THREE bedrooms, 2 baths and a 2-car garage. With incredible city & mountain views, this one is waiting for a new owner and is not to be missed.

2905 Palo Verde Drive NE, Albuquerque

Listing courtesy of Sandi D. Pressley from Coldwell Banker Legacy

$725,000

Charming single-family home compound in the heart of Albuquerque's North Downtown district offering an exceptional opportunity for both homeowners and savvy investors. . The property is ideally positioned within walking distance to parks, local restaurants, and retail, and just minutes from Old Town, Downtown, the medical corridor, and Albuquerque's expanding Rail Trail. Enjoy easy access to hundreds of miles of biking and hiking paths, plus close proximity to major employers including Netflix, Meta, Amazon, and Intel, making this location highly desirable.Recent renovations, new sewer and water line. The property has 4 free standing units quite tucked in location and lot potentially could support an ADU or Casita or 2nd unit.Please note, seller has a loan on this property at 313 McKnight NW (Units A, B and Main) and they need to sell that property prior to or at the same time as this residence.

6 Beds ⋅ 3 Baths ⋅ 1108831 MLS

Charming single-family home compound in the heart of Albuquerque's North Downtown district offering an exceptional opportunity for both homeowners and savvy investors. . The property is ideally positioned within walking distance to parks, local restaurants, and retail, and just minutes from Old Town, Downtown, the medical corridor, and Albuquerque's expanding Rail Trail. Enjoy easy access to hundreds of miles of biking and hiking paths, plus close proximity to major employers including Netflix, Meta, Amazon, and Intel, making this location highly desirable.Recent renovations, new sewer and water line. The property has 4 free standing units quite tucked in location and lot potentially could support an ADU or Casita or 2nd unit.Please note, seller has a loan on this property at 313 McKnight NW (Units A, B and Main) and they need to sell that property prior to or at the same time as this residence.

313 McKnight Avenue NE Unit A,B,C,M, Albuquerque

Listing courtesy of Anita Maestas from Maestas Real Estate Services

$349,900

Excellent investment opportunity! This well-maintained 4-plex offers a desirable unit mix with two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing broad rental appeal. Major updates include a TPO roof with transferable warranty, newer fencing, and refreshed stucco surfaces for added curb appeal and peace of mind. Inside, all units feature easy-care flooring with no carpet and all-electric systems for simplified maintenance and repairs. Each unit includes a stove and refrigerator, with select units offering washer hookups for added tenant convenience. A fantastic opportunity to expand your portfolio with a property designed for long-term value and low-maintenance ownership.

6 Beds ⋅ 4 Baths ⋅ 1108757 MLS

Excellent investment opportunity! This well-maintained 4-plex offers a desirable unit mix with two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing broad rental appeal. Major updates include a TPO roof with transferable warranty, newer fencing, and refreshed stucco surfaces for added curb appeal and peace of mind. Inside, all units feature easy-care flooring with no carpet and all-electric systems for simplified maintenance and repairs. Each unit includes a stove and refrigerator, with select units offering washer hookups for added tenant convenience. A fantastic opportunity to expand your portfolio with a property designed for long-term value and low-maintenance ownership.

211 Texas Street NE, Albuquerque

Listing courtesy of Tahir Gauba from MORE Realty, Inc

$1,144,491

Exceptional opportunity to acquire a 13-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 8.35% 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, resulting in solid operations and tenant stability

9 Beds ⋅ 7 Baths ⋅ 1108384 MLS

Exceptional opportunity to acquire a 13-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 8.35% 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, resulting in solid operations and tenant stability

609 Mesilla Street SE, Albuquerque

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

$319,000

Fantastic investment opportunity! This well-maintained triplex offers two occupied rental units and one available for owner-occupancy or additional income potential. The property offers spacious living areas, functional kitchens, and private entrances for each unit. Ideal for investors or owner occupants seeking steady rental income. Located near schools, shopping, and commuter routes, this triplex combines comfort and practicality with strong rental history and long-term potential. A rare find that's ready to start generating income from day one! 'Subject to seller's 1031 exchange; no cost to buyer.

6 Beds ⋅ 3 Baths ⋅ 1108338 MLS

Fantastic investment opportunity! This well-maintained triplex offers two occupied rental units and one available for owner-occupancy or additional income potential. The property offers spacious living areas, functional kitchens, and private entrances for each unit. Ideal for investors or owner occupants seeking steady rental income. Located near schools, shopping, and commuter routes, this triplex combines comfort and practicality with strong rental history and long-term potential. A rare find that's ready to start generating income from day one! 'Subject to seller's 1031 exchange; no cost to buyer.

1033 Louisiana Boulevard SE, Albuquerque

Listing courtesy of Jamie Lynn Cline from Precise Real Estate

$850,000

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!!

6 Beds ⋅ 6 Baths ⋅ 1107557 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

$522,500

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located across the street from the Puerta del Sol Golf Course, the property has stunning mountain views over the golf course.Welcome to 2810 Vail SE - a classic south UNM 4-plex close UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the ABQ sunport, and I-25.Each 2 Bedroom / 1 Bath Apartment is separately metered for gas and electric and boasts secure & a very private patio or balcony space as well as washer/dryer hookups. All units have been modernized over time and feature quality contemporary lighting accents, solid surface flooring, mechanical system updates, and large kitchens with pragmatic bars that are perfect for entertaining or flexible additional workspace. The property also has a newer TPO Roof with transferable warranty and updated / recent evaporative coolers.Consider purchasing this 4-plex with its two sister properties next door at 1809 and 1815 Girard Blvd. SE, which are also currently on the market for sale. Call Listing Brokers for additional details.

8 Beds ⋅ 4 Baths ⋅ 1108204 MLS

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located across the street from the Puerta del Sol Golf Course, the property has stunning mountain views over the golf course.Welcome to 2810 Vail SE - a classic south UNM 4-plex close UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the ABQ sunport, and I-25.Each 2 Bedroom / 1 Bath Apartment is separately metered for gas and electric and boasts secure & a very private patio or balcony space as well as washer/dryer hookups. All units have been modernized over time and feature quality contemporary lighting accents, solid surface flooring, mechanical system updates, and large kitchens with pragmatic bars that are perfect for entertaining or flexible additional workspace. The property also has a newer TPO Roof with transferable warranty and updated / recent evaporative coolers.Consider purchasing this 4-plex with its two sister properties next door at 1809 and 1815 Girard Blvd. SE, which are also currently on the market for sale. Call Listing Brokers for additional details.

2810 Vail Avenue SE, Albuquerque

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

$575,000

Welcome to this impressive multi-generational home designed for comfort, flexibility, and gathering. Situated on a desirable corner lo (with space for an RV on the West side), this residence offers privacy, extra outdoor space, and excellent curb appeal.Inside you'll find six bedrooms, three bathrooms, and two living rooms, giving the everyone space to spread out. Two full kitchens make it ideal for multi-generational living, entertaining, or creating a private guest/in-law suite. A large sunroom floods the home with natural light and serves as the perfect year-round space for relaxing, reading, or enjoying morning coffee.Additional highlights include a convenient two-car garage and a layout that balances private retreats with open gathering areas. Whether you're hosting family, accommodating guests, or simply craving space to breathe, this home delivers.

6 Beds ⋅ 3 Baths ⋅ 1107888 MLS

Welcome to this impressive multi-generational home designed for comfort, flexibility, and gathering. Situated on a desirable corner lo (with space for an RV on the West side), this residence offers privacy, extra outdoor space, and excellent curb appeal.Inside you'll find six bedrooms, three bathrooms, and two living rooms, giving the everyone space to spread out. Two full kitchens make it ideal for multi-generational living, entertaining, or creating a private guest/in-law suite. A large sunroom floods the home with natural light and serves as the perfect year-round space for relaxing, reading, or enjoying morning coffee.Additional highlights include a convenient two-car garage and a layout that balances private retreats with open gathering areas. Whether you're hosting family, accommodating guests, or simply craving space to breathe, this home delivers.

12452 Towner Avenue NE, Albuquerque

Listing courtesy of Mike Novak from Green Light Real Estate Svcs

$994,495

Unique opportunity to own a quality, updated 7 Unit Apartment Compound. This unique listing at 1003 - 1005 Carlisle SE offers a four-plex and a tri-plex on two separate parcels packaged together. The fully revitalized community is embedded in an area of redevelopment in the Knob Heights Neighborhood on the south side of Ridgecrest - walking distance to Castle Coffee, the Source 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 seven 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 & private yard spaces.

8 Beds ⋅ 7 Baths ⋅ 1107259 MLS

Unique opportunity to own a quality, updated 7 Unit Apartment Compound. This unique listing at 1003 - 1005 Carlisle SE offers a four-plex and a tri-plex on two separate parcels packaged together. The fully revitalized community is embedded in an area of redevelopment in the Knob Heights Neighborhood on the south side of Ridgecrest - walking distance to Castle Coffee, the Source 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 seven 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 & private yard spaces.

1003-1005 Carlisle Boulevard SE, Albuquerque

Listing courtesy of Kyle E Deacon from Deacon Property Services

$299,900

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. Potential to live in one and rent the others! 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!

6 Beds ⋅ 3 Baths ⋅ 1107153 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. Potential to live in one and rent the others! 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