Multi Family in Albuquerque

Within walking distance of breweries, specialty coffee shops, restaurants, grocery stores, major bus routes, parks and the city’s primary courthouses, this property gives residents a front-row seat to the energy of Downtown and convenient access to Old Town. Tucked behind classic white picket fences, the two buildings - originally constructed in 1931 and 1936 - offer a total of 4,119 square feet on approximately 0.2296 acres. The six homes have distinctive floor plans, bright living spaces, hardwood floors, built-ins, full kitchens, private yard areas, in-unit washers and dryers, and convenient on- and off-street parking. It is the kind of small-scale, character-rich downtown investment that stands out from the crowd. Owner-Occupant OpportunityWhy buy just one home when you could live in one residence and collect rents from the others? The updated 26-page flyer includes an illustrative owner-occupant analysis showing a net monthly housing cost as low as $770 with a 25% down payment. That figure is a projection, not a loan quote or guarantee; actual results depend on occupancy, financing, expenses and rents. Furnished / Vacation-Rental PotentialFor buyers interested in other operating strategies, the flyer also explores the potential for vacation rentals in the Downtown / Old Town area. Short-term or furnished-rental use, any applicable approvals, licensing, operating costs and projected income should be independently verified. Investment Performance - Six-Unit OfferingThe combined asking price is $795,000 - $132,500 per unit, or $193.01 per square foot. As presented in the updated flyer, the offering has a 10.73 gross rent multiplier (GRM), a 6.19% capitalization rate before reserves and a modeled 13.40% after-tax internal rate of return (IRR). The flyer reports average rent of $1,083 for 2025 and models $1,275 for its 2027 pro forma, with a potential 7.73% capitalization rate before reserves and an 8.66 GRM. Projections are illustrative and are not assured. There is another noteworthy feature: the six homes occupy TWO separate parcels. The owners indicate that the two triplexes can also be sold and financed separately - an option for investors seeking flexibility in acquisition and financing. Get the Flyer, Numbers and Virtual ToursThe 26-page marketing flyer includes the APOD, return model, comparable-sales analysis, floor plans, photographs, surveys and zoning information. Register for additional information and confidential documents here: