Albuquerque, NM Apartment Buildings for Sale

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Rio Rancho, NM Corrales, NM Tijeras, NM Bosque Farms, NM Cedar Crest, NM

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Updated: Aug 10

12-Unit Townhome-Style Apartment Compound

808 Ortiz Drive SE, Albuquerque, NM 87108

$1,424,506

9,650 sqft 0.46 AC lot

12‑unit apartment compound with two‑story, townhome‑style residences
9,650 square feet on 0.46 acres
Unit mix includes two 3‑bedroom, 1.5‑bath and two 2‑bedroom, 1‑bath layouts
Separate gas and electric meters plus individual utility rooms
Secured gated entry, landscaped courtyards, patios, backyards, and detached storage

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Updated: Aug 18

10-Unit Apartment Building

1104 Palomas Drive SE, Albuquerque, NM 87108

$999,565

7,720 sqft 0.56 AC lot

10‑unit property with two‑bedroom, one‑bath residences
Two fourplexes and one duplex on 0.56 acres
7,720 square feet of property size
Updates include soffits, windows, synthetic stucco, lighting, and electrical work
Central forced‑air furnaces; some hot water heaters replaced

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Six-Unit Apartment Building

501-505 Mesilla Street SE, Albuquerque, NM 87108

$560,000

4,248 sqft 0.30 AC lot

Two separately deeded triplexes offer a courtyard-style layout with a varied residential unit mix.

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Remodeled 10-Unit Apartment Property

1104 Palomas Dr, Albuquerque, NM 87108

$999,565

7,720 sqft

The complex combines two fourplexes and a duplex with two-bedroom, one-bathroom units.

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Updated 9-Unit Apartment Building

6720 Cochiti Road SE, Albuquerque, NM 87108

$740,831

4,300 sqft 0.31 AC lot

Nine casita-style residences feature refreshed interiors, controlled access, shared laundry, and gated off-street parking.

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7-Unit Townhome-Style Apartment Building

3505 Lafayette Drive NE, Albuquerque, NM 87107

$950,000

9,100 sqft 0.38 AC lot

Updated two-story residences feature spacious layouts, private utility rooms, and separately metered gas and electric service.

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Six-Unit Apartment Property

9238 4th Street NW, Albuquerque, NM 87114

$665,000

3,575 sqft 0.47 AC lot

Two detached buildings offer a varied unit mix with studios, one-bedroom apartments, and a two-bedroom apartment.

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Townhome-Style Apartment Compound

808 Ortiz Dr Se, Albuquerque, NM 87108

$1,424,506

9,650 sqft

Twelve-unit multifamily property with private outdoor areas, separate utility metering, and a mix of renovated interiors.

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Mid-Century Apartment Building

8600 Zuni Road SE, Albuquerque, NM 87108

$1,594,615

16,020 sqft 1.00 AC lot

One-acre multifamily property with renovated interiors, controlled entry, and shared resident amenities.

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8-Unit Apartment Community

1508 Edith Boulevard NE, Albuquerque, NM 87102

$1,375,000

5,304 sqft 0.52 AC lot

Mixed-use-zoned rental property with on-site laundry, dedicated outdoor areas, and parking on a private parcel.

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6-Unit Apartment Property

9238 4th St NW, Albuquerque, NM 87114

$665,000

3,575 sqft 0.48 AC lot

Two separated buildings provide a six-unit multifamily configuration with studios, one-bedroom apartments, and a two-bedroom unit.

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Renovated 6-Unit Apartment Building

525 Mesilla Street SE, Albuquerque, NM 87108

$535,000

3,300 sqft 0.16 AC lot

Updated one-bedroom residences offer modern kitchens, tiled showers, and refreshed interior finishes.

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8-Unit Apartment Building

2104 Lead Avenue SE, Albuquerque, NM 87106

$619,887

2,670 sqft 0.16 AC lot

Updated multifamily compound with studio and one-bedroom layouts, adjacent parking, and access from Lead Avenue.

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Six-Unit Apartment Property

501-505 Mesilla St SE, Albuquerque, NM 87108

$560,000

6,970 sqft

Two separately deeded triplexes combine updated interiors with a courtyard-style layout in Albuquerque.

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Historic Ranch-Style Apartment Property

24 Matisse Road NE, Albuquerque, NM 87123

$1,249,000

8,134 sqft 10.71 AC lot

A primary residence and two separately entered casitas provide distinct living areas with private driveways and courtyards.

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6-Unit Apartment Property

426 Towner Avenue NW, Albuquerque, NM 87102

$565,000

3,191 sqft 0.24 AC lot

Six residences across three structures with private entrances, separate utility metering, and established occupancy.

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43-Unit Apartment Building

1024 Alvarado Drive Se Apt 6, Albuquerque, NM 87108

$1,660,470

8,360 sqft

Recently improved multifamily property with full occupancy and access to Southeast Albuquerque employment centers.

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Multifamily Apartment Portfolio

3601 Wellesley Drive NE, Albuquerque, NM 87107

$3,015,000

14,266 sqft 0.78 AC lot

Apartment portfolio with resident laundry facilities and a balanced mix of studio, one-bedroom, and two-bedroom units.

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Updated 9-Unit Apartment Compound

6720 Cochiti Rd SE, Albuquerque, NM 87108

$740,831

4,300 sqft

Gated apartment property with remodeled casita-style residences, shared laundry, secured parking, and MX-H zoning.

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Mixed-Use Property with Fitness Center

9368 Valley View Drive NW, Albuquerque, NM 87114

$5,500,000

0.88 AC lot

Combines an occupied fitness center with 13 two-bedroom condominium units.

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6-Unit Apartment Building

615 Iron Ave SW, Albuquerque, NM 87102

$1,500,000

6,574 sqft

Five units currently operate as Airbnb rentals.

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Three-Building Apartment Property

807 8th Street NW, Albuquerque, NM 87102

$899,900

0.20 AC lot

A multi-building residential property with separately metered gas and electric service.

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13-Unit Apartment Building

609 Mesilla St Se, Albuquerque, NM 87108

$1,144,491

6,896 sqft

One- and two-bedroom units serve a tenant base that includes housing voucher participants.

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Apartment Building with Stucco Exterior

433 Mesilla & 437 (4 lots) Street SE, Albuquerque, NM 87108

$2,323,232

14,688 sqft 0.60 AC lot

Multifamily property offering tile and vinyl flooring, refrigerator appliances, and a four-lot site in Albuquerque’s 87108 ZIP code.

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Albuquerque, NM Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Albuquerque, NM, showcased through 71 active listings on our real estate platform. These investment opportunities span a total of 445,000 square feet of properties for sale, with an estimated market value of $66,893,662.

Sale prices for two-family homes in Albuquerque, NM start at $444,272, averaging $1,555,666, and reaching up to $9,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 711K

Population Growth (5Y) +0.2%

Median Household Income $69,705

College Educated 23.2%

High-Yield Neighborhoods for Investment

Identify Albuquerque submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
87108	$988.2K
87102	$1.1M
87123	$1.2M
87106	$1.7M
87114	$3.1M

Taxes & Financing

Tax Rate (average for all types) 4.89%

Property Tax per SF $70.21 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Bernalillo County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Albuquerque fall within the 100,000+ square foot range.

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