Albuquerque, NM Apartment Buildings for Sale

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Rio Rancho, NM Corrales, NM Tijeras, NM Cedar Crest, NM Bosque Farms, NM Peralta, NM Bernalillo, NM Los Lunas, NM

30 properties

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Updated: May 13

Albuquerque Multifamily Investment Opportunity

3505 Lafayette Drive NE, Albuquerque, NM 87107

$950,000

9,100 sqft 0.38 AC lot

7‑apartment townhome‑style building with two‑story 2‑bedroom, 1.5‑bath floorplans
Each apartment offers 1,300 SF of living space with large living areas and woodburning stoves
Updated kitchens include dishwashers and electric ranges
Separate large utility rooms feature washer/dryer hookups or an included washer/dryer
Apartments are separately metered for gas and electric and have forced central heating

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3505 Lafayette Drive NE, Albuquerque, NM 87107

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Est. Cap Rate

8.1%
Above avg (5.9%)
Est. NOI

$77K
Annual
Mortgage

$690K
Mar 2020
Property Type

Residential Income
Built 1978

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Updated: Jun 29

Nine-Unit Multifamily Property

6720 Cochiti Road SE, Albuquerque, NM 87108

$579,000

4,300 sqft 0.31 AC lot

Nine‑unit multifamily property near Albuquerque’s historic State Fair / EXPO NM
About 400 feet due south of the center of the current State Fair grounds
Construction materials include block, frame, and stucco
Tile flooring
Year built: 1950

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Updated 7-Unit Apartment Compound

1003-1005 Carlisle Boulevard SE, Albuquerque, NM 87106

$1,008,490

4,805 sqft 0.18 AC lot

For sale includes a four-plex and tri-plex packaged on two parcels at 1003–1005 Carlisle Boulevard SE.

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Updated 32-Unit Apartment Complex

433 Mesilla SE, Albuquerque, NM 87108

$2,323,232

14,660 sqft

Recently renovated multi-family complex with 32 mostly one-bedroom units across two buildings on four parcels.

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Three-Building Multifamily Property

807 8th Street NW, Albuquerque, NM 87102

$990,000

3,201 sqft 0.20 AC lot

Three buildings with 13 parking spaces and separately metered gas/electric for multiple units.

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Soft-Gated Multifamily Community

8600 Zuni Road SE, Albuquerque, NM 87108

$1,793,434

16,020 sqft 1.00 AC lot

Well-maintained apartments with modern upgrades, secured outdoor areas, and a large community laundry room with free machines.

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UNM Area Apartment Complex

2104 Lead Avenue SE, Albuquerque, NM 87106

$619,887

2,670 sqft 0.16 AC lot

Eight-unit apartment complex near UNM, CNM, and Presbyterian Hospital.

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Spacious Updated Townhome-Style Apartments

3505-09 Lafayette NE, Albuquerque, NM 87107

$950,000

9,100 sqft

Seven updated townhome-style apartments in a convenient Albuquerque location.

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Turnkey 6-Plex in Albuquerque

426 Towner Avenue NW, Albuquerque, NM 87102

$565,000

3,191 sqft 0.24 AC lot

Fully occupied 6-plex with low vacancy and high demand.

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Mixed-Use Property with Storefront

315 Rio Grande Boulevard NW, Albuquerque, NM 87104

$560,000

3,495 sqft 0.22 AC lot

Multi-building setup with a Rio Grande-facing storefront, residential units, and a private casita on a 0.22-acre lot.

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Updated Apartment Community with Laundry

8600 Zuni SE, Albuquerque, NM 87108

$1,793,434

15,325 sqft

Twenty-five updated units with secure shared outdoor space and an on-site community laundry room.

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Albuquerque Multifamily Investment Opportunity

3601 Wellesley Drive NE, Albuquerque, NM 87107

$3,015,000

14,266 sqft 0.78 AC lot

Multifamily portfolio in Albuquerque with investment upside.

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Multifamily Apartment Community

419 Monroe Street NE, Albuquerque, NM 87108

$5,317,173

33,000 sqft 1.23 AC lot

Apartment community in Albuquerque with documented income metrics and access to nearby schools and the Nob Hill dining area.

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University Area Apartment Eightplex

2104 Lead SE, Albuquerque, NM 87106

$619,887

2,670 sqft

Eight units mix studios and one-bedroom apartments with updates for energy efficiency and parking by each entry.

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Six-Unit Multifamily Investment Property

501-505 Mesilla Street SE, Albuquerque, NM 87108

$560,000

0.16 AC lot

Well maintained 6-unit property with two separately deeded triplexes and multiple recent exterior and unit improvements.

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Albuquerque Development Site with Plans

6525 COCHITI Road SE, Albuquerque, NM 87108

$399,900

0.65 AC lot

Development site with approved 24-unit apartment plans. Owner financing available.

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Fully Stabilized Furnished Multifamily

511 Spruce Street Southeast, Albuquerque, NM 87106

$850,000

3,749 sqft

Fully occupied multifamily with furnished units and renovations including new roofs, HVAC, appliances, and updated interiors.

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Multi-Family Apartment Building

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

$2,323,232

14,688 sqft 0.60 AC lot

For sale multi-family property featuring two apartment addresses on four lots totaling 14,688 square feet.

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Retail Building and Condominium Property

9368 Valley View Drive NW, Albuquerque, NM 87114

$5,500,000

5,046 sqft

High-traffic corridor retail space leased to Anytime Fitness, paired with 13 two-bedroom, 2.5-bath condominium units behind.

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Modern Albuquerque Multifamily Investment Opportunity

615 Iron Avenue SW, Albuquerque, NM 87102

$1,500,000

6,574 sqft 0.16 AC lot

Newer 6-unit building, strong income potential, successful Airbnb rentals.

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Multifamily Property with Strong Upside

1225, 1237 Menaul Blvd NW, Albuquerque, NM, USA, Albuquerque, NM 87107

$1,125,000

6,800 sqft

Fully occupied multifamily property with renovated units and rent upside.

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Albuquerque Multifamily Investment Opportunity

1200 Ortiz Drive SE, Albuquerque, NM 87108

$3,965,358

25,632 sqft 0.31 AC lot

Updated apartments with development potential in Albuquerque, New Mexico.

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Multifamily Investment in Albuquerque

313-315 Iron Ave. SW, Albuquerque, NM 87102

$1,000,000

5,603 sqft

5,603 SF building with 9 units and 100% occupancy.

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Furnished Apartment Complex For Sale

1801-1821 Lead Ave SE, Albuquerque, NM 87106

$3,800,000

17,980 sqft

Furnished apartment complex with utilities included and on-site parking.

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Albuquerque, NM Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Albuquerque, NM, showcased through 30 active listings on our real estate platform. These investment opportunities span a total of 264,018 square feet of properties for sale, with an estimated market value of $46,973,127.

Sale prices for two-family homes in Albuquerque, NM start at $560,000, averaging $1,957,213, and reaching up to $5,500,000 — 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
87104	$837.1K
87106	$1.4M
87107	$1.5M
87102	$1.7M
87108	$2.1M

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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