Updated Duplex with Mobile
For Sale
$500,000
110-114 Indiana Street SE, Albuquerque, NM 87108
ResidentialIncome, Albuquerque, NM
Property Size2,867 SF
Lot Size0.16 Acres
Price / SF$174.40
Days on Market268
Property Features for 110-114 Indiana Street SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
MX-H*
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 4
Exterior features
Lighting
Fireplace
1
Appliances
FreeStandingGasRange, Refrigerator
Directions
Louisiana South, go past the race track to Cochiti, turn West to Indiana North. Cochiti And Indiana.
Subdivision
71 - Southeast Heights
Standard status
Active
APN
101805747109641601
Size
2,867 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1696
Utilities
Heating system
Electric (Heating), Central, Forced Air
Cooling system
Multi Units
Building Details
Year built
1950
Floors in Building
1
Number of units
7
Flooring type
Laminate, Tile
Building materials
Frame, Stucco
Listing Agency:
Keller Williams Realty
(505) 897-1100
Listed By:
Molly L Miller · License #49664
(505) 300-6609
Added: Jan 12
Changed: Sep 12
Last Checked: Oct 7 at 1:06PM
MLS# 1097526
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,867-square-foot duplex property includes an updated duplex, an owned mobile home, and four additional mobile home pads on a 0.16-acre parcel. The duplex contains a 1BR/1.5BA unit with a walk-in closet and two fireplaces, along with a separate 3BR/2BA unit. Interior finishes include laminate and tile flooring, while heating is provided by central electric forced air and cooling by multiple units.
The property is located at 110-114 Indiana Street SE in Albuquerque, within Bernalillo County. Built in 1950, the improvements include frame and stucco construction, exterior lighting, a freestanding gas range, and a refrigerator. The reported cap rate is 12%.
The property is located at 110-114 Indiana Street SE in Albuquerque, within Bernalillo County. Built in 1950, the improvements include frame and stucco construction, exterior lighting, a freestanding gas range, and a refrigerator. The reported cap rate is 12%.
Key Highlights
- Updated duplex with an owned mobile home on a 0.16‑acre parcel
- Four additional mobile home pads included
- Duplex totals 2,867 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,172
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,440
$523.4K
Cap Rate 7%
$373,886
$373.9K
Cap Rate 9%
$290,800
$290.8K
Market Conditions
NOI Build-Up for 2,867 SF
Gross rent
$39.6K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$37.4K $13.04/SF
− OpEx
−$11.2K −$3.91/SF
NOI
$26.2K $9.13/SF
Area
Albuquerque, NM
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,440
Cap Rate 7%
$373,886
Cap Rate 9%
$290,800
Alternative Uses
Best Use
Multifamily LT 5
$373.9K
$327.2K – $436.2K
NOI $26,172 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$346.0K
$302.7K – $403.6K
NOI $24,217 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$693.6K
$606.9K – $809.2K
NOI $48,551 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential property with a second dwelling and four additional mobile home pads on one parcel.
Where is this duplex located?
The property is located at 110-114 Indiana Street SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Updated duplex with an owned mobile home on a 0.16‑acre parcel; Four additional mobile home pads included; Duplex totals 2,867 square feet
