Mobile Home & RV Park with
For Sale
$500,000
110-114 Indiana Street SE, Albuquerque, NM 87108
MULTI_FAMILY - Albuquerque, NM
Property Size2,867 SF
Lot Size0.16 Acres
Price / SF$174.40
Days on Market213
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 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 5
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
Central, Forced Air, Electric (Heating)
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: Aug 1
Last Checked: Aug 13 at 11:06AM
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.
Mobile home & RV park investment property featuring multiple revenue streams on one parcel, including an updated duplex, an owned mobile home, and four additional mobile home pads with expansion potential. The duplex includes a 1BR/1.5BA unit with a walk-in closet and two fireplaces, as well as a 3BR/2BA unit. Property features include lighting on the exterior, central and forced air electric heating, multi-unit cooling, laminate and tile flooring, and in-unit appliances including a free-standing gas range and refrigerator. Fireplace is present.
The property was built in 1950 and sits on a 0.16-acre lot totaling 2,867 square feet. Reported as having a 12% cap rate, offering an income-focused ownership structure alongside owner financing availability.
The site’s mix of duplex space plus owned and pad sites supports a flexible hold strategy for investors seeking both immediate income and room for future pad expansion as demand develops.
The property was built in 1950 and sits on a 0.16-acre lot totaling 2,867 square feet. Reported as having a 12% cap rate, offering an income-focused ownership structure alongside owner financing availability.
The site’s mix of duplex space plus owned and pad sites supports a flexible hold strategy for investors seeking both immediate income and room for future pad expansion as demand develops.
Key Highlights
- Mobile home & RV park with an updated duplex plus an owned mobile home
- Four additional mobile home pads with expansion potential
- Duplex unit mix: 1BR/1.5BA with walk‑in closet and two fireplaces; plus 3BR/2BA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,217
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,340
$484.3K
Cap Rate 7%
$345,957
$346.0K
Cap Rate 9%
$269,078
$269.1K
Market Conditions
NOI Build-Up for 2,867 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.4K $16.20/SF
− Vacancy
−$2.4K −$0.84/SF
EGI
$44.0K $15.36/SF
− OpEx
−$19.8K −$6.91/SF
NOI
$24.2K $8.45/SF
Area
Albuquerque, NM
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,340
Cap Rate 7%
$345,957
Cap Rate 9%
$269,078
Alternative Uses
Best Use
Apartment 5plus
$346.0K
$302.7K – $403.6K
NOI $24,217 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
945
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Mobile home & RV park on 0.16 acres with an updated duplex plus an owned mobile home and four additional pads.
Where is this mobile home & rv park 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: Mobile home & RV park with an updated duplex plus an owned mobile home; Four additional mobile home pads with expansion potential; Duplex unit mix: 1BR/1.5BA with walk‑in closet and two fireplaces; plus 3BR/2BA
