11013 Towner Avenue NE Albuquerque, NM 87112
MULTI_FAMILY - Albuquerque, NM
Property Features for 11013 Towner Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3
- Parking
- 6
- Appliances
- Dishwasher, FreeStandingElectricRange, Refrigerator
- Standard status
- Active
- APN
- 102105945424442319
- Size
- 3,080 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3827
Utilities
- Heating system
- Central, Forced Air
Building Details
- Year built
- 1972
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Carpet
- Building materials
- Brick, Frame, Stucco
Listing agent Nathan Louis Boitano License #REC-2025-0807 (505) 301-4170
Listing office RE/MAX SELECT 8300 Carmel Ave NE Suite 203, Albuquerque, NM (505) 798-1000
Listing date Jan 19, 2026
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.
The building is located in the NE Heights area of Albuquerque, NM. Tenants have access to a grassy, tree-covered courtyard area and private parking spots.
With a mix of unit sizes and the current occupancy status, the property presents a practical, income-oriented rental setup in a highly rentable area.
Key Highlights
- Well maintained 4‑plex with all units currently occupied
- Unit mix: (2) 2 bed / 1 bath units and (2) 1 bed / 1 bath units
- Individually metered electric; master meter for gas and water/sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $13.80 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $40.2k | $13.04 |
| − OpEx | −$12.0k | −$3.91 |
| NOI | $28.1k | $9.13 |
