Los Lunas Fourplex
1345-1351 LOS LENTES Road NE Los Lunas, NM 87031
1345-1351 LOS LENTES Road NE, Los Lunas, NM, 87031
$600,000
For Sale
$600,000
MULTI_FAMILY - Los Lunas, NM
Property Size3,240 SF
Lot Size0.68 Acres
Price / SF$185.19
Days on Market170
Property Features for 1345-1351 LOS LENTES Road NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 8, Bedroom 5
- Appliances
- FreeStandingGasRange, Refrigerator
- Standard status
- Active
- APN
- 1010039040305000000
- Size
- 3,240 SF
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2352
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet, Vinyl
- Building materials
- Frame, Stucco
Listing Agency
Gerald Chavez Realty Inc
(505) 865-4671
511 Highway 314 SW, Los Lunas, NM
Listed by
Clarissa Chavez-Rivera · License #11406
(505) 450-6682
Added: Jan 30 Checked: Jul 19 at 1:06 am
MLS# 1097564
Listing URL
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 multifamily property in Los Lunas, New Mexico, presents a rare opportunity. The property is a fourplex, with each unit featuring 2 bedrooms and 1 bathroom. The building has a total area of 3,240 square feet and is situated on a 0.68-acre lot. The location is conveniently near schools, restaurants, and stores. The open acreage provides room for additional units. Current rentals are month to month.
Key Highlights
- 4‑plex in Los Lunas with each unit offering 2 bedrooms and 1 bathroom
- Month‑to‑month rentals available for the four units
- Year built: 1988
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 | $40.8k | $12.60 |
| − Vacancy | −$2.2k | −$0.69 |
| EGI | $38.6k | $11.91 |
| − OpEx | −$11.6k | −$3.57 |
| NOI | $27.0k | $8.33 |
3,240 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$385.8K
$337.6K – $450.1K
NOI $27,005 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$353.2K
$309.1K – $412.1K
NOI $24,724 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$670.0K
$586.2K – $781.6K
NOI $46,897 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex in Los Lunas near schools, restaurants, and stores.
Where is this quadplex located?
The property is located at 1345-1351 LOS LENTES Road NE Los Lunas, NM.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4‑plex in Los Lunas with each unit offering 2 bedrooms and 1 bathroom; Month‑to‑month rentals available for the four units; Year built: 1988
