Quadplex Residential Income
1928 Buena Vista Drive SE Albuquerque, NM 87106
For Sale
$528,895
MULTI_FAMILY - Albuquerque, NM
Property Size3,816 SF
Lot Size0.14 Acres
Price / SF$138.60
Days on Market15
Property Features for 1928 Buena Vista Drive SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 2
- Parking
- 6
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101505649905940122
- Size
- 3,816 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- Lot 24, Block 13, Clayton Heights Subd
- Tax Annual Amount
- 2620
Utilities
- Heating system
- Central
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl
Listing Agency:
NM Apartment Advisors, Inc.
(505) 440-8633
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Added: Jul 9
Changed: Jul 21
Last Checked: Jul 23 at 11:06AM
MLS# 1106970
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 quadplex is offered for sale as a residential income property. The building totals 3,816 square feet and sits on a 0.14-acre lot. It is configured as four separate units within a single property, providing a straightforward framework for a small multifamily portfolio.
The property is located at 1928 Buena Vista Drive SE in Albuquerque, New Mexico 87106, within Bernalillo County. Prospective buyers will want to review site access, unit layouts, and any related building systems and maintenance items as part of their due diligence.
A four-unit setup can appeal to buyers looking for multifamily exposure without the scale of larger apartment complexes. The property’s size and lot footprint may also support straightforward management and leasing for an owner-operator or small investor. For a complete understanding of rent potential and operating costs, confirm current occupancy, unit condition, and any applicable disclosures during the sales process.
The property is located at 1928 Buena Vista Drive SE in Albuquerque, New Mexico 87106, within Bernalillo County. Prospective buyers will want to review site access, unit layouts, and any related building systems and maintenance items as part of their due diligence.
A four-unit setup can appeal to buyers looking for multifamily exposure without the scale of larger apartment complexes. The property’s size and lot footprint may also support straightforward management and leasing for an owner-operator or small investor. For a complete understanding of rent potential and operating costs, confirm current occupancy, unit condition, and any applicable disclosures during the sales process.
Key Highlights
- 4‑bedroom home with 4 bathrooms
- Built in 1985
- Central heating
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 | $52.7k | $13.80 |
| − Vacancy | −$2.9k | −$0.76 |
| EGI | $49.8k | $13.04 |
| − OpEx | −$14.9k | −$3.91 |
| NOI | $34.8k | $9.13 |
3,816 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$497.6K
$435.4K – $580.6K
NOI $34,835 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$460.5K
$402.9K – $537.2K
NOI $32,233 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$923.2K
$807.8K – $1.08M
NOI $64,622 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit residential income property offered for sale in Albuquerque’s 87106 area.
Where is this quadplex located?
The property is located at 1928 Buena Vista Drive SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $528,895.
What are key features of this property?
This property features: 4‑bedroom home with 4 bathrooms; Built in 1985; Central heating
