Duplex With Side Yard
For Sale
$199,000
300 63rd Street NW, Albuquerque, NM 87105
ResidentialIncome, Albuquerque, NM
Property Size1,775 SF
Lot Size0.19 Acres
Price / SF$112.11
Days on Market9
Property Features for 300 63rd Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-1B*
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Appliances
FreeStandingGasRange, Refrigerator
Subdivision
H M Sloan Sub
Directions
North On Coors From Central To 1st Right (East) On Avalon To Ne Corner Of 63rd & Avalon
Standard status
Active
APN
101105705040221401
Size
1,775 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
1369
Utilities
Heating system
Central
Cooling system
Multi Units
Building Details
Year built
1937
Floors in Building
1
Number of units
2
Flooring type
Laminate, Wood, Tile
Building materials
Frame, Stucco
Listing Agency:
Keller Williams Realty
(505) 375-2062
Listed By:
Medina Real Estate Inc
(505) 375-2062
Added: Aug 14
Changed: Aug 22
Last Checked: Aug 22 at 8:06PM
MLS# 1109606
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 1,775-square-foot duplex, built in 1937, contains two separate residential units. Unit A offers two bedrooms, a bonus room suitable for office or hobby use, one full bathroom, and a combined living and dining area with tall ceilings, vigas, wood flooring, and a fireplace. Unit B includes one bedroom, a living and dining area, and a bathroom.
The property occupies 0.19 acres and includes side yard access and on-site parking. Construction is frame and stucco, with wood, tile, and laminate flooring. Central heating and multiple cooling units serve the building. Appliances include a freestanding gas range and refrigerator. Located at 300 63rd Street NW in Albuquerque, New Mexico 87105.
The property occupies 0.19 acres and includes side yard access and on-site parking. Construction is frame and stucco, with wood, tile, and laminate flooring. Central heating and multiple cooling units serve the building. Appliances include a freestanding gas range and refrigerator. Located at 300 63rd Street NW in Albuquerque, New Mexico 87105.
Key Highlights
- 1,775‑square‑foot duplex on a 0.19‑acre lot
- Unit A has 2 bedrooms, a bonus room, and 1 full bathroom
- Unit B includes 1 bedroom, a living/dining area, and a bathroom
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
$16,089
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
8.08%
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%
$321,780
$321.8K
Cap Rate 7%
$229,843
$229.8K
Cap Rate 9%
$178,767
$178.8K
Market Conditions
NOI Build-Up for 1,775 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
$24.5K $13.80/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$23.0K $12.95/SF
− OpEx
−$6.9K −$3.88/SF
NOI
$16.1K $9.06/SF
Area
ZIP 87105
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$321,780
Cap Rate 7%
$229,843
Cap Rate 9%
$178,767
Alternative Uses
Best Use
Multifamily LT 5
$229.8K
$201.1K – $268.2K
NOI $16,089 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$211.2K
$184.8K – $246.5K
NOI $14,787 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$387.3K
$338.9K – $451.9K
NOI $27,111 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with distinct layouts, parking, and period architectural details.
Where is this duplex located?
The property is located at 300 63rd Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,775‑square‑foot duplex on a 0.19‑acre lot; Unit A has 2 bedrooms, a bonus room, and 1 full bathroom; Unit B includes 1 bedroom, a living/dining area, and a bathroom
