Triplex Property with Detached
For Sale
$250,000
320 Rosemont Avenue NE, Albuquerque, NM 87102
MULTI_FAMILY - Albuquerque, NM
Property Size1,527 SF
Lot Size0.13 Acres
Price / SF$163.72
Days on Market8
Property Features for 320 Rosemont Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
MX-M*
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Parking
4
Appliances
Cooktop, Refrigerator
Subdivision
B County Add
Directions
From BROADWAY and MOUNTAIN, NORTH on BROADWAY one block to ROSEMONT, EAST/RIGHT on ROSEMONT, 320 ROSEMONT is on right-hand-side
Standard status
Active
APN
101405846927610417
Size
1,527 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
7264
Building Details
Year built
1956
Floors in Building
1
Number of units
3
Flooring type
Concrete
Building materials
Frame, Stucco
Listing Agency:
Q Realty
(505) 750-0059
Listed By:
Sutter Sugar · License #20090
(505) 850-9977
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 12 at 5:06PM
MLS# 1108952
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 triplex includes three detached units on a 0.13-acre compound, with a combined property size of 1,527 square feet. The units were built in 1956 and feature frame and stucco construction, concrete flooring, cooktops, and refrigerators. The property is fully rented, and each unit has separate gas and electric meters paid by the tenants.
Located at 320 Rosemont Avenue NE in Albuquerque, the property sits between UNM and downtown. MX-M zoning provides the current land-use designation. The unit layout includes three bedrooms and three bathrooms across the property, with bathrooms identified for each unit.
Located at 320 Rosemont Avenue NE in Albuquerque, the property sits between UNM and downtown. MX-M zoning provides the current land-use designation. The unit layout includes three bedrooms and three bathrooms across the property, with bathrooms identified for each unit.
Key Highlights
- Three detached units on a 0.13‑acre compound
- 1,527 square feet across the property
- Fully rented with separate gas and electric metering for each unit
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
$13,940
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
5.58%
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%
$278,800
$278.8K
Cap Rate 7%
$199,143
$199.1K
Cap Rate 9%
$154,889
$154.9K
Market Conditions
NOI Build-Up for 1,527 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
$21.1K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$19.9K $13.04/SF
− OpEx
−$6.0K −$3.91/SF
NOI
$13.9K $9.13/SF
Area
Albuquerque, NM
Vacancy
5.50%
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%
$278,800
Cap Rate 7%
$199,143
Cap Rate 9%
$154,889
Alternative Uses
Best Use
Multifamily LT 5
$199.1K
$174.3K – $232.3K
NOI $13,940 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$184.3K
$161.2K – $215.0K
NOI $12,898 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$369.4K
$323.2K – $431.0K
NOI $25,859 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,609
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
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?
Triplex - Three detached units share one compound, with MX-M zoning and separate gas and electric metering.
Where is this triplex located?
The property is located at 320 Rosemont Avenue NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three detached units on a 0.13‑acre compound; 1,527 square feet across the property; Fully rented with separate gas and electric metering for each unit
