Fourplex with In-Unit Washers and
For Sale
$559,000
325 San Andres Avenue NW, Albuquerque, NM 87107
MULTI_FAMILY - Albuquerque, NM
Property Size3,632 SF
Lot Size0.23 Acres
Price / SF$153.91
Days on Market146
Property Features for 325 San Andres Avenue NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
MX-T*
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 4, Bathroom 5, Bedroom 3, Bedroom 1, Bedroom 6
Exterior features
Lighting
Appliances
BuiltInGasRange, Dryer, FreeStandingElectricRange, Refrigerator, Washer
Subdivision
Herrera Subdivision
Directions
North on 4th St past Griegos, East on San Andres, property is on the North side
Standard status
Active
APN
1010038135165000000
Size
3,632 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
6642
Utilities
Heating system
Forced Air, Central, Hot Water(Heating)
Amenities
in-unit washers and dryers
Building Details
Year built
1957
Floors in Building
1
Number of units
4
Flooring type
Carpet, Tile
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Alex Cordova · License #50012
(505) 730-0397
Added: Apr 2
Changed: Aug 2
Last Checked: Aug 25 at 7:06PM
MLS# 1103352
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.
Fourplex residence offering multiple well-designed units with in-unit washers and dryers for tenant convenience. The property is set on a 0.23-acre lot and totals 3,632 square feet. Covered parking is included, supporting day-to-day tenant access and routine use.
Built in 1957, the home features interior finishes including carpet and tile. Heating is provided by forced air and central systems, with hot water (heating). Exterior lighting is also noted.
Investor-oriented opportunity in Albuquerque’s Northwest Valley area, with straightforward in-unit laundry as a practical amenity for tenant comfort.
Built in 1957, the home features interior finishes including carpet and tile. Heating is provided by forced air and central systems, with hot water (heating). Exterior lighting is also noted.
Investor-oriented opportunity in Albuquerque’s Northwest Valley area, with straightforward in-unit laundry as a practical amenity for tenant comfort.
Key Highlights
- Fourplex residence on a 0.23‑acre lot
- Total building size: 3,632 square feet
- In‑unit washers and dryers in 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
$33,155
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
5.93%
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%
$663,100
$663.1K
Cap Rate 7%
$473,643
$473.6K
Cap Rate 9%
$368,389
$368.4K
Market Conditions
NOI Build-Up for 3,632 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
$50.1K $13.80/SF
− Vacancy
−$2.8K −$0.76/SF
EGI
$47.4K $13.04/SF
− OpEx
−$14.2K −$3.91/SF
NOI
$33.2K $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%
$663,100
Cap Rate 7%
$473,643
Cap Rate 9%
$368,389
Alternative Uses
Best Use
Multifamily LT 5
$473.6K
$414.4K – $552.6K
NOI $33,155 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$438.3K
$383.5K – $511.3K
NOI $30,678 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$878.7K
$768.8K – $1.03M
NOI $61,506 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex residence on a 0.23-acre lot with covered parking and in-unit laundry convenience for tenants.
Where is this quadplex located?
The property is located at 325 San Andres Avenue NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Fourplex residence on a 0.23‑acre lot; Total building size: 3,632 square feet; In‑unit washers and dryers in each unit
