Nine-Unit Multifamily
6720 Cochiti Road SE Albuquerque, NM 87108
6720 Cochiti Road SE, Albuquerque, NM, 87108
$579,000
For Sale
$579,000
MULTI_FAMILY - Albuquerque, NM
Property Size4,300 SF
Lot Size0.31 Acres
Price / SF$134.65
Days on Market23
Property Features for 6720 Cochiti Road SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101805742508041114
- Size
- 4,300 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- Lots 5 & 6, Fair Grounds Addition
- Tax Annual Amount
- 6952
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 9
- Flooring type
- Tile
- Building materials
- Block, Frame, Stucco
Listing Agency
NM Apartment Advisors, Inc.
(505) 440-8633
524 Central Ave. SW Suite 801, Albuquerque, NM
Listed by
Todd D Clarke · License #13711
(505) 440-8633
Added: Jun 29 Updated: Jul 7 at 4:41 pm Checked: Jul 21 at 5:06 am
MLS# 1106356
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 nine-unit multifamily property is offered for sale and totals approximately 4,300 square feet on a 0.31-acre lot. The listing positions the asset as a nine-unit residential income building, with the site and building configured to support multiple rental units within a compact parcel.
The property is located at 6720 Cochiti Road SE in Albuquerque, New Mexico (87108), in Bernalillo County. Public remarks state it is about 400 feet due south of the current State Fair grounds. The State of New Mexico has approved initial $114M in funding for what could become a major redevelopment effort tied to the NM Fair grounds, and the remarks also reference $200M of redevelopment that may include a stadium for NM United, retail, and a mixed-use community.
Prospective buyers should consider this property based on its nine-unit multifamily structure and its proximity to the State Fair grounds area. The listing also notes one scheduled tour date and one scheduled offer date: tours on 7/21 at noon and offers due 7/22.
The property is located at 6720 Cochiti Road SE in Albuquerque, New Mexico (87108), in Bernalillo County. Public remarks state it is about 400 feet due south of the current State Fair grounds. The State of New Mexico has approved initial $114M in funding for what could become a major redevelopment effort tied to the NM Fair grounds, and the remarks also reference $200M of redevelopment that may include a stadium for NM United, retail, and a mixed-use community.
Prospective buyers should consider this property based on its nine-unit multifamily structure and its proximity to the State Fair grounds area. The listing also notes one scheduled tour date and one scheduled offer date: tours on 7/21 at noon and offers due 7/22.
Key Highlights
- Nine‑unit multifamily property near Albuquerque’s historic State Fair / EXPO NM
- About 400 feet due south of the center of the current State Fair grounds
- Construction materials include block, frame, and stucco
Local Financial Insights For Apartment 5plus
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 | $69.7k | $16.20 |
| − Vacancy | −$3.6k | −$0.84 |
| EGI | $66.0k | $15.36 |
| − OpEx | −$29.7k | −$6.91 |
| NOI | $36.3k | $8.45 |
4,300 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$518.9K
$454.0K – $605.4K
NOI $36,321 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$910.2K – $1.21M
NOI $72,818 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For-sale nine-unit multifamily asset near the State Fair grounds, offered with scheduled tour and offer dates.
Where is this apartment building located?
The property is located at 6720 Cochiti Road SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Nine‑unit multifamily property near Albuquerque’s historic State Fair / EXPO NM; About 400 feet due south of the center of the current State Fair grounds; Construction materials include block, frame, and stucco
