Six-Unit Apartment
For Sale
$665,000
9238 4th Street NW, Albuquerque, NM 87114
CommercialSale, Albuquerque, NM
Property SizeContact for details
Lot Size0.47 Acres
Days on Market14
Property Features for 9238 4th Street NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-1
Parking
810
Parking features
Guest
Fencing
Fenced
Directions
Heading West on Paseo Del Norte, Take the left exit onto 2nd St NW/NM-47 toward 4th St. Turn sharp right onto 2nd St NW/NM-47. Turn left onto Ortega Rd NW. Turn right onto 4th St NW/NM-556.
Subdivision
100 - North Valley
Standard status
Active
APN
101606408044020712
Lot size
0.47 Acres
Taxes and HOA fees
Tax Annual Amount
10523
Utilities
Heating system
Natural Gas, Ductless (Heating), Electric (Heating)
Cooling system
Ductless
Building Details
Floors in Building
3
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Steven A Grant · License #52493
(505) 238-0308
Added: Aug 10
Changed: Aug 22
Last Checked: Aug 23 at 3:06PM
MLS# 1109682
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 apartment property contains six units across two separate buildings on a fenced site. The unit mix includes 2 one-bedroom apartments, 1 two-bedroom apartment, and 3 studios. The one-bedroom units have been identified as candidates for conversion to two-bedroom layouts, while the studios have documented short-term rental operating history. Built in 1979, the property includes guest parking and a combination of natural gas, ductless, and electric heating, with ductless cooling.
The property is located at 9238 4th Street NW in Albuquerque’s North Valley, along the 4th Street corridor between Paseo Del Norte and Alameda. Balloon Fiesta Park is under 2 miles away, and I-25 provides access toward the metro core, Kirtland, and Sandia Labs. Rio Rancho, Intel’s campus, and Presbyterian Rust Medical Center are across the river. Two units are currently leased below comparable levels, and the property can continue with short-term operations or traditional long-term leasing.
The property is located at 9238 4th Street NW in Albuquerque’s North Valley, along the 4th Street corridor between Paseo Del Norte and Alameda. Balloon Fiesta Park is under 2 miles away, and I-25 provides access toward the metro core, Kirtland, and Sandia Labs. Rio Rancho, Intel’s campus, and Presbyterian Rust Medical Center are across the river. Two units are currently leased below comparable levels, and the property can continue with short-term operations or traditional long-term leasing.
Key Highlights
- Six‑unit configuration with 2 one‑bedroom units, 1 two‑bedroom unit, and 3 studios
- Two separate apartment buildings on one property
- Built in 1979
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 87114, NM
69,402
Population
28,038
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
20.9 sq mi
ZIP Area
3,321
Density / Sq Mi
$81,768
Median Household Income
$48,127
Median Earnings
$1,321
Median Rent
$296,200
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?
Apartment building - Two separate buildings provide varied layouts, including furnished studios with documented short-term rental history.
Where is this apartment building located?
The property is located at 9238 4th Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Six‑unit configuration with 2 one‑bedroom units, 1 two‑bedroom unit, and 3 studios; Two separate apartment buildings on one property; Built in 1979
