Fully Occupied
For Sale
$389,000
Pending
1-4-140 General Arnold St Ne, Albuquerque, NM 87123
Four residential units with established tenancy and convenient access to shopping, dining, transit, and Albuquerque employment centers.
Property Size3,000 SF
Days on Market64
Property Features for 1-4-140 General Arnold St Ne
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$45,600
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,139
Building Details
Year Built
1976
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Casa ABQ
(505) 710-6918
Source:
Exprealty
Added: Aug 5
Changed: Oct 5
Last Checked: Oct 5 at 9:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty
Investment Insights
Based on property information with market context.
This fourplex contains four 1-bedroom, 1-bath residences and is fully occupied, with tenants already in place. The property was built in 1976 and offers an established residential income configuration without a stated vacancy position. Three units are leased month-to-month, while the remaining tenancy extends through August 31, 2026.
The property is situated near shopping, dining, public transportation, and major Albuquerque employment centers. Lease terms, rental information, expenses, and measurements should be independently verified by the buyer.
The property is situated near shopping, dining, public transportation, and major Albuquerque employment centers. Lease terms, rental information, expenses, and measurements should be independently verified by the buyer.
Key Highlights
- Four 1‑bedroom, 1‑bath residential units
- Fully occupied with tenants in place
- Three units are currently month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,386
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,720
$547.7K
Cap Rate 7%
$391,229
$391.2K
Cap Rate 9%
$304,289
$304.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$39.1K $13.04/SF
− OpEx
−$11.7K −$3.91/SF
NOI
$27.4K $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 Rate 5%
$547,720
Cap Rate 7%
$391,229
Cap Rate 9%
$304,289
Alternative Uses
Best Use
Multifamily LT 5
$391.2K
$342.3K – $456.4K
NOI $27,386 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$362.0K
$316.8K – $422.3K
NOI $25,340 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
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 - Four residential units with established tenancy and convenient access to shopping, dining, transit, and Albuquerque employment centers.
Where is this quadplex located?
The property is located at 1-4-140 General Arnold St Ne Albuquerque, NM.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath residential units; Fully occupied with tenants in place; Three units are currently month‑to‑month
