Updated 7-Unit Apartment
For Sale
$994,495
1003-1005 Carlisle Boulevard SE, Albuquerque, NM 87106
ResidentialIncome, Albuquerque, NM
Property Size4,805 SF
Lot Size0.18 Acres
Price / SF$206.97
Days on Market166
Property Features for 1003-1005 Carlisle Boulevard SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-MH*
Bedrooms
8
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 6, Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 6, Bedroom 7, Bathroom 3, Bedroom 5, Bedroom 8, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Parking
11
Patio and Porch features
Patio
Exterior features
Landscaping, Patio
Appliances
Dryer, FreeStandingGasRange, Refrigerator, RangeHood, Washer
Directions
From Carlisle and Ridgecrest: south on Carlisle approximately 6 Blocks. Property is on the SW Corner of Smith and Carlisle SE.
Subdivision
42 - UNM South
Standard status
Active
APN
101605651822841514
Size
4,805 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
9108
Utilities
Heating system
Central, Forced Air
Cooling system
Varies by Unit
Amenities
in-unit washer/dryer
private yard spaces
Building Details
Year built
1947
Floors in Building
2
Number of units
7
Flooring type
Vinyl, Wood
Building materials
Frame, Stucco
Listing Agency:
Deacon Property Services
(505) 878-0100
Listed By:
Kyle E Deacon · License #15579
(505) 803-3775
Added: May 1
Changed: Sep 14
Last Checked: Oct 13 at 5:06PM
MLS# 1107259
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 7-unit apartment property comprises a fourplex and a triplex situated on two separate parcels. The buildings provide 4,805 square feet of space on 0.18 acres and date to 1947. Interior improvements include updated finishes, wood and vinyl flooring, forced-air and central heating, and unit-specific cooling. Apartments are equipped with washers, dryers, refrigerators, gas ranges, and range hoods, while patios and private yard areas add outdoor space.
The property is located at 1003-1005 Carlisle Boulevard SE in Albuquerque’s Knob Heights area, near neighborhood parks, a community garden, Castle Coffee, and the Source Community Center. The location is also minutes from the University of New Mexico, Central New Mexico Community College, Kirtland Air Force Base, Albuquerque International Sunport, and I-25.
The property is located at 1003-1005 Carlisle Boulevard SE in Albuquerque’s Knob Heights area, near neighborhood parks, a community garden, Castle Coffee, and the Source Community Center. The location is also minutes from the University of New Mexico, Central New Mexico Community College, Kirtland Air Force Base, Albuquerque International Sunport, and I-25.
Key Highlights
- 7‑unit apartment property with a fourplex and triplex on two separate parcels
- 4,805 square feet on 0.18 acres
- Updated interiors with wood and vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,586
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,720
$811.7K
Cap Rate 7%
$579,800
$579.8K
Cap Rate 9%
$450,956
$451.0K
Market Conditions
NOI Build-Up for 4,805 SF
Gross rent
$77.8K $16.20/SF
− Vacancy
−$4.0K −$0.84/SF
EGI
$73.8K $15.36/SF
− OpEx
−$33.2K −$6.91/SF
NOI
$40.6K $8.45/SF
Area
Albuquerque, NM
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,720
Cap Rate 7%
$579,800
Cap Rate 9%
$450,956
Alternative Uses
Best Use
Apartment 5plus
$579.8K
$507.3K – $676.4K
NOI $40,586 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,370 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two parcels combine a fourplex and triplex with private patios and in-unit laundry equipment.
Where is this apartment building located?
The property is located at 1003-1005 Carlisle Boulevard SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $994,495.
What are key features of this property?
This property features: 7‑unit apartment property with a fourplex and triplex on two separate parcels; 4,805 square feet on 0.18 acres; Updated interiors with wood and vinyl flooring
