Updated Quadplex
For Sale
$994,495
1003 Carlisle Blvd SE, Albuquerque, NM 87106
R-MH-zoned multifamily compound combines refreshed apartments with private outdoor areas, storage, and off-street parking.
Property Size4,805 SF
Price / SF$206.97
Days on Market349
Property Features for 1003 Carlisle Blvd SE
General Information
Standard status
Active
Size
4,805 SF
Total Parking Spaces
11
Property subtype
Multifamily
Zoning
R-MH
Amenities
Power
Water
Sewer
Natural Gas
11 Parking Spaces
Building Details
Year Built
1947
Listing Agency:
Deacon Property Services
Listed By:
Kyle Deacon · License #15579
(505) 803-3775
Source:
Carnm.resimplifi
Added: Nov 1, 2025
Changed: Oct 13
Last Checked: Oct 14 at 7:47PM
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 Deacon Property Services
Investment Insights
Based on property information with market context.
This multifamily compound includes two separate parcels at 1003 and 1005 Carlisle Blvd SE, combining a 4-plex and a tri-plex for 7 apartments. The 4,805-square-foot property was built in 1947 and has undergone extensive updates, including refreshed fixtures and finishes, in-unit washers and dryers, private yard areas, and additional storage. Select units include detached oversized garage spaces, while 1005 Carlisle SE has a new roof.
The property is in the Knob Heights Neighborhood, within walking distance of Castle Coffee, the TogetherSource Community Center, a community garden, and several neighborhood parks. UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25 are also nearby.
A separately metered detached building includes an oversized 2-car garage and unused workshop rooms, with stated potential for 1 or 2 additional apartments. The compound also offers substantial off-street parking and may be purchased together or as separate 4-plex and tri-plex properties.
The property is in the Knob Heights Neighborhood, within walking distance of Castle Coffee, the TogetherSource Community Center, a community garden, and several neighborhood parks. UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25 are also nearby.
A separately metered detached building includes an oversized 2-car garage and unused workshop rooms, with stated potential for 1 or 2 additional apartments. The compound also offers substantial off-street parking and may be purchased together or as separate 4-plex and tri-plex properties.
Key Highlights
- 7 apartments across a 4‑plex and tri‑plex on two separate parcels
- 4,805 square feet; built in 1947
- Updated units include in‑unit washers/dryers, private yards, and added storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,863
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,260
$877.3K
Cap Rate 7%
$626,614
$626.6K
Cap Rate 9%
$487,367
$487.4K
Market Conditions
NOI Build-Up for 4,805 SF
Gross rent
$66.3K $13.80/SF
− Vacancy
−$3.6K −$0.76/SF
EGI
$62.7K $13.04/SF
− OpEx
−$18.8K −$3.91/SF
NOI
$43.9K $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%
$877,260
Cap Rate 7%
$626,614
Cap Rate 9%
$487,367
Alternative Uses
Best Use
Multifamily LT 5
$626.6K
$548.3K – $731.1K
NOI $43,863 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$579.8K
$507.3K – $676.4K
NOI $40,586 @ 7.0% cap · market cap 4.08%
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
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?
Quadplex - R-MH-zoned multifamily compound combines refreshed apartments with private outdoor areas, storage, and off-street parking.
Where is this quadplex located?
The property is located at 1003 Carlisle Blvd 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 apartments across a 4‑plex and tri‑plex on two separate parcels; 4,805 square feet; built in 1947; Updated units include in‑unit washers/dryers, private yards, and added storage
