Updated
1003 Carlisle Boulevard SE, Albuquerque, NM 87106
For Sale
$479,995
Residential Income, Albuquerque, NM
Property Size2,156 SF
Lot Size0.18 Acres
Price / SF$222.63
Days on Market198
Property Features for 1003 Carlisle Boulevard SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
in-unit washer/dryer
private yard spaces
garages
carport spaces
bonus storage
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Deacon Property Services
Listed By:
Kyle E Deacon · License NM #15579
(505) 878-0100
Added: May 1
Changed: Nov 13
Last Checked: Nov 14 at 2:06AM
MLS# 1103320
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.
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Investment Insights
Based on property information with market context.
This Albuquerque triplex contains three apartments with a combined 2,156 square feet on a 0.18-acre parcel. Built in 1947, the property has R-MH* zoning. Each apartment has been updated, with in-unit washers and dryers, refreshed fixtures and finishes, and private yard space. Garages, carport parking, and additional storage are also part of the property.
The property is in the Knob Heights area, south of Ridgecrest. Castle Coffee, the Source Community Center, a community garden, and neighborhood parks are within walking distance. UNM, CNM, Kirtland Air Force Base, Albuquerque International Sunport, and I-25 are a short drive away.
The property is in the Knob Heights area, south of Ridgecrest. Castle Coffee, the Source Community Center, a community garden, and neighborhood parks are within walking distance. UNM, CNM, Kirtland Air Force Base, Albuquerque International Sunport, and I-25 are a short drive away.
Key Highlights
- Three apartments totaling 2,156 square feet
- 0.18‑acre parcel with R‑MH* zoning
- Built in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,681
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,620
$393.6K
Cap Rate 7%
$281,157
$281.2K
Cap Rate 9%
$218,678
$218.7K
Market Conditions
NOI Build-Up for 2,156 SF
Gross rent
$29.8K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$28.1K $13.04/SF
− OpEx
−$8.4K −$3.91/SF
NOI
$19.7K $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%
$393,620
Cap Rate 7%
$281,157
Cap Rate 9%
$218,678
Alternative Uses
Best Use
Multifamily LT 5
$281.2K
$246.0K – $328.0K
NOI $19,681 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$260.2K
$227.6K – $303.5K
NOI $18,211 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$521.6K
$456.4K – $608.5K
NOI $36,511 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
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
$332,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Albuquerque, NM
Properties on Market for Triplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments include in-unit laundry, private yard areas, and garage or carport parking.
Where is this triplex located?
The property is located at 1003 Carlisle Boulevard SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $479,995.
What are key features of this property?
This property features: Three apartments totaling 2,156 square feet; 0.18‑acre parcel with R‑MH* zoning; Built in 1947
