Updated 4-Unit
1005 Carlisle Boulevard SE, Albuquerque, NM 87106
For Sale
$514,500
Residential Income, Albuquerque, NM
Property Size2,640 SF
Lot Size0.10 Acres
Price / SF$194.89
Days on Market191
Property Features for 1005 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
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Deacon Property Services
Listed By:
Kyle E Deacon · License NM #15579
(505) 878-0100
Added: May 8
Changed: Nov 12
Last Checked: Nov 14 at 3:06AM
MLS# 1103321
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 quadplex contains four one-bedroom, one-bathroom apartments, each measuring just over 660 SF. Interior updates pair preserved vintage details with refreshed fixtures and finishes. Each residence has an in-unit washer and dryer and a private yard area. The building received a new roof in 2025 and is zoned R-MH*.
The property is within walking distance of Castle Coffee, the Source Community Center, a community garden, and several neighborhood parks. UNM, CNM, Kirtland Air Force Base, Albuquerque International Sunport, and I-25 are described as a short drive away.
The property is within walking distance of Castle Coffee, the Source Community Center, a community garden, and several neighborhood parks. UNM, CNM, Kirtland Air Force Base, Albuquerque International Sunport, and I-25 are described as a short drive away.
Key Highlights
- Four apartments, each with a 1 bd / 1 ba layout
- Each apartment measures just over 660 SF
- In‑unit washer and dryer in every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,100
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,000
$482.0K
Cap Rate 7%
$344,286
$344.3K
Cap Rate 9%
$267,778
$267.8K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$36.4K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$34.4K $13.04/SF
− OpEx
−$10.3K −$3.91/SF
NOI
$24.1K $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%
$482,000
Cap Rate 7%
$344,286
Cap Rate 9%
$267,778
Alternative Uses
Best Use
Multifamily LT 5
$344.3K
$301.3K – $401.7K
NOI $24,100 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$318.6K
$278.7K – $371.7K
NOI $22,299 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$638.7K
$558.8K – $745.1K
NOI $44,707 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
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
$332,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments feature in-unit laundry and private yard areas.
Where is this quadplex located?
The property is located at 1005 Carlisle Boulevard SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $514,500.
What are key features of this property?
This property features: Four apartments, each with a 1 bd / 1 ba layout; Each apartment measures just over 660 SF; In‑unit washer and dryer in every apartment
