Updated Quadplex with Private
For Sale
$514,500
1005 Carlisle Boulevard SE, Albuquerque, NM 87106
ResidentialIncome, Albuquerque, NM
Property Size2,640 SF
Lot Size0.10 Acres
Price / SF$194.89
Days on Market169
Property Features for 1005 Carlisle Boulevard SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-MH*
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Parking
8
Patio and Porch features
Patio
Exterior features
Patio
Appliances
Dryer, FreeStandingElectricRange, Washer
Directions
From Gibson and Carlisle: North to Property. 1005 Carlisle is just south of the SW corner of Smith and Carlisle. Property faces East.
Subdivision
42 - UNM South
Standard status
Active
APN
101605651922241513
Size
2,640 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
4483
Amenities
in-unit washer/dryer
private yard spaces
Building Details
Year built
1962
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Building materials
Frame, Stucco
Listing Agency:
Deacon Property Services
Listed By:
Kyle E Deacon · License #15579
(505) 878-0100
Added: May 8
Changed: Oct 19
Last Checked: Oct 23 at 5:06AM
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 2,640-square-foot quadplex contains four updated apartments, each arranged as a 1-bedroom, 1-bath residence measuring just over 660 SF. The 1962 building combines preserved vintage character with refreshed fixtures, finishes, vinyl flooring, and in-unit washer and dryer appliances. Each apartment also includes a private yard space, while the property offers patio features and frame-and-stucco construction. A new roof was installed in 2025.
Located at 1005 Carlisle Boulevard SE in Albuquerque, the property is within walking distance of Castle Coffee, theSource Community Center, a community garden, and multiple neighborhood parks. UNM, CNM, Kirtland Air Force Base, Albuquerque International Sunport, and I-25 are minutes away. The 0.1-acre parcel is in the Knob Heights Neighborhood on the south side of Ridgecrest.
Located at 1005 Carlisle Boulevard SE in Albuquerque, the property is within walking distance of Castle Coffee, theSource Community Center, a community garden, and multiple neighborhood parks. UNM, CNM, Kirtland Air Force Base, Albuquerque International Sunport, and I-25 are minutes away. The 0.1-acre parcel is in the Knob Heights Neighborhood on the south side of Ridgecrest.
Key Highlights
- Four 1‑bedroom, 1‑bath apartments
- 2,640 SF building on a 0.1‑acre lot
- Each apartment measures just over 660 SF
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.
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Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four modernized apartments feature private outdoor areas, in-unit laundry, and refreshed fixtures and finishes.
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 1‑bedroom, 1‑bath apartments; 2,640 SF building on a 0.1‑acre lot; Each apartment measures just over 660 SF
