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    Albuquerque Multifamily Investment Opportunity

    110-114 Indiana Street SE Albuquerque, NM 87108

    110-114 Indiana Street SE, Albuquerque, NM, 87108
    $500,000
    For Sale
    Claim this Listing
    $500,000

    MULTI_FAMILY - Albuquerque, NM

    Property Size2,867 SF
    Lot Size0.16 Acres
    Price / SF$174.40
    AddedJan 12
    Days on Market184
    Last RefreshJul 15 at 10:06 pm

    Property Features for 110-114 Indiana Street SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2
    Exterior features
    Lighting
    Fireplace
    1
    Appliances
    FreeStandingGasRange, Refrigerator
    Standard status
    Active
    APN
    101805747109641601
    Size
    2,867 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1696

    Utilities

    Heating system
    Electric (Heating), Central, Forced Air
    Cooling system
    Multi Units

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    7
    Flooring type
    Tile, Laminate
    Building materials
    Frame, Stucco

    Listing agent Molly L Miller License #49664

    Listing office Keller Williams Realty 6240 Riverside Plaza NW #100, Albuquerque, NM

    Listing date Jan 12, 2026

    MLS# 1097526 Listing URL

    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 income-producing multifamily property in Albuquerque, New Mexico, presents a high-yield investment opportunity with a 12% cap rate and potential for owner financing. Situated on a 0.16-acre lot, the property includes an updated duplex, an owned mobile home, and four additional mobile home pads, offering multiple revenue streams on one parcel. The duplex features a one-bedroom, one-and-a-half-bathroom unit with a walk-in closet and two fireplaces, as well as a three-bedroom, two-bathroom unit. The property, totaling 2867 square feet, offers expansion potential with the additional mobile home pads. This property is ideal for investors seeking immediate cash flow with future upside.

    Key Highlights

    • Includes an updated duplex: a 1BR/1.5BA unit with walk‑in closet plus two fireplaces
    • Second duplex unit offers 3BR/2BA layout
    • Additional income sources on one parcel: an owned mobile home plus four additional mobile home pads

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $39.6k $13.80
    − Vacancy −$2.2k −$0.76
    EGI $37.4k $13.04
    − OpEx −$11.2k −$3.91
    NOI $26.2k $9.13
    2,867 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $373.9K
    $327.2K – $436.2K (±1% cap)
    NOI $26,172 @ 7.0% cap · market cap 5.23%
    Second Best
    Apartment 5plus
    $346.0K
    $302.7K – $403.6K (±1% cap)
    NOI $24,217 @ 7.0% cap · market cap 4.84%
    Theoretical Best
    Office A
    $693.6K
    $606.9K – $809.2K (±1% cap)
    NOI $48,551 @ 7.0% cap · market cap 9.71%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Building Supply Parking Lot & Garage Skin Care Clinic HVAC Service Cafe & Coffee Shop Pharmacy Big Box & Wholesale Store Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Multifamily property - High-yield investment with owner financing and expansion potential.
    Where is this multifamily property located?
    The property is located at 110-114 Indiana Street SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Includes an updated duplex: a 1BR/1.5BA unit with walk‑in closet plus two fireplaces; Second duplex unit offers 3BR/2BA layout; Additional income sources on one parcel: an owned mobile home plus four additional mobile home pads
    Contact an agent
    (505) 300-6609
    We can help!
    Contact an agent
    Molly L Miller
    Real Estate License ID: 49664
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