Duplex with Mobile Home
110-114 Indiana Street SE #1-7, Albuquerque, NM 87108
For Sale
$520,000
The updated duplex is accompanied by an owned mobile home and four additional pads.
Property Size2,867 SF
Days on Market281
Property Features for 110-114 Indiana Street SE #1-7
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Mobile Home Lots
Park-Owned Homes
Additional Details
Cap Rate
Amenities
Evaporative Cooling
Electric
Forced Air
Multi Units
Central
Refrigerated
Free-Standing Gas Range
Refrigerator
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
MOLLY MILLER · License #NM
(505) 300-6609
Source:
Kw
Added: Jan 31
Changed: Nov 6
Last Checked: Nov 6 at 12:01PM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1950, the duplex contains two residences: a 1-bedroom, 1.5-bath unit with a walk-in closet and two fireplaces, and a 3-bedroom, 2-bath unit. The property also includes an owned mobile home and four more mobile home pads. The duplex has been updated.
The property is located at 110-114 Indiana Street SE #1-7 in Albuquerque, New Mexico. A 12% cap rate and owner financing are stated as part of the offering.
The property is located at 110-114 Indiana Street SE #1-7 in Albuquerque, New Mexico. A 12% cap rate and owner financing are stated as part of the offering.
Key Highlights
- Updated duplex with 1‑bedroom, 1.5‑bath and 3‑bedroom, 2‑bath units
- One unit includes a walk‑in closet and two fireplaces
- Owned mobile home on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,172
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,440
$523.4K
Cap Rate 7%
$373,886
$373.9K
Cap Rate 9%
$290,800
$290.8K
Market Conditions
NOI Build-Up for 2,867 SF
Gross rent
$39.6K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$37.4K $13.04/SF
− OpEx
−$11.2K −$3.91/SF
NOI
$26.2K $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%
$523,440
Cap Rate 7%
$373,886
Cap Rate 9%
$290,800
Alternative Uses
Best Use
Multifamily LT 5
$373.9K
$327.2K – $436.2K
NOI $26,172 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$346.0K
$302.7K – $403.6K
NOI $24,217 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$693.6K
$606.9K – $809.2K
NOI $48,551 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Albuquerque, NM
Properties on Market for Duplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The updated duplex is accompanied by an owned mobile home and four additional pads.
Where is this duplex located?
The property is located at 110-114 Indiana Street SE #1-7 Albuquerque, NM.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Updated duplex with 1‑bedroom, 1.5‑bath and 3‑bedroom, 2‑bath units; One unit includes a walk‑in closet and two fireplaces; Owned mobile home on the property
