Duplex with Mobile Home
For Sale
$500,000
110-114 Indiana Street Southeast Unit 17, Albuquerque, NM 87108
The property combines a two-unit residence with an owned mobile home and additional sites for mobile homes.
Property Size2,867 SF
Price / SF$174.40
Days on Market284
Property Features for 110-114 Indiana Street Southeast Unit 17
General Information
Standard status
Active
Size
2,867 SF
Property subtype
Residential Income / Multi Family
Site & Location
Neighborhood
Ssp
Taxes and HOA fees
Annual Taxes
$1,696
Amenities
Evaporative Cooling, Multi Units, Refrigerated
Central, Electric, Forced Air
Laminate, Tile
Free Standing Gas Range, Refrigerator
Yes
No
6
Washer Hookup, Dryer Hookup, Electric Dryer Hookup, In Unit
Option
5
1
Lighting
Playground
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Molly L Miller · License #49664
(505) 300-6609
Source:
Compass
Added: Jan 27
Changed: Nov 5
Last Checked: Nov 4 at 2:41PM
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.
The 2,867-square-foot property includes an updated duplex, an owned mobile home, and four mobile home pads. One duplex apartment has 1 bedroom, 1.5 bathrooms, a walk-in closet, and two fireplaces; the other offers 3 bedrooms and 2 bathrooms. The building dates to 1950.
The property is at 110-114 Indiana Street Southeast in Albuquerque, New Mexico. A 12% cap rate and owner financing are noted.
The property is at 110-114 Indiana Street Southeast in Albuquerque, New Mexico. A 12% cap rate and owner financing are noted.
Key Highlights
- 2,867‑square‑foot property
- Updated duplex with 1‑bedroom/1.5‑bath and 3‑bedroom/2‑bath units
- First unit includes a walk‑in closet and two fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,172
Cap Rate
5.23%
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 5.23%
Second Best
Apartment 5plus
$346.0K
$302.7K – $403.6K
NOI $24,217 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$693.6K
$606.9K – $809.2K
NOI $48,551 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property combines a two-unit residence with an owned mobile home and additional sites for mobile homes.
Where is this duplex located?
The property is located at 110-114 Indiana Street Southeast Unit 17 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: 2,867‑square‑foot property; Updated duplex with 1‑bedroom/1.5‑bath and 3‑bedroom/2‑bath units; First unit includes a walk‑in closet and two fireplaces
