Updated Duplex with Mobile Home
For Sale
$500,000
110-114 Indiana Street Se 1-7, Albuquerque, NM 87108
Residential income property with an updated duplex, owned mobile home, and additional pad capacity.
Property Size2,867 SF
Price / SF$174.40
Days on Market22
Property Features for 110-114 Indiana Street Se 1-7
General Information
Standard status
Active
Size
2,867 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1.5BA, 1 x 3BR/2BA
Multifamily Units
3
Additional Details
Cap Rate
12%
Building Details
Year Built
1950
Listing Agency:
Keller Williams Realty
Listed By:
Molly L Miller · License #49664
(505) 300-6609
Source:
Thesouthwestlife
Added: Sep 16
Changed: Oct 3
Last Checked: Oct 5 at 7:33PM
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
Investment Insights
Based on property information with market context.
This residential income property combines an updated duplex with an owned mobile home and four additional mobile home pads on one parcel. The duplex includes a 1BR/1.5BA unit with a walk-in closet and two fireplaces, along with a separate 3BR/2BA unit. The property was built in 1950 and is located at 110-114 Indiana Street SE 1-7 in Albuquerque, New Mexico.
The site includes expansion potential through its four existing mobile home pads. The property carries a 12% cap rate, and owner financing is available.
The site includes expansion potential through its four existing mobile home pads. The property carries a 12% cap rate, and owner financing is available.
Key Highlights
- 12% cap rate
- Updated duplex with 1BR/1.5BA and 3BR/2BA units
- 1BR/1.5BA 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.
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with an updated duplex, owned mobile home, and additional pad capacity.
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 $500,000.
What are key features of this property?
This property features: 12% cap rate; Updated duplex with 1BR/1.5BA and 3BR/2BA units; 1BR/1.5BA unit includes a walk‑in closet and two fireplaces
