Duplex and Mobile Home
110-114 Indiana Street SE Albuquerque, NM 87108
110-114 Indiana Street SE, Albuquerque, NM, 87108
$500,000
For Sale
$500,000
MULTI_FAMILY - Albuquerque, NM
Property Size2,867 SF
Lot Size0.16 Acres
Price / SF$174.40
Days on Market192
Property Features for 110-114 Indiana Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 5, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 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
- Forced Air, Central, Electric (Heating)
- 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 agency
Keller Williams Realty
(505) 897-1100
Listed by
Molly L Miller · License #49664
(505) 300-6609
Added: Jan 12 Updated: Jul 21 at 10:06PM Checked: Jul 23 at 1:06AM
MLS# 1097526
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 multifamily/residential income property includes an updated duplex with a 1BR/1.5BA unit featuring a walk-in closet and two fireplaces, along with a separate 3BR/2BA unit. The parcel also includes an owned mobile home and four additional mobile home pads, with expansion potential noted in the remarks.
The property is located at 110-114 Indiana Street SE in Albuquerque, New Mexico (87108). The listing notes a 12% cap rate and states that owner financing is available.
The configuration provides multiple on-site revenue sources through the duplex units and the mobile home pads, all on a single lot sized at approximately 0.16 acres.
The property is located at 110-114 Indiana Street SE in Albuquerque, New Mexico (87108). The listing notes a 12% cap rate and states that owner financing is available.
The configuration provides multiple on-site revenue sources through the duplex units and the mobile home pads, all on a single lot sized at approximately 0.16 acres.
Key Highlights
- Investment property with 12% cap rate and owner financing available (per public remarks)
- Multiple income sources on one parcel: updated duplex, an owned mobile home, and four additional mobile home pads
- Duplex unit mix includes a 1BR/1.5BA unit with walk‑in closet and two fireplaces, plus a 3BR/2BA unit
Local Financial Insights For Apartment 5plus
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 | $46.4k | $16.20 |
| − Vacancy | −$2.4k | −$0.84 |
| EGI | $44.0k | $15.36 |
| − OpEx | −$19.8k | −$6.91 |
| NOI | $24.2k | $8.45 |
2,867 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$346.0K
$302.7K – $403.6K
NOI $24,217 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Updated duplex plus an owned mobile home and four mobile home pads on one parcel in Albuquerque, NM.
Where is this mobile home & rv park 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: Investment property with 12% cap rate and owner financing available (per public remarks); Multiple income sources on one parcel: updated duplex, an owned mobile home, and four additional mobile home pads; Duplex unit mix includes a 1BR/1.5BA unit with walk‑in closet and two fireplaces, plus a 3BR/2BA unit
