Updated Duplex with
For Sale
$435,000
Pending
1100 Dartmouth Dr, Albuquerque, NM 87106
Flexible two-part property with refreshed systems, separate living quarters, and proximity to UNM North Campus.
Property Size1,849 SF
Days on Market51
Property Features for 1100 Dartmouth Dr
General Information
Standard status
Pending
Size
1,849 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
Keller Williams Realty
Listed By:
Brooks Real Estate Group
(505) 977-3474
Source:
Findalbuquerqueproperties
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 16 at 8:57AM
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
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Investment Insights
Based on property information with market context.
This 1950-built duplex offers approximately 1,849 square feet of heated living space across a main residence and a separate casita. The main home includes updated interior and exterior finishes, replacement windows, a newer roof, refrigerated-air HVAC, water heaters, and refreshed primary and hall bathrooms. The 1,395-square-foot main residence is complemented by a 454-square-foot casita with its own kitchen, three-quarter bathroom, and separate laundry area.
Located in Summit Park near UNM North Campus, the property combines an updated residential presentation with a distinct secondary living component. The casita can accommodate guests, extended family, office use, studio activities, or other flexible needs as supported by the existing layout.
Located in Summit Park near UNM North Campus, the property combines an updated residential presentation with a distinct secondary living component. The casita can accommodate guests, extended family, office use, studio activities, or other flexible needs as supported by the existing layout.
Key Highlights
- Approximately 1,849 square feet of heated living space
- Main residence measures approximately 1,395 square feet; casita measures 454 square feet
- Casita includes a kitchen, 3/4 bathroom, and separate laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,879
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,580
$337.6K
Cap Rate 7%
$241,129
$241.1K
Cap Rate 9%
$187,544
$187.5K
Market Conditions
NOI Build-Up for 1,849 SF
Gross rent
$25.5K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$24.1K $13.04/SF
− OpEx
−$7.2K −$3.91/SF
NOI
$16.9K $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%
$337,580
Cap Rate 7%
$241,129
Cap Rate 9%
$187,544
Alternative Uses
Best Use
Multifamily LT 5
$241.1K
$211.0K – $281.3K
NOI $16,879 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$223.1K
$195.2K – $260.3K
NOI $15,618 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$447.3K
$391.4K – $521.9K
NOI $31,312 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Flexible two-part property with refreshed systems, separate living quarters, and proximity to UNM North Campus.
Where is this duplex located?
The property is located at 1100 Dartmouth Dr Albuquerque, NM.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Approximately 1,849 square feet of heated living space; Main residence measures approximately 1,395 square feet; casita measures 454 square feet; Casita includes a kitchen, 3/4 bathroom, and separate laundry
