Duplex with Updated
For Sale
$435,000
1100 Dartmouth Drive NE, Albuquerque, NM 87106
ResidentialIncome, Albuquerque, NM
Property Size1,849 SF
Lot Size0.15 Acres
Price / SF$235.26
Days on Market47
Property Features for 1100 Dartmouth Drive NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-1B*
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2
Parking
2
Appliances
Dryer, FreeStandingGasRange, Microwave, Refrigerator, Washer
Subdivision
Vista Add
Directions
Take exit 225 toward Lomas BoulevardMerge onto Frontage Rd SUse the left 2 lanes to turn left onto Lomas Blvd NETurn left onto Girard Blvd NEContinue on Mountain Rd NE. Drive to Dartmouth Dr NE
Standard status
Active
APN
101605829720341819
Size
1,849 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
3518
Utilities
Heating system
Forced Air, Central
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Carpet, Wood
Building materials
Frame, Stucco
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Brooks Real Estate Group
(505) 977-3474
Added: Aug 12
Changed: Sep 26
Last Checked: Sep 27 at 1:06AM
MLS# 1109873
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 1950-built duplex includes a main home and a separate casita, with approximately 1,849 square feet of heated living area in total. The main residence accounts for approximately 1,395 square feet, while the 454-square-foot casita has its own kitchen, 3/4 bathroom, and laundry. Improvements include updated interior and exterior paint, windows, HVAC with refrigerated air, water heaters, and both bathrooms; the roof is newer. The property also has a front porch and a 0.15-acre lot.
The Albuquerque property is near UNM North Campus. Interior finishes include carpet and wood flooring, and the listed appliances include a washer, dryer, gas range, microwave, and refrigerator.
The Albuquerque property is near UNM North Campus. Interior finishes include carpet and wood flooring, and the listed appliances include a washer, dryer, gas range, microwave, and refrigerator.
Key Highlights
- Separate 454‑square‑foot casita with kitchen, 3/4 bathroom, and laundry
- Approximately 1,849 square feet of heated living space: 1,395 in the main home and 454 in the casita
- Updated HVAC with refrigerated air, windows, water heaters, paint, and both bathrooms; newer roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,879
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - A separate casita adds a kitchen, laundry, and flexible living space alongside the main residence.
Where is this duplex located?
The property is located at 1100 Dartmouth Drive NE 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: Separate 454‑square‑foot casita with kitchen, 3/4 bathroom, and laundry; Approximately 1,849 square feet of heated living space: 1,395 in the main home and 454 in the casita; Updated HVAC with refrigerated air, windows, water heaters, paint, and both bathrooms; newer roof
