11009 Towner Avenue NE, Albuquerque, NM 87112
MULTI_FAMILY - Albuquerque, NM
- Added:
- Jan 19, 2026
- Days on Market:
- 170
- Last Refresh:
- Jul 8 at 11:06 am
Property Features for 11009 Towner Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 1
- Parking
- 6
- Appliances
- Dishwasher, FreeStandingElectricRange, Refrigerator
- Standard status
- Active
- APN
- 102105944924442318
- Size
- 3,080 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3731
Utilities
- Heating system
- Central, Forced Air
Building Details
- Year built
- 1972
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Tile
- Building materials
- Brick, Frame, Stucco
Listing agent Nathan Louis Boitano License #REC-2025-0807 (505) 301-4170
Listing office RE/MAX SELECT 8300 Carmel Ave NE Suite 203, Albuquerque, NM (505) 798-1000
Listing date Jan 19, 2026
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.
HighLights
- Well‑maintained 4‑plex in NE Heights: 1 unit vacant and 3 units occupied
- Unit mix: (2) 2 bed 1 bath and (2) 1 bed 1 bath
- Utilities setup: individually metered for electric; master meter for gas and water/sewer
- Year built 1972 with brick, frame, and stucco construction materials
- Central forced‑air heating system
- Projected 6% CAP rate based on provided income projection
Overview
Located in the Northeast Heights area of Albuquerque, the property is described as having a central location. The parcel size is listed at 0.14 acres, and the building size is listed at 3,080 square feet.
For buyers, this unit mix supports a range of household sizes, with both 1-bedroom and 2-bedroom layouts available in the same building. The seller’s remarks indicate one vacancy and three occupied units, and also reference a projected 6% cap rate and a highly rentable area. With separately metered electric and resident-oriented outdoor and parking amenities, the property is set up for day-to-day operational practicality and straightforward tenant transition in the currently vacant unit.
Local Financial Insights For Multifamily LT 5
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 | $42.5k | $13.80 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $40.2k | $13.04 |
| − OpEx | −$12.0k | −$3.91 |
| NOI | $28.1k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.518118
- Latitude
- 35.108125
