Four-Plex Investment
For Sale
$479,990
11013 Towner Avenue NE, Albuquerque, NM 87112
MULTI_FAMILY - Albuquerque, NM
Property Size3,080 SF
Lot Size0.14 Acres
Price / SF$155.84
Days on Market193
Property Features for 11013 Towner Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-MH*
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2
Parking
6
Appliances
Dishwasher, FreeStandingElectricRange, Refrigerator
Subdivision
Snow Heights
Directions
South on Juan Tabo past Indian School, first turn (west) on Towner. Property on right.
Standard status
Active
APN
102105945424442319
Size
3,080 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
3827
Utilities
Heating system
Forced Air, Central
Building Details
Year built
1972
Floors in Building
2
Number of units
4
Flooring type
Carpet, Tile
Building materials
Brick, Frame, Stucco
Listing Agency:
RE/MAX SELECT · RE/MAX International
(505) 798-1000
Listed By:
Nathan Louis Boitano · License #REC-2025-0807
(505) 301-4170
Added: Jan 19
Changed: Jul 30
Last Checked: Jul 31 at 1:06AM
MLS# 1102911
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 well-maintained four-plex includes four residential units: two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. All units are currently occupied. The property also features individually metered electricity and a master meter for gas and water/sewer, supporting straightforward utility management.
The building is located in the NE Heights area of Albuquerque, NM. Tenants have access to a grassy, tree-covered courtyard area and private parking spots.
With a mix of unit sizes and the current occupancy status, the property presents a practical, income-oriented rental setup in a highly rentable area.
The building is located in the NE Heights area of Albuquerque, NM. Tenants have access to a grassy, tree-covered courtyard area and private parking spots.
With a mix of unit sizes and the current occupancy status, the property presents a practical, income-oriented rental setup in a highly rentable area.
Key Highlights
- Well‑maintained 4‑plex with all units currently occupied
- Unit mix: two 2 bed / 1 bath units and two 1 bed / 1 bath units
- Individually metered for electric; master meter for gas and water/sewer
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 |
3,080 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.7K
$351.5K – $468.6K
NOI $28,116 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$371.7K
$325.2K – $433.6K
NOI $26,016 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$745.1K
$652.0K – $869.3K
NOI $52,158 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Explore this area
Business Placement
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
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?
Quadplex - Well-maintained four-plex with two 2-bedroom and two 1-bedroom units, all currently occupied.
Where is this quadplex located?
The property is located at 11013 Towner Avenue NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $479,990.
What are key features of this property?
This property features: Well‑maintained 4‑plex with all units currently occupied; Unit mix: two 2 bed / 1 bath units and two 1 bed / 1 bath units; Individually metered for electric; master meter for gas and water/sewer
