4-Unit Multifamily
New
For Sale
$575,000
Pending
1109 Coal Avenue Sw, Albuquerque, NM 87102
Two buildings each contain a pair of residences, with a shared courtyard and covered tenant parking.
Property Size2,462 SF
Days on Market7
Property Features for 1109 Coal Avenue Sw
General Information
Standard status
Pending
Size
2,462 SF
Property subtype
Residential Income
Zoning
R-ML*
Site & Location
Neighborhood
Rna
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,038
Amenities
gated front yard
landscaping
private courtyard
covered carport parking
Carpet,Vinyl
true
3
2
4
benmaestas@aol.com
Plans
Option
(800) 799-2820
0.16
Public Records
Landscaping,Patio
2462
Building Details
Building Size
2,462 SF
Year Built
1955
Buildings
2
Stories
1
Listing Agency:
(505) 405-4957
Listed By:
John Sabourin
Source:
Homeauthority
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 31 at 2:44AM
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 John Sabourin
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Investment Insights
Based on property information with market context.
This 2,462-square-foot multifamily property, built in 1955, comprises two separate buildings with two units apiece. Improvements include a replacement roof, HVAC systems, water heaters, appliances, and new stucco; electrical work is underway. The grounds include a gated front yard with landscaping and a courtyard positioned between the buildings. Covered carport parking provides one space for each of the four units.
Key Highlights
- Four units across two separate buildings
- 2,462 square feet; built in 1955
- Replacement roof, HVAC systems, water heaters, appliances, and new stucco
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,796
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,920
$415.9K
Cap Rate 7%
$297,086
$297.1K
Cap Rate 9%
$231,067
$231.1K
Market Conditions
NOI Build-Up for 2,462 SF
Gross rent
$39.9K $16.20/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$37.8K $15.36/SF
− OpEx
−$17.0K −$6.91/SF
NOI
$20.8K $8.45/SF
Area
Albuquerque, NM
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,920
Cap Rate 7%
$297,086
Cap Rate 9%
$231,067
Alternative Uses
Best Use
Apartment 5plus
$297.1K
$260.0K – $346.6K
NOI $20,796 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$595.6K
$521.2K – $694.9K
NOI $41,692 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings each contain a pair of residences, with a shared courtyard and covered tenant parking.
Where is this multifamily property located?
The property is located at 1109 Coal Avenue Sw Albuquerque, NM.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four units across two separate buildings; 2,462 square feet; built in 1955; Replacement roof, HVAC systems, water heaters, appliances, and new stucco
