Fourplex with Private
1109 Coal Avenue SW, Albuquerque, NM 87102
For Sale
$575,000
Pending
Residential Income, Albuquerque, NM
Property Size2,462 SF
Lot Size0.16 Acres
Days on Market187
Property Features for 1109 Coal Avenue SW
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
gated front yard
landscaping
private courtyard
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 292-8900
Listed By:
Dasi Amedi · License NM REC20240579
(505) 803-2190
Added: May 8
Changed: Nov 9
Last Checked: Nov 10 at 5:06AM
MLS# 1103607
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Albuquerque fourplex contains 2,462 square feet across two buildings, each with two units. Built in 1955, the property occupies 0.16 acres and is zoned R-ML*. A private courtyard sits between the buildings, while the front yard is gated and landscaped. Covered carport parking provides one space for each tenant.
Recent property work includes a new roof, HVAC systems, water heaters, appliances, and fresh stucco. Electrical upgrades are underway. The property is located at 1109 Coal Avenue SW in Albuquerque.
Recent property work includes a new roof, HVAC systems, water heaters, appliances, and fresh stucco. Electrical upgrades are underway. The property is located at 1109 Coal Avenue SW in Albuquerque.
Key Highlights
- Four units across two separate buildings
- 2,462 square feet on a 0.16‑acre lot
- R‑ML* zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,475
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,500
$449.5K
Cap Rate 7%
$321,071
$321.1K
Cap Rate 9%
$249,722
$249.7K
Market Conditions
NOI Build-Up for 2,462 SF
Gross rent
$34.0K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$32.1K $13.04/SF
− OpEx
−$9.6K −$3.91/SF
NOI
$22.5K $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%
$449,500
Cap Rate 7%
$321,071
Cap Rate 9%
$249,722
Alternative Uses
Best Use
Multifamily LT 5
$321.1K
$280.9K – $374.6K
NOI $22,475 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$297.1K
$260.0K – $346.6K
NOI $20,796 @ 7.0% cap · market cap 3.62%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
$174,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings provide four residential units, with covered carport parking assigned to each tenant.
Where is this quadplex 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 on a 0.16‑acre lot; R‑ML* zoning
