Brick
For Sale
$315,000
1133 Georgia St Se, Albuquerque, NM 87108
Tenant-occupied multifamily property with a three-unit configuration near UNM, Kirtland AFB, hospitals, and shopping.
Property Size2,800 SF
Price / SF$112.50
Days on Market501
Property Features for 1133 Georgia St Se
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,109
Building Details
Buildings
1
Construction
solid brick
Tenancy
Multi
Listing Agency:
ERA Summit
(505) 296-1500
Listed By:
Armijo Team
(505) 600-1012
Source:
Exprealty
Added: Jun 10, 2025
Changed: Oct 6
Last Checked: Oct 21 at 12:35AM
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 ERA Summit
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Investment Insights
Based on property information with market context.
This brick multifamily property contains 2,800 square feet arranged as three residential units. Each unit offers two bedrooms and one bathroom, and all three units are currently tenant-occupied.
The property is located at 1133 Georgia St SE in Albuquerque, near the University of New Mexico, Kirtland Air Force Base, hospitals, and shopping. Its existing three-unit layout and current occupancy provide a clear snapshot of the asset’s present residential configuration.
The property is located at 1133 Georgia St SE in Albuquerque, near the University of New Mexico, Kirtland Air Force Base, hospitals, and shopping. Its existing three-unit layout and current occupancy provide a clear snapshot of the asset’s present residential configuration.
Key Highlights
- Three‑unit brick multifamily property totaling 2,800 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- All three units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,560
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,200
$511.2K
Cap Rate 7%
$365,143
$365.1K
Cap Rate 9%
$284,000
$284.0K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$38.6K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$36.5K $13.04/SF
− OpEx
−$11.0K −$3.91/SF
NOI
$25.6K $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%
$511,200
Cap Rate 7%
$365,143
Cap Rate 9%
$284,000
Alternative Uses
Best Use
Multifamily LT 5
$365.1K
$319.5K – $426.0K
NOI $25,560 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$337.9K
$295.6K – $394.2K
NOI $23,651 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$677.4K
$592.7K – $790.3K
NOI $47,416 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
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Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied multifamily property with a three-unit configuration near UNM, Kirtland AFB, hospitals, and shopping.
Where is this triplex located?
The property is located at 1133 Georgia St Se Albuquerque, NM.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑unit brick multifamily property totaling 2,800 square feet; Each unit includes 2 bedrooms and 1 bathroom; All three units are tenant‑occupied
