Log Cabin
New
For Sale
$319,900
1133 Louisiana Blvd SE, Albuquerque, NM 87108
Two updated residences feature private laundry, wood-style flooring, and distinct indoor and outdoor living areas.
Property Size1,591 SF
Price / SF$201.07
Days on Market3
Property Features for 1133 Louisiana Blvd SE
General Information
Standard status
Active
Size
1,591 SF
Property subtype
Multi-Family
Building Details
Year Built
1984
Listing Agency:
Merrill Realty Ltd.
(505) 881-2557
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 4:43PM
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 Merrill Realty Ltd.
Investment Insights
Based on property information with market context.
Built in 1984, this log-construction duplex contains two 2-bedroom, 1-bath residences with separate living areas, open kitchens, updated bathrooms, and wood-style flooring. Each unit includes in-unit laundry. The property’s vaulted ceilings and exposed-beam character retain its rustic architectural identity while recent improvements add a more current feel.
The lower residence includes a large private fenced yard with landscaping and an open patio. Five dedicated paved parking spaces serve the property, providing on-site parking for residents and guests. Located at 1133 Louisiana Blvd SE in Albuquerque, the duplex combines a distinctive building design with a two-unit residential configuration.
The lower residence includes a large private fenced yard with landscaping and an open patio. Five dedicated paved parking spaces serve the property, providing on-site parking for residents and guests. Located at 1133 Louisiana Blvd SE in Albuquerque, the duplex combines a distinctive building design with a two-unit residential configuration.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Log construction with vaulted ceilings and exposed‑beam character
- In‑unit laundry in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,524
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,480
$290.5K
Cap Rate 7%
$207,486
$207.5K
Cap Rate 9%
$161,378
$161.4K
Market Conditions
NOI Build-Up for 1,591 SF
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.
Gross rent
$22.0K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$20.7K $13.04/SF
− OpEx
−$6.2K −$3.91/SF
NOI
$14.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,480
Cap Rate 7%
$207,486
Cap Rate 9%
$161,378
Alternative Uses
Best Use
Multifamily LT 5
$207.5K
$181.6K – $242.1K
NOI $14,524 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$192.0K
$168.0K – $224.0K
NOI $13,439 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$384.9K
$336.8K – $449.1K
NOI $26,943 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences feature private laundry, wood-style flooring, and distinct indoor and outdoor living areas.
Where is this duplex located?
The property is located at 1133 Louisiana Blvd SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Log construction with vaulted ceilings and exposed‑beam character; In‑unit laundry in both residences
