Log-Construction
New
For Sale
$319,900
1133 Louisiana Boulevard SE, Albuquerque, NM 87108
ResidentialIncome, Albuquerque, NM
Property Size1,591 SF
Lot Size0.12 Acres
Price / SF$201.07
Days on Market2
Property Features for 1133 Louisiana Boulevard SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
C-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking
5
Patio and Porch features
Patio
Exterior features
Landscaping, Patio
Appliances
Dryer, Dishwasher, FreeStandingElectricRange, Disposal, Refrigerator, Washer
Subdivision
Elder Homestead Add
Directions
South on Louisiana towards Gibson, Home is on the right immediately beforethe Gibson/Louisiana intersection
Standard status
Active
APN
101805651902240803
Size
1,591 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
1951
Utilities
Heating system
Forced Air, Central
Amenities
in-unit laundry
private fenced yard
open patio
Building Details
Year built
1984
Floors in Building
2
Number of units
2
Flooring type
Laminate, Carpet, Tile
Building materials
Log
Listing Agency:
Keller Williams Realty
(505) 375-2062
Listed By:
Medina Real Estate Inc
(505) 375-2062
Added: Aug 31
Last Checked: Sep 1 at 11:06AM
MLS# 1110170
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 1,591-square-foot duplex in Albuquerque contains two 2-bedroom, 1-bath residences within a distinctive log-built structure completed in 1984. Each unit includes an open kitchen, updated bathroom, in-unit washer and dryer, and a combination of laminate, carpet, and tile flooring. Forced-air heating and central systems serve the property, while appliances include ranges, refrigerators, dishwashers, disposals, and laundry equipment.
The lower residence has access to a private fenced yard with landscaping and an open patio. Five dedicated paved parking spaces support the property on its 0.12-acre lot. Located at 1133 Louisiana Boulevard SE, the duplex combines separate residential layouts with an architectural character that differs from conventional multifamily construction.
The lower residence has access to a private fenced yard with landscaping and an open patio. Five dedicated paved parking spaces support the property on its 0.12-acre lot. Located at 1133 Louisiana Boulevard SE, the duplex combines separate residential layouts with an architectural character that differs from conventional multifamily construction.
Key Highlights
- Two 2‑bedroom, 1‑bath units totaling 1,591 square feet
- Log construction with vaulted and open‑beam character; built in 1984
- Lower unit includes a private fenced yard, landscaping, and open patio
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
Lease Details
2
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer in-unit laundry, wood-style flooring, and dedicated paved parking.
Where is this duplex located?
The property is located at 1133 Louisiana Boulevard 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 totaling 1,591 square feet; Log construction with vaulted and open‑beam character; built in 1984; Lower unit includes a private fenced yard, landscaping, and open patio
