Single-Story Fourplex with
For Sale
$575,000
12129 Menaul Blvd Ne, Albuquerque, NM 87112
Four two-bedroom units offer efficient layouts, onsite laundry, and convenient access to shopping, dining, and transit.
Property Size3,072 SF
Price / SF$187.17
Days on Market68
Property Features for 12129 Menaul Blvd Ne
General Information
Standard status
Active
Size
3,072 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,879
Amenities
onsite laundry facilities
Building Details
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty
(505) 977-3474
Listed By:
Brooks Real Estate Group
(505) 977-3474
Source:
Exprealty
Added: Jun 16
Changed: Aug 21
Last Checked: Aug 22 at 9:11AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This single-story quadplex at 12129 Menaul Blvd NE in Albuquerque includes four two-bedroom, one-bath units, each approximately 750 square feet. The property measures 3,072 square feet and sits on a prominent corner lot. Unit 1 has been updated, while onsite laundry facilities and ample off-street parking serve the residents.
The property is positioned near shopping, dining, public transportation, hiking trails, and major commuter routes. Its four-unit configuration provides consistent residential income use, with the existing unit layouts and recent update clearly defined within the property.
The property is positioned near shopping, dining, public transportation, hiking trails, and major commuter routes. Its four-unit configuration provides consistent residential income use, with the existing unit layouts and recent update clearly defined within the property.
Key Highlights
- Four 2‑bedroom, 1‑bath units, each approximately 750 square feet
- 3,072‑square‑foot single‑story quadplex
- Prominent corner‑lot setting at 12129 Menaul Blvd NE
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
$28,043
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
4.88%
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%
$560,860
$560.9K
Cap Rate 7%
$400,614
$400.6K
Cap Rate 9%
$311,589
$311.6K
Market Conditions
NOI Build-Up for 3,072 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
$42.4K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$40.1K $13.04/SF
− OpEx
−$12.0K −$3.91/SF
NOI
$28.0K $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%
$560,860
Cap Rate 7%
$400,614
Cap Rate 9%
$311,589
Alternative Uses
Best Use
Multifamily LT 5
$400.6K
$350.5K – $467.4K
NOI $28,043 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$370.7K
$324.4K – $432.5K
NOI $25,948 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$743.2K
$650.3K – $867.0K
NOI $52,022 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
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?
Quadplex - Four two-bedroom units offer efficient layouts, onsite laundry, and convenient access to shopping, dining, and transit.
Where is this quadplex located?
The property is located at 12129 Menaul Blvd Ne 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 2‑bedroom, 1‑bath units, each approximately 750 square feet; 3,072‑square‑foot single‑story quadplex; Prominent corner‑lot setting at 12129 Menaul Blvd NE
