Single-Story Fourplex with
For Sale
$560,000
12129 Menaul Boulevard 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$182.29
Days on Market49
Property Features for 12129 Menaul Boulevard NE
General Information
Standard status
Active
Size
3,072 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
onsite laundry facilities
Building Details
Year Built
1981
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty
Listed By:
Brooks Real Estate Group
(505) 977-3474
Source:
Thesouthwestlife
Added: Aug 20
Changed: Sep 10
Last Checked: Oct 5 at 8:18PM
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 / Yr
$28,043
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
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
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 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 5.01%
Second Best
Apartment 5plus
$370.7K
$324.4K – $432.5K
NOI $25,948 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$743.2K
$650.3K – $867.0K
NOI $52,022 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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 Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $560,000.
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
