Quadplex with Private
For Sale
$575,000
1216 Coal Avenue SW, Albuquerque, NM 87102
ResidentialIncome, Albuquerque, NM
Property Size3,000 SF
Lot Size0.16 Acres
Price / SF$191.67
Days on Market13
Property Features for 1216 Coal Avenue SW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-ML*
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1
Parking
4
Security features
Security
Patio and Porch features
Patio
Interior features
CeilingFans
Exterior features
Patio
Appliances
FreeStandingGasRange, Refrigerator, RangeHood
Subdivision
Downtown Zoo ACC
Directions
From Coal and 13th east to address.
Standard status
Active
APN
101305736332810810
Size
3,000 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
11039
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Amenities
private patios
Building Details
Year built
1941
Floors in Building
1
Number of units
4
Flooring type
Wood
Building materials
Block, Concrete
Listing Agency:
RE/MAX SELECT · RE/MAX International
(505) 265-5111
Listed By:
Lisa Parker · License #30211
(505) 220-7068
Added: Aug 17
Changed: Aug 23
Last Checked: Aug 29 at 7:06AM
MLS# 1109687
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 3,000-square-foot quadplex contains four one-bedroom, one-bath units on a 0.16-acre parcel. Each residence includes a small private patio, while interior features include wood flooring and ceiling fans. The property was built in 1941 with block and concrete construction, forced-air heating, and gas ranges, refrigerators, and range hoods. Units are described as being in average cosmetic condition, with multiple capital improvements completed. Three longtime tenants currently occupy the property under month-to-month leases.
The address is positioned near downtown Albuquerque, with cafes and restaurants, the farmers market, Old Town, Tingley Beach, Rio Grande Pool & Park, the Zoo, and ACC identified as nearby destinations. The property also provides access to the trail system along the Rio Grande Bosque for bicycle travel.
The address is positioned near downtown Albuquerque, with cafes and restaurants, the farmers market, Old Town, Tingley Beach, Rio Grande Pool & Park, the Zoo, and ACC identified as nearby destinations. The property also provides access to the trail system along the Rio Grande Bosque for bicycle travel.
Key Highlights
- Four one‑bedroom, one‑bath units
- 3,000 square feet on a 0.16‑acre parcel
- Small private patio assigned to each unit
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
$27,386
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
4.76%
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%
$547,720
$547.7K
Cap Rate 7%
$391,229
$391.2K
Cap Rate 9%
$304,289
$304.3K
Market Conditions
NOI Build-Up for 3,000 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
$41.4K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$39.1K $13.04/SF
− OpEx
−$11.7K −$3.91/SF
NOI
$27.4K $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%
$547,720
Cap Rate 7%
$391,229
Cap Rate 9%
$304,289
Alternative Uses
Best Use
Multifamily LT 5
$391.2K
$342.3K – $456.4K
NOI $27,386 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$362.0K
$316.8K – $422.3K
NOI $25,340 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
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?
Quadplex - Four residential units feature one-bedroom layouts, individual patios, and proximity to downtown Albuquerque amenities.
Where is this quadplex located?
The property is located at 1216 Coal Avenue SW 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 one‑bedroom, one‑bath units; 3,000 square feet on a 0.16‑acre parcel; Small private patio assigned to each unit
