4-Unit Apartment
For Sale
$360,000
123 General Arnold St NE, Albuquerque, NM 87123
Each residence provides a two-bedroom, one-bath layout, with individual utility metering offering an option to separate services.
Property SizeContact for details
Days on Market176
Property Features for 123 General Arnold St NE
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
MX-T
Net Operating Income
$33,257
Financials
Cap Rate
9.24%
Gross Rent Multiplier
7.6
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Building Details
Buildings
1
Listing Agency:
Keyway Properties, Inc.
(505) 903-2040
Listed By:
Angelo Mora · License #REC20230254
(505) 903-2040
Source:
Carnm.resimplifi
Added: Mar 6
Changed: Aug 29
Last Checked: Aug 29 at 4:32PM
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 Keyway Properties, Inc.
Investment Insights
Based on property information with market context.
This quadplex contains four residential apartments, each configured with two bedrooms and one bathroom. The building has individual gas and electric meters, while utilities are currently included for tenants participating in subsidized housing programs. MX-T zoning is identified for the property.
The property is situated in an established rental area surrounded by other multifamily properties. Reported operating metrics include a 9.24% cap rate, 13% cash-on-cash return, and 7.6 GRM. The property is offered in as-is condition. Tenant contact is restricted, and walkthroughs are not permitted until earnest money has been delivered to title; inspections are for buyer knowledge only.
The property is situated in an established rental area surrounded by other multifamily properties. Reported operating metrics include a 9.24% cap rate, 13% cash-on-cash return, and 7.6 GRM. The property is offered in as-is condition. Tenant contact is restricted, and walkthroughs are not permitted until earnest money has been delivered to title; inspections are for buyer knowledge only.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bathroom
- Current cap rate: 9.24%
- Current cash‑on‑cash return: 13%
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
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 - Each residence provides a two-bedroom, one-bath layout, with individual utility metering offering an option to separate services.
Where is this quadplex located?
The property is located at 123 General Arnold St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bathroom; Current cap rate: 9.24%; Current cash‑on‑cash return: 13%
