Multifamily Property with Strong
For Sale
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1225 1237 Menaul Blvd NW Albuquerque, Albuquerque, NM 87107
Fully occupied multifamily property with renovated units and rent upside.
Property Size6,800 SF
Price / SF$165.44
Days on Market127
Property Features for 1225 1237 Menaul Blvd NW Albuquerque
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Multifamily
Building Details
Year Built
1980
Listing Agency:
NAI Sun Vista
(505) 878-0001
Listed By:
Luke Scarpa · License #REC-2023-0302
Source:
Crexi
Added: Mar 27
Changed: Jul 6
Last Checked: Jul 30 at 4:58PM
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 NAI Sun Vista
Investment Insights
Based on property information with market context.
This multifamily property, 100% occupied as of March 2026, features recently renovated units. Each unit includes refrigerated air, in-unit washer/dryer hookups, and balconies/patios. The property consists entirely of two-bedroom, one-bath units. It offers strong rent upside and a pro forma cap rate of 6.16%. The property is located in close proximity to I-40 and the Indian Pueblo Cultural Center. The property size is 6,800 square feet.
Key Highlights
- 6.16% Pro Forma Cap Rate
- 100% Occupied as of March 2026
- Strong Rent Upside
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.2k | $16.20 |
| − Vacancy | −$5.7k | −$0.84 |
| EGI | $104.4k | $15.36 |
| − OpEx | −$47.0k | −$6.91 |
| NOI | $57.4k | $8.45 |
6,800 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$820.5K
$718.0K – $957.3K
NOI $57,437 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,154 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
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?
Apartment building - Fully occupied multifamily property with renovated units and rent upside.
Where is this apartment building located?
The property is located at 1225 1237 Menaul Blvd NW Albuquerque Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 6.16% Pro Forma Cap Rate; 100% Occupied as of March 2026; Strong Rent Upside
