12404 Rosemont Avenue NE, Albuquerque, NM 87112
MULTI_FAMILY - Albuquerque, NM
- Added:
- Apr 23, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 15 at 2:06 am
Property Features for 12404 Rosemont Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 2, Bedroom 5, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 6, Bedroom 1, Bathroom 1
- Parking
- 6
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 102205817817030917
- Size
- 3,700 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Lot 8, Block 8, Royal Heights
- Tax Annual Amount
- 3587
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1973
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
Listing agent Todd D Clarke License #13711 (505) 440-8633
Listing office NM Apartment Advisors, Inc. 524 Central Ave. SW Suite 801, Albuquerque, NM (505) 440-8633
Listing date Apr 23, 2026
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.
HighLights
- Strong investment metrics: 8.52% cap rate and 17.7% IRR after tax.
- High average rent of $1,118.
- Feels more like housing than apartments, a feature valued by residents.
- Gross Rent Multiplier (GRM) of 8.29.
- Includes Refrigerator.
- Features multiple bedrooms and bathrooms (6 bedrooms, 6 bathrooms).
Overview
Local Financial Insights For Multifamily LT 5
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 | $51.1k | $13.80 |
| − Vacancy | −$2.8k | −$0.76 |
| EGI | $48.3k | $13.04 |
| − OpEx | −$14.5k | −$3.91 |
| NOI | $33.8k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.509324
- Latitude
- 35.090815
