Fourplex Residential Income
For Sale
Contact for pricing
Pending
12404 Rosemont Avenue Northeast, Albuquerque, NM 87112
Four-unit residential income property with an adjacent park setting.
Property Size3,495 SF
Days on Market110
Property Features for 12404 Rosemont Avenue Northeast
General Information
Standard status
Pending
Size
3,495 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
R-MH
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
adjacent park
Building Details
Year Built
1973
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
N.M. Apartments, Inc.
(505) 440-8633
Listed By:
Todd Clarke · License #13711
Source:
Crexi
Added: Apr 25
Changed: Aug 8
Last Checked: Jul 24 at 11:11AM
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 N.M. Apartments, Inc.
Investment Insights
Based on property information with market context.
This fourplex offers four residential units in a neighborhood setting, providing in-place rental income. The property is positioned as having larger unit sizes than many competing rentals.
Located at 12404 Rosemont Avenue Northeast in Albuquerque, New Mexico, the fourplex also benefits from adjacency to a park.
Located at 12404 Rosemont Avenue Northeast in Albuquerque, New Mexico, the fourplex also benefits from adjacency to a park.
Key Highlights
- Four‑unit residential income property (fourplex) built in 1973
- Fourplex is in a neighborhood setting with an adjacent park
- Larger unit sizes than many competing rentals
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
$31,905
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
5.18%
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%
$638,100
$638.1K
Cap Rate 7%
$455,786
$455.8K
Cap Rate 9%
$354,500
$354.5K
Market Conditions
NOI Build-Up for 3,495 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
$48.2K $13.80/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$45.6K $13.04/SF
− OpEx
−$13.7K −$3.91/SF
NOI
$31.9K $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%
$638,100
Cap Rate 7%
$455,786
Cap Rate 9%
$354,500
Alternative Uses
Best Use
Multifamily LT 5
$455.8K
$398.8K – $531.8K
NOI $31,905 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$421.7K
$369.0K – $492.0K
NOI $29,521 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$845.5K
$739.8K – $986.4K
NOI $59,186 @ 7.0% cap · market cap 9.61%
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
594
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
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-unit residential income property with an adjacent park setting.
Where is this quadplex located?
The property is located at 12404 Rosemont Avenue Northeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $615,833.
What are key features of this property?
This property features: Four‑unit residential income property (fourplex) built in 1973; Fourplex is in a neighborhood setting with an adjacent park; Larger unit sizes than many competing rentals
