Remodeled Fourplex with Fenced
For Sale
$549,000
Pending
12608 Copper Ave, Albuquerque, NM 87123
Updated units offer private yards, laundry hookups, eat-in kitchens, and refrigerated air.
Property Size3,571 SF
Days on Market50
Property Features for 12608 Copper Ave
General Information
Standard status
Pending
Size
3,571 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR/1.75BA
Multifamily Units
4
Amenities
private fenced yards
washer/dryer hookups
eat-in kitchens
off-street parking
individually metered gas and electric
refrigerated air
Building Details
Year Built
1977
Buildings
1
Listing Agency:
Realty One of New Mexico
(505) 362-6823
Listed By:
Sol E Mirabal
Source:
Findalbuquerqueproperties
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 25 at 6:17AM
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 Realty One of New Mexico
Investment Insights
Based on property information with market context.
This 1977 quadplex contains four 2-bedroom, 1.75-bath residences with practical layouts and private fenced yards. Each unit includes an eat-in kitchen, washer and dryer hookups, off-street parking, and separately metered gas and electric service. Remodeling work includes refreshed flooring, cabinetry, fixtures, and finishes, while refrigerated air serves the units.
The property is located at 12608 Copper Ave NE in Albuquerque, near I-40, Kirtland Air Force Base, Sandia National Laboratories, shopping, dining, parks, and schools. The combination of four residential units, individual utility metering, and updated interiors provides a clearly defined multifamily configuration.
The property is located at 12608 Copper Ave NE in Albuquerque, near I-40, Kirtland Air Force Base, Sandia National Laboratories, shopping, dining, parks, and schools. The combination of four residential units, individual utility metering, and updated interiors provides a clearly defined multifamily configuration.
Key Highlights
- Four 2‑bedroom, 1.75‑bath units
- 1977‑built quadplex with remodeled interiors
- Private fenced yards for 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
$32,599
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
5.94%
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%
$651,980
$652.0K
Cap Rate 7%
$465,700
$465.7K
Cap Rate 9%
$362,211
$362.2K
Market Conditions
NOI Build-Up for 3,571 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
$49.3K $13.80/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$46.6K $13.04/SF
− OpEx
−$14.0K −$3.91/SF
NOI
$32.6K $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%
$651,980
Cap Rate 7%
$465,700
Cap Rate 9%
$362,211
Alternative Uses
Best Use
Multifamily LT 5
$465.7K
$407.5K – $543.3K
NOI $32,599 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$430.9K
$377.0K – $502.7K
NOI $30,163 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$863.9K
$755.9K – $1.01M
NOI $60,473 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
474
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 - Updated units offer private yards, laundry hookups, eat-in kitchens, and refrigerated air.
Where is this quadplex located?
The property is located at 12608 Copper Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1.75‑bath units; 1977‑built quadplex with remodeled interiors; Private fenced yards for each unit
