Remodeled Fourplex with Private
12608 Copper Avenue NE Albuquerque, NM 87123
New
12608 Copper Avenue NE, Albuquerque, NM, 87123
$549,000
For Sale
$549,000
MULTI_FAMILY - Albuquerque, NM
Property Size3,571 SF
Lot Size0.22 Acres
Price / SF$153.74
Days on Market3
Property Features for 12608 Copper Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
- Security features
- Security
- Patio and Porch features
- Patio
- Exterior features
- Patio
- Appliances
- FreeStandingGasRange, Refrigerator, RangeHood
- Standard status
- Active
- APN
- 102205723225334202
- Size
- 3,571 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6433
Utilities
- Heating system
- Central, Forced Air
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile, Vinyl, Carpet
Listing Agency
Realty One of New Mexico
(505) 883-9400
4121 Wyoming Blvd NE, Albuquerque, NM
Listed by
Sol E Mirabal · License #48532
(505) 401-9244
Added: Jul 15 Checked: Jul 17 at 4:06 am
MLS# 1107434
Listing URL
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.
Investment Insights
Based on property information with market context.
This remodeled fourplex provides four spacious units, each featuring two bedrooms and 1.75 bathrooms with functional floor plans. Updates include refreshed flooring, cabinetry, fixtures, and finishes, along with refrigerated air for year-round comfort. Each unit includes an eat-in kitchen and washer/dryer hookups, with private fenced yards. Off-street parking is available, and gas and electric utilities are individually metered for each unit.
Located in the Chelwood Park area near I-40, the property is also convenient to Kirtland Air Force Base, Sandia National Laboratories, and nearby shopping, dining, parks, and schools. The asset is offered for sale as a turnkey investment opportunity within Bernalillo County.
With four individually metered, renovated units, the property is designed for straightforward residential income use, supported by modernized interiors and in-unit laundry hookups.
Located in the Chelwood Park area near I-40, the property is also convenient to Kirtland Air Force Base, Sandia National Laboratories, and nearby shopping, dining, parks, and schools. The asset is offered for sale as a turnkey investment opportunity within Bernalillo County.
With four individually metered, renovated units, the property is designed for straightforward residential income use, supported by modernized interiors and in-unit laundry hookups.
Key Highlights
- Remodeled fourplex in Chelwood Park featuring four 2‑bedroom, 1.75‑bath units
- Private fenced yards and patio included for units
- In‑unit conveniences: washer/dryer hookups and eat‑in kitchens
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 | $49.3k | $13.80 |
| − Vacancy | −$2.7k | −$0.76 |
| EGI | $46.6k | $13.04 |
| − OpEx | −$14.0k | −$3.91 |
| NOI | $32.6k | $9.13 |
3,571 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Turnkey fourplex offering four remodeled 2-bedroom units with private fenced yards, washer/dryer hookups, and individually metered utilities.
Where is this quadplex located?
The property is located at 12608 Copper Avenue NE 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: Remodeled fourplex in Chelwood Park featuring four 2‑bedroom, 1.75‑bath units; Private fenced yards and patio included for units; In‑unit conveniences: washer/dryer hookups and eat‑in kitchens
