Apartment Building with Interior
For Sale
Contact for pricing
Pending
1209 Dr Martin Luther King Jr Ave NE, Albuquerque, NM 87106
10-unit apartment building with private interior entry for 8 units, hardwood floors, and off-street parking including select covered spaces.
Property SizeContact for details
Days on Market142
Property Features for 1209 Dr Martin Luther King Jr Ave NE
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Cap Rate
5.03%
Multifamily Units
10
Building Details
Tenancy
Multi
Listing Agency:
Berger Briggs Real Estate & Insurance Inc
Listed By:
Tai Alley · License #NM 48822
Source:
Crexi
Added: Apr 11
Changed: Aug 14
Last Checked: Aug 29 at 2:17PM
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 Berger Briggs Real Estate & Insurance Inc
Investment Insights
Based on property information with market context.
This apartment building offers 10 one-bedroom, one-bath units with layouts described as including a spacious living room and bedroom. Units include hardwood floors and off-street parking, with some covered parking available. A private, interior entrance serves 8 of the 10 units, supporting convenient access for residents. The property also received a new TPO roof approximately four to five years ago.
The building is located close to the UNM campus and near Presbyterian and Lovelace hospitals, which may be attractive for tenants who want to reduce commute time to major employment and healthcare destinations.
As presented, the units range up to about 750 square feet and include dedicated interior and parking features that support day-to-day livability.
The building is located close to the UNM campus and near Presbyterian and Lovelace hospitals, which may be attractive for tenants who want to reduce commute time to major employment and healthcare destinations.
As presented, the units range up to about 750 square feet and include dedicated interior and parking features that support day-to-day livability.
Key Highlights
- 10‑unit apartment building; private interior entrance for 8 of the 10 units
- Units are 1 bed/1 bath with sizes up to 750 SF, featuring spacious living room and bedroom
- Hardwood floors in the units and off‑street parking available, including some covered parking
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,883
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 10-unit apartment building with private interior entry for 8 units, hardwood floors, and off-street parking including select covered spaces.
Where is this apartment building located?
The property is located at 1209 Dr Martin Luther King Jr Ave NE Albuquerque, NM.
What are key features of this property?
This property features: 10‑unit apartment building; private interior entrance for 8 of the 10 units; Units are 1 bed/1 bath with sizes up to 750 SF, featuring spacious living room and bedroom; Hardwood floors in the units and off‑street parking available, including some covered parking
