Four-Unit Property with Recent
For Sale
$500,000
Pending
12704 Dunes Rd, Albuquerque, NM 87123
Fully occupied residential income property with refreshed windows, roofing, and cooling equipment.
Property Size3,104 SF
Days on Market57
Property Features for 12704 Dunes Rd
General Information
Standard status
Pending
Size
3,104 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Coldwell Banker Legacy
Listed By:
Aimee Romero · License #44382
(505) 269-9878
Source:
Myabqhomesearch
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 14 at 11:44PM
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 Coldwell Banker Legacy
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,104 square feet and was built in 1978. The units combine tile and carpet flooring, while recent property updates include a roof and windows approximately 2 years old along with newer coolers. The property is fully rented, providing an existing occupancy profile for prospective purchasers.
The location offers freeway access and proximity to Sprouts, Smith's, Michael's, movie theaters, Singing Arrow Community Center, coffee shops, shopping, and retail. Showings are available after an accepted offer.
The location offers freeway access and proximity to Sprouts, Smith's, Michael's, movie theaters, Singing Arrow Community Center, coffee shops, shopping, and retail. Showings are available after an accepted offer.
Key Highlights
- Four‑unit property with 3,104 square feet
- Fully rented at the time of listing
- Roof approximately 2 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,335
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,700
$566.7K
Cap Rate 7%
$404,786
$404.8K
Cap Rate 9%
$314,833
$314.8K
Market Conditions
NOI Build-Up for 3,104 SF
Gross rent
$42.8K $13.80/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$40.5K $13.04/SF
− OpEx
−$12.1K −$3.91/SF
NOI
$28.3K $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 Rate 5%
$566,700
Cap Rate 7%
$404,786
Cap Rate 9%
$314,833
Alternative Uses
Best Use
Multifamily LT 5
$404.8K
$354.2K – $472.3K
NOI $28,335 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$750.9K
$657.1K – $876.1K
NOI $52,564 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with refreshed windows, roofing, and cooling equipment.
Where is this quadplex located?
The property is located at 12704 Dunes Rd Albuquerque, NM.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four‑unit property with 3,104 square feet; Fully rented at the time of listing; Roof approximately 2 years old
