Four-Unit Multifamily
12704 Dunes Road SE, Albuquerque, NM 87123
For Sale
$500,000
Residential Income, Albuquerque, NM
Property Size3,104 SF
Lot Size0.14 Acres
Price / SF$161.08
Days on Market90
Property Features for 12704 Dunes Road SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 892-1000
Listed By:
Aimee Romero · License NM #44382
(505) 269-9878
Added: Aug 13
Changed: Nov 9
Last Checked: Nov 10 at 1:06AM
MLS# 1109481
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.
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Investment Insights
Based on property information with market context.
This Albuquerque quadplex contains 3,104 square feet across four units on a 0.14-acre lot. Built in 1978, the property is zoned R-ML*. Units have a mix of tile and carpet flooring, and the building includes newer coolers. The roof and windows are each approximately 2 years old.
The property is near freeway access, Sprouts, Smith’s, movie theaters, the Singing Arrow Community Center, and a range of shops and restaurants.
The property is near freeway access, Sprouts, Smith’s, movie theaters, the Singing Arrow Community Center, and a range of shops and restaurants.
Key Highlights
- Four‑unit property with all residences currently rented
- 3,104 square feet on a 0.14‑acre lot
- Roof and windows 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$236,400
Median Home Value
Check the figures for this property
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Market
Average Price Trend$/SF for Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with newer coolers and recent roof and window updates.
Where is this quadplex located?
The property is located at 12704 Dunes Road SE 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 all residences currently rented; 3,104 square feet on a 0.14‑acre lot; Roof and windows approximately 2 years old
