Townhome-Style Duplex for
For Sale
$225,000
12708 Copper Ave NE, Albuquerque, NM 87123
Two separately metered, townhouse-style units each have front and rear entrances and internal laundry.
Property Size2,200 SF
Price / SF$102.27
Days on Market183
Property Features for 12708 Copper Ave NE
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Building Details
Year Built
1978
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Source:
Thesouthwestlife
Added: Apr 24
Changed: Oct 12
Last Checked: Oct 20 at 9:46PM
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 NM Apartment Advisors, Inc.
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Investment Insights
Based on property information with market context.
For sale is a townhouse-style duplex in Albuquerque’s North East Heights area, featuring two spacious two-bedroom, one-bath units. Each unit has stand-alone front and rear entrances and includes an internal laundry room. The units are stacked, with the upper floor unit currently vacant and needing work to be rent-ready.
The duplex is adjacent to two similar duplexes and benefits from an established setting just off Tramway and Copper. Both units are separately metered for electric and gas.
The property presents an owner or investor the opportunity to complete the upper unit to prepare it for occupancy while maintaining independent utilities for each residence.
The duplex is adjacent to two similar duplexes and benefits from an established setting just off Tramway and Copper. Both units are separately metered for electric and gas.
The property presents an owner or investor the opportunity to complete the upper unit to prepare it for occupancy while maintaining independent utilities for each residence.
Key Highlights
- Townhouse‑style duplex in northeast heights Albuquerque with 2‑bedroom, 1‑bath units
- Each unit has stand‑alone front and rear entrances plus an internal laundry room
- Units are separately metered for electric and gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,083
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,660
$401.7K
Cap Rate 7%
$286,900
$286.9K
Cap Rate 9%
$223,144
$223.1K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$30.4K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$28.7K $13.04/SF
− OpEx
−$8.6K −$3.91/SF
NOI
$20.1K $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%
$401,660
Cap Rate 7%
$286,900
Cap Rate 9%
$223,144
Alternative Uses
Best Use
Multifamily LT 5
$286.9K
$251.0K – $334.7K
NOI $20,083 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$265.5K
$232.3K – $309.7K
NOI $18,583 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered, townhouse-style units each have front and rear entrances and internal laundry.
Where is this duplex located?
The property is located at 12708 Copper Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Townhouse‑style duplex in northeast heights Albuquerque with 2‑bedroom, 1‑bath units; Each unit has stand‑alone front and rear entrances plus an internal laundry room; Units are separately metered for electric and gas
