Two-Unit Duplex with Separate
For Sale
$225,000
12708 Copper Avenue NE, Albuquerque, NM 87123
ResidentialIncome, Albuquerque, NM
Property Size2,200 SF
Lot Size0.09 Acres
Price / SF$102.27
Days on Market340
Property Features for 12708 Copper Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
MX-M*
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Appliances
Refrigerator
Subdivision
3 PARCEL B-3 OF THE AMENDED & CORRECTED SUMMARY PL
Directions
From Tramway and I40 north to Copper west to property.
Standard status
Active
APN
102205728325441719
Size
2,200 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
3 PARCEL B-3 OF THE AMENDED & CORRECTED SUMMARY PLAT SHOWING PARCELS B-1 B-2
Tax Annual Amount
2137
Legal Description
3 PARCEL B-3 OF THE AMENDED & CORRECTED SUMMARY PLAT SHOWING PARCELS B-1 B-2
Utilities
Heating system
Heat Pump (Heating)
Amenities
internal laundry room
separate entrances
Building Details
Year built
1978
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Frame
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Added: Oct 1, 2025
Changed: Sep 1
Last Checked: Sep 5 at 9:06AM
MLS# 1092204
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 2,200-square-foot frame duplex, built in 1978, contains two stacked units with matching two-bedroom, one-bathroom layouts. Each residence has its own front and rear entrance, an internal laundry room, and separate electric and gas meters. Interior finishes include vinyl and carpet flooring, with a refrigerator and heat pump heating in the property.
The upper unit is vacant and requires work before it is ready for occupancy. The duplex sits on a 0.09-acre lot and is adjacent to two similar duplexes. Located in Albuquerque, the property provides a compact multifamily configuration with separately metered utilities and distinct access for each unit.
The upper unit is vacant and requires work before it is ready for occupancy. The duplex sits on a 0.09-acre lot and is adjacent to two similar duplexes. Located in Albuquerque, the property provides a compact multifamily configuration with separately metered utilities and distinct access for each unit.
Key Highlights
- Two stacked units, each with 2 bedrooms and 1 bathroom
- 2,200 square feet on a 0.09‑acre lot
- Separate front and rear entrances for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,083
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
474
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Stacked residential units include internal laundry and separate electric and gas metering.
Where is this duplex located?
The property is located at 12708 Copper Avenue 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: Two stacked units, each with 2 bedrooms and 1 bathroom; 2,200 square feet on a 0.09‑acre lot; Separate front and rear entrances for each unit
