14-Unit Apartment
For Sale
Contact for pricing
Pending
511 Candelaria Rd NW, Albuquerque, NM 87107
Fourteen-unit multifamily property with partial renovations, plus a Land Use Restriction Agreement governing long-term affordable housing.
Property SizeContact for details
Days on Market148
Property Features for 511 Candelaria Rd NW
General Information
Standard status
Pending
Property subtype
Multifamily
Financials
Cap Rate
6%
Business Included
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
14
Building Details
Tenancy
Multi
Listing Agency:
N.M. Apartments, Inc.
Listed By:
Todd Clarke · License #13711
(505) 440-8633
Source:
Crexi
Added: Apr 11
Changed: Aug 16
Last Checked: Sep 2 at 11:12PM
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 N.M. Apartments, Inc.
Investment Insights
Based on property information with market context.
Offered for sale, 511-13 Candelaria Rd NW presents a 14-unit apartment community. The property is described as a value-add opportunity, with a majority of units renovated and a couple currently in need of renovation, along with an overhaul of the laundry room. The asset is restricted by a Land Use Restriction Agreement (LURA) that provides long-term affordable housing and is believed to remain in place for an additional 14 years.
The community is positioned near the Fourth Street corridor amid higher-end new development, with access to the Rio Grande Bosque Wilderness, Rio Grande shopping and dining, and area Acequia trails. The remarks also note proximity to I-25 and the historic Camino Real and pre-1937 Route 66.
The property is being marketed through a BID process, with a tour scheduled for noon on Tuesday, October 3, 2023 and an offer deadline of noon on Thursday, October 5, 2023. Qualified investors can register for the tour and obtain confidential information.
The community is positioned near the Fourth Street corridor amid higher-end new development, with access to the Rio Grande Bosque Wilderness, Rio Grande shopping and dining, and area Acequia trails. The remarks also note proximity to I-25 and the historic Camino Real and pre-1937 Route 66.
The property is being marketed through a BID process, with a tour scheduled for noon on Tuesday, October 3, 2023 and an offer deadline of noon on Thursday, October 5, 2023. Qualified investors can register for the tour and obtain confidential information.
Key Highlights
- 14‑unit multifamily property at 511‑13 Candelaria in North Valley Albuquerque.
- Majority of units renovated; a couple units still in need of renovation and laundry room overhaul.
- Land Use Restriction Agreement (LURA) for long‑term affordable housing believed in place for an additional 14 years.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen-unit multifamily property with partial renovations, plus a Land Use Restriction Agreement governing long-term affordable housing.
Where is this apartment building located?
The property is located at 511 Candelaria Rd NW Albuquerque, NM.
What are key features of this property?
This property features: 14‑unit multifamily property at 511‑13 Candelaria in North Valley Albuquerque.; Majority of units renovated; a couple units still in need of renovation and laundry room overhaul.; Land Use Restriction Agreement (LURA) for long‑term affordable housing believed in place for an additional 14 years.
