Apartment Building with
For Sale
Contact for pricing
Pending
1320 Dr Martin Luther King Jr Ave NE, Albuquerque, NM 87106
A 17-unit apartment property with 12 studios and five rented garages, currently 100% occupied.
Property SizeContact for details
Days on Market141
Property Features for 1320 Dr Martin Luther King Jr Ave NE
General Information
Standard status
Pending
Property subtype
Multifamily, Industrial
Occupancy
100%
Additional Details
Multifamily Units
12
Listing Agency:
Realty One of New Mexico
(505) 507-9671
Listed By:
John Lucero · License #47657
Source:
Crexi
Added: Apr 11
Changed: Aug 22
Last Checked: Aug 28 at 1:23PM
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 Realty One of New Mexico
Investment Insights
Based on property information with market context.
This property consists of twelve studios plus five garages. The garages are all currently rented, and the overall property is 100% occupied. Some of the studio units have been updated and remodeled to suit modern tenant needs.
The building is located very near UNM and close to Presbyterian and Lovelace Hospitals, supporting a tenant base that benefits from nearby employment and healthcare.
The existing mix of studio apartments alongside income-producing garage rentals provides a straightforward, income-focused configuration within the apartment building offering.
The building is located very near UNM and close to Presbyterian and Lovelace Hospitals, supporting a tenant base that benefits from nearby employment and healthcare.
The existing mix of studio apartments alongside income-producing garage rentals provides a straightforward, income-focused configuration within the apartment building offering.
Key Highlights
- 17‑unit apartment property with 12 studios plus five rented garages
- 100% occupied with garages also rented out
- Some units have been updated and remodeled
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,883
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
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?
Short term rental property - A 17-unit apartment property with 12 studios and five rented garages, currently 100% occupied.
Where is this short term rental property located?
The property is located at 1320 Dr Martin Luther King Jr Ave NE Albuquerque, NM.
What are key features of this property?
This property features: 17‑unit apartment property with 12 studios plus five rented garages; 100% occupied with garages also rented out; Some units have been updated and remodeled
