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16-Unit Courtyard Apartment Community

1309-15 Madeira SE, Albuquerque, NM 87108

For Sale
Contact for pricing

Most residences offer two bedrooms, in-unit laundry, updated kitchens, and dishwashers.

Property SizeContact for details
Days on Market13

Property Features for 1309-15 Madeira SE

General Information

Standard status Active
Property subtype Multifamily

Financials

Asking Price $1,880,814
Cap Rate 7.1%
Gross Rent Multiplier 8.82

Site & Location

Neighborhood Ssp

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 16

Amenities

secured courtyard entries
private outdoor spaces
full-size washers and dryers
updated kitchens
dishwashers

Building Details

Buildings 4
Listing Agency: N.M. Apartments, Inc.
Listed By: Todd Clarke · License NM #13711
Source: Crexi
Added: Nov 2 Changed: Nov 8 Last Checked: Nov 12 at 7:24AM

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.

Rey
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Investment Insights

Based on property information with market context.

The community comprises 16 apartments across four fourplex buildings on four parcels. Most homes have two bedrooms and one bathroom, while two residences provide three bedrooms and two bathrooms. Secured courtyard access and private outdoor areas serve the apartments; the larger three-bedroom homes also feature vaulted ceilings, custom finishes, and oversized yards. Full-size washers and dryers, updated kitchens, and dishwashers are included in most residences.

The property is near Kirtland Air Force Base, Sandia National Laboratories, neighborhood retail and restaurants, and the MAX-Q development. The four-building layout and mix of two- and three-bedroom floor plans provide a range of residential configurations within the community.

Key Highlights

  • 16 apartments across four fourplex buildings and four parcels
  • Most residences have 2 bedrooms and 1 bathroom; two have 3 bedrooms and 2 bathrooms
  • Secured courtyard entries and private outdoor areas

Property Analytics

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

1,067
Businesses Nearby

Demographics for 87108, NM

36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Albuquerque, NM

$254 Jul
$180 Aug
$178 Sep
$183 Oct

Properties on Market for Apartment buildings in Albuquerque

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Most residences offer two bedrooms, in-unit laundry, updated kitchens, and dishwashers.
Where is this apartment building located?
The property is located at 1309-15 Madeira SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,880,814.
What are key features of this property?
This property features: 16 apartments across four fourplex buildings and four parcels; Most residences have 2 bedrooms and 1 bathroom; two have 3 bedrooms and 2 bathrooms; Secured courtyard entries and private outdoor areas
(505) 440-8633 · Office Call to check price and availability
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