Albuquerque Fourplex Near Winrock
1309 Virginia Street NE, Albuquerque, NM 87110
MULTI_FAMILY - Albuquerque, NM
Property size:
4,160 SFLot size:
0.14 AcresPrice / SF:
$170/SF- Added:
- Apr 21, 2026
- Days on Market:
- 38
- Last Refresh:
- May 28 at 4:06 pm
Property Features for 1309 Virginia Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
- Parking
- 6
- Exterior features
- Landscaping
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101905847928210316
- Size
- 4,160 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- Lot 3, Block 21, Snow Heights
- Tax Annual Amount
- 5532
Utilities
- Heating system
- Central
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl
- Building materials
- Brick, Block, Frame, Stucco
Listing agent Todd D Clarke License #13711 (505) 440-8633
Listing office NM Apartment Advisors, Inc. 524 Central Ave. SW Suite 801, Albuquerque, NM (505) 440-8633
Listing date Apr 21, 2026
MLS# 1102060
Listing URL
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.
HighLights
- Spacious 2 bedroom / 2 bathroom units.
- Unique interior courtyard design providing abundant natural light.
- Prime location near Winrock town center, Presbyterian/Kaseman hospital, restaurants, and retail.
- Walking distance to amenities and biking distance to Trader Joes and the Apple store.
- Well‑maintained fourplex.
- Mid‑century design with a Beverly‑Hills chic aesthetic.
Overview
Located at 1309 Virginia Street NE in Albuquerque, this core asset is a fourplex comprised entirely of spacious 2 bedroom / 2 bathroom units. The units feature a mid-century design and unique interior courtyard designs that allow for an abundance of natural light. The property is situated just east of the Winrock town center and due north of the Presbyterian/Kaseman hospital/medical facilities. Its location provides walking distance access to numerous restaurants and retail options, as well as biking distance to Trader Joe's and the Apple store. The lot size is 0.14 acres, and the property size is 4160 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$421.9K
NOI $37,975 @ 9.00% cap · cautious / downside scenario
Moderate
$542.5K
NOI $37,975 @ 7.00% cap · market / base-case scenario
Aggressive
$759.5K
NOI $37,975 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.4k | $13.80 |
| − Vacancy | −$3.2k | −$0.76 |
| EGI | $54.3k | $13.04 |
| − OpEx | −$16.3k | −$3.91 |
| NOI | $38.0k | $9.13 |
4,160 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$542.5K
$474.7K – $632.9K
NOI $37,975 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$502.0K
$439.2K – $585.6K
NOI $35,138 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.01M
$880.6K – $1.17M
NOI $70,447 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.552679
- Latitude
- 35.095104
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with spacious units near retail and medical facilities.
Where is this quadplex located?
The property is located at 1309 Virginia Street NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $710,376.
What are key features of this property?
This property features: Spacious 2 bedroom / 2 bathroom units.; Unique interior courtyard design providing abundant natural light.; Prime location near Winrock town center, Presbyterian/Kaseman hospital, restaurants, and retail.
