4-Unit Quadplex with
1315 Madeira Drive SE, Albuquerque, NM 87108
For Sale
$522,720
Residential Income, Albuquerque, NM
Property Size3,233 SF
Lot Size0.20 Acres
Price / SF$161.68
Days on Market110
Property Features for 1315 Madeira Drive SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
courtyard
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License NM #13711
(505) 440-8633
Added: Jul 28
Changed: Nov 12
Last Checked: Nov 14 at 3:06AM
MLS# 1108087
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.
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Investment Insights
Based on property information with market context.
This four-unit property contains 3,233 square feet on a 0.2-acre parcel and forms part of a 16-unit residential community. The residences have two-bedroom, one-bath layouts, updated kitchens with appliances and dishwashers, and solid-surface flooring. Separate utility closets accommodate full-size washers and dryers, while courtyard areas provide shared outdoor space. The kitchens also feature updated finishes and modern fixtures.
The property is zoned MX-M*.
The property is zoned MX-M*.
Key Highlights
- Four units with two‑bedroom, one‑bath floor plans
- 3,233 square feet on a 0.2‑acre parcel
- Part of a 16‑unit community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,513
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,260
$590.3K
Cap Rate 7%
$421,614
$421.6K
Cap Rate 9%
$327,922
$327.9K
Market Conditions
NOI Build-Up for 3,233 SF
Gross rent
$44.6K $13.80/SF
− Vacancy
−$2.5K −$0.76/SF
EGI
$42.2K $13.04/SF
− OpEx
−$12.6K −$3.91/SF
NOI
$29.5K $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 Rate 5%
$590,260
Cap Rate 7%
$421,614
Cap Rate 9%
$327,922
Alternative Uses
Best Use
Multifamily LT 5
$421.6K
$368.9K – $491.9K
NOI $29,513 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$390.1K
$341.4K – $455.1K
NOI $27,308 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$782.1K
$684.4K – $912.5K
NOI $54,749 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
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Business Placement
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
$227,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers a two-bedroom, one-bath layout with a separate laundry closet.
Where is this quadplex located?
The property is located at 1315 Madeira Drive SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $522,720.
What are key features of this property?
This property features: Four units with two‑bedroom, one‑bath floor plans; 3,233 square feet on a 0.2‑acre parcel; Part of a 16‑unit community
