For Sale
$950,000
1321 15th Street NW, Albuquerque, NM 87104
ResidentialIncome, Albuquerque, NM
Property Size4,100 SF
Lot Size0.13 Acres
Price / SF$231.71
Days on Market251
Property Features for 1321 15th Street NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-1A*
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bedroom 3, Bedroom 4, Bedroom 9, Bedroom 7, Bedroom 10, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 8, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2
Appliances
Dishwasher, FreeStandingElectricRange, Refrigerator, RangeHood
Directions
Sawmill & 15th Street
Subdivision
80 - Downtown Area
Standard status
Active
APN
101305838042812093
Size
4,100 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2881
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless
Building Details
Year built
1933
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Building materials
Adobe, Frame, SyntheticStucco
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Anton F Determan · License #53934
(505) 818-9449
Added: Feb 6
Changed: Sep 26
Last Checked: Oct 15 at 12:06PM
MLS# 1104437
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,631
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,620
$692.6K
Cap Rate 7%
$494,729
$494.7K
Cap Rate 9%
$384,789
$384.8K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$66.4K $16.20/SF
− Vacancy
−$3.5K −$0.84/SF
EGI
$63.0K $15.36/SF
− OpEx
−$28.3K −$6.91/SF
NOI
$34.6K $8.45/SF
Area
Albuquerque, NM
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,620
Cap Rate 7%
$494,729
Cap Rate 9%
$384,789
Alternative Uses
Best Use
Apartment 5plus
$494.7K
$432.9K – $577.2K
NOI $34,631 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.9K
$867.9K – $1.16M
NOI $69,431 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 87104, NM
12,537
Population
6,628
Households
1.9
Avg Household Size
43
Median Age
48%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
2,985
Density / Sq Mi
$67,714
Median Household Income
$55,156
Median Earnings
$1,022
Median Rent
$300,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
Where is this multifamily property located?
The property is located at 1321 15th Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $950,000.
