Two-Unit Duplex with Side
New
For Sale
$199,000
300 63rd St NW, Albuquerque, NM 87105
Two residential units offer distinct layouts, parking, and convenient access to the side yard.
Property Size1,775 SF
Price / SF$112.11
Days on Market7
Property Features for 300 63rd St NW
General Information
Standard status
Active
Size
1,775 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR+bonus/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
fireplace
Building Details
Year Built
1937
Listing Agency:
Realty One Of New Mexico
(505) 362-6823
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 28 at 10:57AM
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.
Built in 1937, this 1,775-square-foot duplex contains two separate residential units with different layouts. Unit A features two bedrooms, a bonus room suitable for office or hobby use, and a full bathroom. Its living and dining area includes tall ceilings with vigas, original wood floors, and a fireplace. Unit B provides one bedroom, a living and dining area, and a bathroom.
The property also includes side-yard access and parking. The configuration supports a range of ownership and leasing arrangements, including occupying one unit while renting the other or leasing both units. Additional space and the existing period details provide a foundation for updates and personalization.
The property also includes side-yard access and parking. The configuration supports a range of ownership and leasing arrangements, including occupying one unit while renting the other or leasing both units. Additional space and the existing period details provide a foundation for updates and personalization.
Key Highlights
- 1,775 SF duplex built in 1937
- Unit A includes 2 bedrooms, a bonus room, and 1 full bathroom
- Unit B offers 1 bedroom, living/dining space, and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,089
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,780
$321.8K
Cap Rate 7%
$229,843
$229.8K
Cap Rate 9%
$178,767
$178.8K
Market Conditions
NOI Build-Up for 1,775 SF
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.
Gross rent
$24.5K $13.80/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$23.0K $12.95/SF
− OpEx
−$6.9K −$3.88/SF
NOI
$16.1K $9.06/SF
Area
ZIP 87105
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,780
Cap Rate 7%
$229,843
Cap Rate 9%
$178,767
Alternative Uses
Best Use
Multifamily LT 5
$229.8K
$201.1K – $268.2K
NOI $16,089 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$211.2K
$184.8K – $246.5K
NOI $14,787 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$387.3K
$338.9K – $451.9K
NOI $27,111 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, parking, and convenient access to the side yard.
Where is this duplex located?
The property is located at 300 63rd St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,775 SF duplex built in 1937; Unit A includes 2 bedrooms, a bonus room, and 1 full bathroom; Unit B offers 1 bedroom, living/dining space, and a bathroom
