Occupied Four-Unit
For Sale
$389,000
Pending
140 General Arnold St Unit 1-4, Albuquerque, NM 87123
Four one-bedroom apartments are occupied, including three month-to-month tenancies and one lease extending through August 31, 2026.
Property Size3,000 SF
Days on Market73
Property Features for 140 General Arnold St Unit 1-4
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$45,600
Public Transit
Yes
Building Details
Year Built
1976
Listing Agency:
LPT Realty
Listed By:
Casa ABQ
(505) 710-6918
Source:
Myabqhomesearch
Added: Aug 4
Changed: Oct 13
Last Checked: Oct 14 at 11:06PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This fourplex contains four one-bedroom, one-bath apartments and was built in 1976. All units are occupied, providing an existing tenant base for a new owner. Three apartments are leased on a month-to-month basis, while the remaining lease runs through August 31, 2026.
The property is located near shopping, dining, public transportation, and major Albuquerque employment centers. The building contains approximately 3,044 square feet of residential space. The property address is 140 General Arnold St Unit 1-4, Albuquerque, NM 87123.
The property is located near shopping, dining, public transportation, and major Albuquerque employment centers. The building contains approximately 3,044 square feet of residential space. The property address is 140 General Arnold St Unit 1-4, Albuquerque, NM 87123.
Key Highlights
- Four‑unit property with four 1‑bedroom, 1‑bath apartments
- Fully occupied with tenants in place
- Three units are currently month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,386
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,720
$547.7K
Cap Rate 7%
$391,229
$391.2K
Cap Rate 9%
$304,289
$304.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$39.1K $13.04/SF
− OpEx
−$11.7K −$3.91/SF
NOI
$27.4K $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%
$547,720
Cap Rate 7%
$391,229
Cap Rate 9%
$304,289
Alternative Uses
Best Use
Multifamily LT 5
$391.2K
$342.3K – $456.4K
NOI $27,386 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$362.0K
$316.8K – $422.3K
NOI $25,340 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments are occupied, including three month-to-month tenancies and one lease extending through August 31, 2026.
Where is this quadplex located?
The property is located at 140 General Arnold St Unit 1-4 Albuquerque, NM.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Four‑unit property with four 1‑bedroom, 1‑bath apartments; Fully occupied with tenants in place; Three units are currently month‑to‑month
