Duplex with Garage
For Sale
$349,900
1407 1409 Hazeldine Avenue SE, Albuquerque, NM 87106
Two one-bedroom residences include flexible interior space and shared outdoor areas.
Property Size1,407 SF
Price / SF$248.69
Days on Market110
Property Features for 1407 1409 Hazeldine Avenue SE
General Information
Standard status
Active
Size
1,407 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R-T*
Site & Location
Neighborhood
Sym
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$2,628
Amenities
original hardwood floors
flex space area
common backyard
mature trees
Landscaping
Building Details
Building Size
1,407 SF
Year Built
1940
Buildings
1
Stories
1
Units
2
Listing Agency:
Campbell & Campbell Real Estat
(505) 821-7666
Listed By:
Randell C Campbell · License #14915
(505) 991-3125
Source:
Goldenshieldsrealty
Added: Jul 9
Changed: Oct 24
Last Checked: Oct 24 at 2:39PM
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 Campbell & Campbell Real Estat
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This R-T* zoned duplex, built in 1940, contains two 1-bedroom, 1-bath units, each equipped with a refrigerator, gas range, and flex space. Original hardwood flooring remains in both residences, and a TPO roof was installed in 2024. Unit features vary: 1407 has a private enclosed yard, two wall heaters, and a tiled tub surround; 1409 includes two natural gas wall furnaces, washer and dryer hookups, and a cultured marble tub surround. Each unit has one garage space, with access from the backyard to a detached garage and parking area.
The property is across from Roosevelt Park. A shared yard with mature trees provides common outdoor space. The address is 1407 and 1409 Hazeldine Avenue SE in Albuquerque, with access to downtown and UNM noted in the property information.
The property is across from Roosevelt Park. A shared yard with mature trees provides common outdoor space. The address is 1407 and 1409 Hazeldine Avenue SE in Albuquerque, with access to downtown and UNM noted in the property information.
Key Highlights
- Two 1‑bedroom, 1‑bath units; each includes a refrigerator, gas range, and flex space
- One garage space for each residence; backyard access to detached garage and parking area
- New TPO roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,844
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,880
$256.9K
Cap Rate 7%
$183,486
$183.5K
Cap Rate 9%
$142,711
$142.7K
Market Conditions
NOI Build-Up for 1,407 SF
Gross rent
$19.4K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.3K $13.04/SF
− OpEx
−$5.5K −$3.91/SF
NOI
$12.8K $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%
$256,880
Cap Rate 7%
$183,486
Cap Rate 9%
$142,711
Alternative Uses
Best Use
Multifamily LT 5
$183.5K
$160.6K – $214.1K
NOI $12,844 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$169.8K
$148.6K – $198.1K
NOI $11,884 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$340.4K
$297.8K – $397.1K
NOI $23,827 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,077
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences include flexible interior space and shared outdoor areas.
Where is this duplex located?
The property is located at 1407 1409 Hazeldine Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units; each includes a refrigerator, gas range, and flex space; One garage space for each residence; backyard access to detached garage and parking area; New TPO roof installed in 2024
