Managed Two-Unit
142 55th Street SW, Albuquerque, NM 87121
For Sale
$230,000
Pending
Residential Income, Albuquerque, NM
Property Size1,604 SF
Lot Size0.15 Acres
Days on Market59
Property Features for 142 55th Street SW
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Buildings
Listing Agency:
Oso Elite Realty
(505) 477-0400
Listed By:
Alejandro Barraza · License NM REC20231180
(505) 573-6185
Added: Sep 14
Changed: Nov 9
Last Checked: Nov 11 at 9:06AM
MLS# 1111391
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 Albuquerque duplex contains two residential units in a 1,604-square-foot building on a 0.15-acre lot. Built in 1946, the property has a pitched roof and R-2 zoning. One residence has been updated and includes washer and dryer hookups.
Both units are occupied and a property management company handles management. The property is located in Albuquerque, New Mexico.
Both units are occupied and a property management company handles management. The property is located in Albuquerque, New Mexico.
Key Highlights
- Two residential units, both occupied
- 1,604‑square‑foot building on a 0.15‑acre lot
- One updated residence with washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,539
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,780
$290.8K
Cap Rate 7%
$207,700
$207.7K
Cap Rate 9%
$161,544
$161.5K
Market Conditions
NOI Build-Up for 1,604 SF
Gross rent
$22.1K $13.80/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$20.8K $12.95/SF
− OpEx
−$6.2K −$3.88/SF
NOI
$14.5K $9.06/SF
Area
ZIP 87121
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 Rate 5%
$290,780
Cap Rate 7%
$207,700
Cap Rate 9%
$161,544
Alternative Uses
Best Use
Multifamily LT 5
$207.7K
$181.7K – $242.3K
NOI $14,539 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$190.9K
$167.0K – $222.7K
NOI $13,363 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$326.1K
$285.3K – $380.4K
NOI $22,825 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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Business Placement
Demographics for 87121, NM
77,802
Population
26,118
Households
3
Avg Household Size
31
Median Age
13%
College-Educated
80%
High-School Grad
336.9 sq mi
ZIP Area
231
Density / Sq Mi
$59,184
Median Household Income
$34,738
Median Earnings
$1,277
Median Rent
$192,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Albuquerque, NM
Properties on Market for Duplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with property management already in place.
Where is this duplex located?
The property is located at 142 55th Street SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two residential units, both occupied; 1,604‑square‑foot building on a 0.15‑acre lot; One updated residence with washer and dryer hookups
