Two-Unit
142 55th St Unit A & B, Albuquerque, NM 87121
For Sale
$230,000
Pending
Both residences are occupied and professionally managed, with a two-bedroom layout in one unit and a one-bedroom layout in the other.
Property Size1,604 SF
Days on Market68
Property Features for 142 55th St Unit A & B
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
washer/dryer hookups
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Oso Elite Realty
Listed By:
Alejandro Barraza · License NM #49524
(505) 573-6185
Source:
Albuquerquehomefinders
Added: Sep 5
Changed: Nov 1
Last Checked: Nov 10 at 10:42AM
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 Oso Elite Realty
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Investment Insights
Based on property information with market context.
This 1,604-square-foot duplex, built in 1946, contains two separate residences beneath a pitched roof. One unit has two bedrooms and one bathroom, along with washer and dryer hookups, and has been updated. The second residence has one bedroom.
Both units are occupied, and professional property management is in place. The property is in Southwest Albuquerque, with access to area shopping, dining, schools, amenities, and major roadways.
Both units are occupied, and professional property management is in place. The property is in Southwest Albuquerque, with access to area shopping, dining, schools, amenities, and major roadways.
Key Highlights
- Two residences within one building
- One unit has 2 bedrooms, 1 bathroom, and washer and dryer hookups
- Second unit has 1 bedroom
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
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
$192,500
Median Home Value
Market
Average Price Trend$/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 and professionally managed, with a two-bedroom layout in one unit and a one-bedroom layout in the other.
Where is this duplex located?
The property is located at 142 55th St Unit A & B 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 residences within one building; One unit has 2 bedrooms, 1 bathroom, and washer and dryer hookups; Second unit has 1 bedroom
