Two-Unit
For Sale
$230,000
142 55th Street Sw A & B, Albuquerque, NM 87121
Both residences have tenants in place, with professional management already established.
Property Size1,604 SF
Price / SF$143.39
Days on Market12
Property Features for 142 55th Street Sw A & B
General Information
Standard status
Active
Size
1,604 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR
Multifamily Units
2
Building Details
Year Built
1946
Buildings
1
Listing Agency:
Oso Elite Realty
Listed By:
Alejandro Barraza · License #49524
(505) 573-6185
Source:
Thesouthwestlife
Added: Sep 26
Changed: Oct 7
Last Checked: Oct 5 at 11:59PM
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
Investment Insights
Based on property information with market context.
This 1,604-square-foot duplex at 142 55th Street SW A & B in Albuquerque contains two residences. One offers two bedrooms and one bathroom, has been updated, and includes washer and dryer hookups. The other residence has one bedroom. The building dates to 1946 and has a pitched roof.
Both units are occupied, and a property management company oversees the property. The duplex is in Southwest Albuquerque, near area shopping, dining, schools, amenities, and major roadways.
Both units are occupied, and a property management company oversees the property. The duplex is in Southwest Albuquerque, near area shopping, dining, schools, amenities, and major roadways.
Key Highlights
- Two residences within a 1,604‑square‑foot building
- One unit has 2 bedrooms and 1 bathroom; the other has 1 bedroom
- Both units are occupied and professionally managed
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have tenants in place, with professional management already established.
Where is this duplex located?
The property is located at 142 55th Street Sw 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 a 1,604‑square‑foot building; One unit has 2 bedrooms and 1 bathroom; the other has 1 bedroom; Both units are occupied and professionally managed
