Two-Unit
For Sale
$230,000
142 55th Street SW, Albuquerque, NM 87121
ResidentialIncome, Albuquerque, NM
Property Size1,604 SF
Lot Size0.15 Acres
Price / SF$143.39
Days on Market24
Property Features for 142 55th Street SW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2
Appliances
FreeStandingGasRange, Refrigerator
Subdivision
Hts Sub
Directions
West on Central past Old Town, continue to 55th street, left turn property on left side of street.
Standard status
Active
APN
101105733629710223
Size
1,604 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
2583
Building Details
Year built
1946
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Stucco
Listing Agency:
Oso Elite Realty
(505) 477-0400
Listed By:
Alejandro Barraza · License #REC20231180
(505) 573-6185
Added: Sep 14
Changed: Oct 3
Last Checked: Oct 7 at 6:06AM
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.
Investment Insights
Based on property information with market context.
This 1,604-square-foot duplex contains two residences: one with two bedrooms and one bathroom, and a second with one bedroom. The two-bedroom unit has been updated and includes washer and dryer hookups. Interior finishes include tile flooring, with stucco exterior construction and a pitched roof. The building dates to 1946 and sits on a 0.15-acre lot.
Both units are occupied, and a property management company handles management. The property is in Southwest Albuquerque, with access to area shopping, dining, schools, amenities, and major roadways.
Both units are occupied, and a property management company handles management. The property is in Southwest Albuquerque, with access to area shopping, dining, schools, amenities, and major roadways.
Key Highlights
- Two residences: one 2‑bedroom, 1‑bathroom unit and one 1‑bedroom unit
- 1,604 square feet on a 0.15‑acre lot
- Both units occupied; property management company in place
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
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
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 are occupied, and professional property management is 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 residences: one 2‑bedroom, 1‑bathroom unit and one 1‑bedroom unit; 1,604 square feet on a 0.15‑acre lot; Both units occupied; property management company in place
