Fully Occupied Duplex with
For Sale
Contact for pricing
1429 Blake Rd SW, Albuquerque, NM 87105
Duplex with two separate units and an additional 20' x 24' workshop in the rear.
Property Size1,339 SF
Days on Market121
Property Features for 1429 Blake Rd SW
General Information
Standard status
Active
Size
1,339 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
7.9%
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
Johnson Commercial Real Estate
(505) 353-2055
Listed By:
Derek Mitchell · License #NM 48551
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 12:35PM
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 Johnson Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully occupied duplex includes 1429 Blake Blvd SW and 1425 Blake Blvd SE. The SW unit is offered with 859 SF, and the SE unit is offered with 480 SF, providing two separate residential income spaces on one property. In addition to the main dwellings, there is a 20' x 24' workshop located in the back, offering extra on-site utility beyond the primary units.
The property is presented for sale with underwriting that includes estimated operating expenses of $6,179.90, a 10% vacancy factor, and property management considerations. Based on the provided assumptions, the reported capitalization rate is 7.9%.
The property is presented for sale with underwriting that includes estimated operating expenses of $6,179.90, a 10% vacancy factor, and property management considerations. Based on the provided assumptions, the reported capitalization rate is 7.9%.
Key Highlights
- Fully occupied duplex with two separate units: 1429 Blake Blvd SW (859 SF) and 1425 Blake Blvd SE (480 SF)
- Includes an additional 20' x 24' workshop in the rear
- Underwriting shows estimated operating expenses of $6,179.90 (includes a 10% vacancy factor and property management)
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two separate units and an additional 20' x 24' workshop in the rear.
Where is this duplex located?
The property is located at 1429 Blake Rd SW Albuquerque, NM.
What are key features of this property?
This property features: Fully occupied duplex with two separate units: 1429 Blake Blvd SW (859 SF) and 1425 Blake Blvd SE (480 SF); Includes an additional 20' x 24' workshop in the rear; Underwriting shows estimated operating expenses of $6,179.90 (includes a 10% vacancy factor and property management)
