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Renovated Two-Unit Duplex
For Sale
$449,900

1505 -1507 1/2 Marble Avenue NW, Albuquerque, NM 87104

Income property with one updated residence, one leased unit, and a detached rear structure on a spacious lot.

Property SizeContact for details
Days on Market52

Property Features for 1505 -1507 1/2 Marble Avenue NW

General Information

Standard status Active
Property subtype Duplex

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Amenities

Multi Units
Refrigerated
Central
Ductless
Forced Air
Dryer
Dishwasher
Free-Standing Gas Range
Microwave
Refrigerator
Washer
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building Details

Year Built 1916
Listing Agency: Albuquerque Westside
Listed By: Will Beecher · License #37193
Source: Kw
Added: Aug 6 Changed: Sep 25 Last Checked: Sep 26 at 2:02PM

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 Albuquerque Westside

Investment Insights

Based on property information with market context.

This duplex contains two 1-bedroom, 1-bath residences, including one renovated unit and another that is currently leased. The unleased residence provides flexibility for owner occupancy or future leasing. A detached structure at the rear adds separate space for storage or workshop use, subject to buyer verification.

The property is located at 1505–1507 1/2 Marble Avenue NW in Albuquerque, near Historic Old Town, Downtown, museums, restaurants, breweries, parks, and major commuter routes. Connected utilities include electricity, natural gas, sewer, and water. Interior systems and appliances include refrigerated cooling, central and ductless systems, forced air, laundry equipment, a dishwasher, range, microwave, and refrigerator. Built in 1916.

Key Highlights

  • Two 1‑bedroom, 1‑bath units
  • One residence has been renovated
  • The second unit is currently leased

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Locksmith Home Appliance Store Pet Grooming Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,131
Businesses Nearby

Demographics for 87104, NM

12,537
Population
6,628
Households
1.9
Avg Household Size
43
Median Age
48%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
2,985
Density / Sq Mi
$67,714
Median Household Income
$55,156
Median Earnings
$1,022
Median Rent
$300,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Income property with one updated residence, one leased unit, and a detached rear structure on a spacious lot.
Where is this duplex located?
The property is located at 1505 -1507 1/2 Marble Avenue NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units; One residence has been renovated; The second unit is currently leased
More about this property
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