Duplex with Furnished
1520 55th Street NW, Albuquerque, NM 87105
For Sale
New
$360,000
Residential Income, Albuquerque, NM
Property Size1,718 SF
Lot Size0.14 Acres
Price / SF$209.55
Days on Market2
Property Features for 1520 55th Street NW
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
powered workshop with loft
Building Details
Year built
Number of units
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Tabitha Sanchez · License NM REC20220636
(505) 835-4663
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 8:06PM
MLS# 1113740
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.
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Investment Insights
Based on property information with market context.
This 1,718-square-foot duplex property includes a main residence and a furnished casita with its own entrance. The main home has two living areas. A powered workshop with a loft provides additional work or storage space, and the carport holds approximately five to six vehicles. The roof and refrigerated air system were replaced in 2022. Built in 1959, the property occupies a 0.14-acre lot and is zoned R-1B*.
The casita has a history of furnished stays booked through Airbnb and Furnished Finder, including midterm arrangements of three to six months and shorter bookings. It was also used to accommodate extended guests.
The casita has a history of furnished stays booked through Airbnb and Furnished Finder, including midterm arrangements of three to six months and shorter bookings. It was also used to accommodate extended guests.
Key Highlights
- Furnished casita has a private entrance and a history of stays booked through Airbnb and Furnished Finder
- Main residence includes two separate living areas
- Powered workshop with loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,572
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,440
$311.4K
Cap Rate 7%
$222,457
$222.5K
Cap Rate 9%
$173,022
$173.0K
Market Conditions
NOI Build-Up for 1,718 SF
Gross rent
$23.7K $13.80/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$22.2K $12.95/SF
− OpEx
−$6.7K −$3.88/SF
NOI
$15.6K $9.06/SF
Area
ZIP 87105
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%
$311,440
Cap Rate 7%
$222,457
Cap Rate 9%
$173,022
Alternative Uses
Best Use
Multifamily LT 5
$222.5K
$194.7K – $259.5K
NOI $15,572 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$204.5K
$178.9K – $238.5K
NOI $14,312 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$374.9K
$328.0K – $437.3K
NOI $26,240 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
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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
$200,300
Median Home Value
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Market
Average Price Trend$/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 - A separate-entry casita complements the main residence, with a powered workshop and covered vehicle storage on site.
Where is this duplex located?
The property is located at 1520 55th Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Furnished casita has a private entrance and a history of stays booked through Airbnb and Furnished Finder; Main residence includes two separate living areas; Powered workshop with loft
