1609 Lundy Lane SW Albuquerque, NM 87105
MULTI_FAMILY - Albuquerque, NM
- Added:
- Jun 28, 2026
- Days on Market:
- 15
- Last Refresh:
- Jul 12 at 6:06 pm
Property Features for 1609 Lundy Lane SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2
- Parking
- 2
- Interior features
- CeilingFans
- Appliances
- Dryer, FreeStandingGasRange, Refrigerator, Washer
- Standard status
- Active
- APN
- 101205641413440926
- Size
- 2,766 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3465
Utilities
- Heating system
- Forced Air, Central
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1941
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Laminate, Carpet
- Building materials
- Frame, Stucco
Listing agent Rafael De La Fuente License #54000 (505) 550-5594
Listing office EXP Realty LLC 100 Sun Avenue #650, Albuquerque, NM (505) 554-3873
Listing date Jun 28, 2026
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.
The property is located at 1609 Lundy Lane SW in Albuquerque, New Mexico 87105, in Bernalillo County. Each unit includes parking for two or more vehicles, and the overall site provides a spacious lot setting.
This configuration can work well for investors seeking a multi-unit rental setup or for an owner-occupant looking to offset housing expenses with rental income. With modern updates already completed, the property presents a straightforward option for tenants or buyers who prefer a move-in-ready, three-unit layout with dedicated parking for each unit.
Key Highlights
- Fully remodeled triplex on 0.28 acres with 3 units and ample parking (each unit has parking for two or more vehicles)
- Unit C is a 3BR/1BA unit with approx. 1,300 SF and includes new windows
- Units A and B are each 2BR/1BA units with approx. 733 SF each
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.2k | $13.80 |
| − Vacancy | −$2.4k | −$0.85 |
| EGI | $35.8k | $12.95 |
| − OpEx | −$10.7k | −$3.88 |
| NOI | $25.1k | $9.06 |
