5-Unit Apartment
For Sale
$600,000
1612 Gold Avenue SE, Albuquerque, NM 87106
The property sits near UNM and CNM, with tenants currently in place.
Property Size2,564 SF
Price / SF$234.01
Days on Market211
Property Features for 1612 Gold Avenue SE
General Information
Standard status
Active
Size
2,564 SF
Property subtype
MultiFamily
Site & Location
Neighborhood
Sym
Additional Details
Multifamily Units
5
Tenant in Place
Yes
Building Details
Year Built
1941
Listing Agency:
Sperry Van Ness/WACB, Inc.
(505) 256-7573
Listed By:
Timothy R Luten · License #2469
(505) 620-2259
Source:
Chrislucasabq
Added: Apr 7
Changed: Nov 2
Last Checked: Oct 31 at 3:13AM
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 Sperry Van Ness/WACB, Inc.
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Investment Insights
Based on property information with market context.
This 5-unit apartment building contains 2,564 square feet and was built in 1941. Tenants are in place. The property is near UNM and CNM.
Showings require 48 hours’ notice and proof of funds; tenants should not be disturbed.
Showings require 48 hours’ notice and proof of funds; tenants should not be disturbed.
Key Highlights
- Five apartments in a 2,564‑square‑foot building
- Built in 1941
- Near UNM and CNM
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,657
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,140
$433.1K
Cap Rate 7%
$309,386
$309.4K
Cap Rate 9%
$240,633
$240.6K
Market Conditions
NOI Build-Up for 2,564 SF
Gross rent
$41.5K $16.20/SF
− Vacancy
−$2.2K −$0.84/SF
EGI
$39.4K $15.36/SF
− OpEx
−$17.7K −$6.91/SF
NOI
$21.7K $8.45/SF
Area
Albuquerque, NM
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,140
Cap Rate 7%
$309,386
Cap Rate 9%
$240,633
Alternative Uses
Best Use
Apartment 5plus
$309.4K
$270.7K – $361.0K
NOI $21,657 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$620.3K
$542.8K – $723.7K
NOI $43,420 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,993
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property sits near UNM and CNM, with tenants currently in place.
Where is this apartment building located?
The property is located at 1612 Gold Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Five apartments in a 2,564‑square‑foot building; Built in 1941; Near UNM and CNM
