Four-Unit Residential
1920 Lead Avenue SE Albuquerque, NM 87106
New
For Sale
$546,500
MULTI_FAMILY - Albuquerque, NM
Property Size2,038 SF
Lot Size0.21 Acres
Price / SF$268.16
Days on Market7
Property Features for 1920 Lead Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
3
Bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Basement, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1
Parking
8
Interior features
CeilingFans
Fireplace
1
Appliances
Dryer, FreeStandingGasRange, Refrigerator, Washer
Standard status
Active
APN
101505743017641621
Size
2,038 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
4095
Utilities
Heating system
Ductless (Heating), Electric (Heating), Zoned
Cooling system
Ductless, Ceiling Fan(s)
Building Details
Year built
1935
Floors in Building
1
Number of units
4
Flooring type
Wood, Carpet, Concrete, Tile, Vinyl
Building materials
Frame, Stucco
Listing Agency:
Deacon Property Services
(505) 878-0100
Listed By:
Kyle E Deacon · License #15579
(505) 878-0100
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 27 at 12:06PM
MLS# 1107834
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.
This four-unit residential property offers four distinct apartment floor plans and contemporary finishes throughout. Recent upgrades include a newer roof, thermal windows, updated electrical service, and zoned mini-split heating and cooling in all units. The property also includes a detached garage that is separately metered for electric.
The large lot provides substantial off-street parking and multiple access options, with entry off both the alley and Lead Ave. The home is described as being close to Roosevelt Park, CNM, UNM Hospital, and Downtown, and approximately two blocks to Presbyterian Hospital.
With four units in place and a lot sized at approximately 0.21 acres, the property presents operational options related to outdoor space configuration and additional development possibilities as described by the seller.
The large lot provides substantial off-street parking and multiple access options, with entry off both the alley and Lead Ave. The home is described as being close to Roosevelt Park, CNM, UNM Hospital, and Downtown, and approximately two blocks to Presbyterian Hospital.
With four units in place and a lot sized at approximately 0.21 acres, the property presents operational options related to outdoor space configuration and additional development possibilities as described by the seller.
Key Highlights
- 4‑plex in the UNM area with close proximity to Roosevelt Park, CNM, UNM Hospital, Downtown, and Presbyterian Hospital (about 2 blocks)
- Recent upgrades include a newer roof, thermal windows, and updated electrical service
- Zoned mini‑split (ductless) heating and cooling in all units, plus ceiling fans
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 | $28.1k | $13.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $26.6k | $13.04 |
| − OpEx | −$8.0k | −$3.91 |
| NOI | $18.6k | $9.13 |
2,038 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.8K
$232.6K – $310.1K
NOI $18,604 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$245.9K
$215.2K – $286.9K
NOI $17,214 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$493.0K
$431.4K – $575.2K
NOI $34,512 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with recent upgrades including a newer roof, thermal windows, and unit heating/cooling via mini-splits.
Where is this quadplex located?
The property is located at 1920 Lead Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $546,500.
What are key features of this property?
This property features: 4‑plex in the UNM area with close proximity to Roosevelt Park, CNM, UNM Hospital, Downtown, and Presbyterian Hospital (about 2 blocks); Recent upgrades include a newer roof, thermal windows, and updated electrical service; Zoned mini‑split (ductless) heating and cooling in all units, plus ceiling fans
