Quadplex Residential Income
For Sale
$528,895
1928 Buena Vista Drive SE, Albuquerque, NM 87106
ResidentialIncome, Albuquerque, NM
Property Size3,816 SF
Lot Size0.14 Acres
Price / SF$138.60
Days on Market52
Property Features for 1928 Buena Vista Drive SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
MX-M*
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1
Parking
6
Appliances
Refrigerator
Subdivision
Clayton Heights Subd
Directions
From I-25 and Gibson, east to Yale, north to Eastern, west to Buena Vista, north to property.
Standard status
Active
APN
101505649905940122
Size
3,816 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Lot 24, Block 13, Clayton Heights Subd
Tax Annual Amount
2620
Legal Description
Lot 24, Block 13, Clayton Heights Subd
Utilities
Heating system
Central
Building Details
Year built
1985
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Listing Agency:
NM Apartment Advisors, Inc.
(505) 440-8633
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 29 at 1:06AM
MLS# 1106970
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 quadplex is offered for sale as a residential income property. The building totals 3,816 square feet and sits on a 0.14-acre lot. It is configured as four separate units within a single property, providing a straightforward framework for a small multifamily portfolio.
The property is located at 1928 Buena Vista Drive SE in Albuquerque, New Mexico 87106, within Bernalillo County. Prospective buyers will want to review site access, unit layouts, and any related building systems and maintenance items as part of their due diligence.
A four-unit setup can appeal to buyers looking for multifamily exposure without the scale of larger apartment complexes. The property’s size and lot footprint may also support straightforward management and leasing for an owner-operator or small investor. For a complete understanding of rent potential and operating costs, confirm current occupancy, unit condition, and any applicable disclosures during the sales process.
The property is located at 1928 Buena Vista Drive SE in Albuquerque, New Mexico 87106, within Bernalillo County. Prospective buyers will want to review site access, unit layouts, and any related building systems and maintenance items as part of their due diligence.
A four-unit setup can appeal to buyers looking for multifamily exposure without the scale of larger apartment complexes. The property’s size and lot footprint may also support straightforward management and leasing for an owner-operator or small investor. For a complete understanding of rent potential and operating costs, confirm current occupancy, unit condition, and any applicable disclosures during the sales process.
Key Highlights
- 4‑bedroom home with 4 bathrooms
- Built in 1985
- Central heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,835
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,700
$696.7K
Cap Rate 7%
$497,643
$497.6K
Cap Rate 9%
$387,056
$387.1K
Market Conditions
NOI Build-Up for 3,816 SF
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.
Gross rent
$52.7K $13.80/SF
− Vacancy
−$2.9K −$0.76/SF
EGI
$49.8K $13.04/SF
− OpEx
−$14.9K −$3.91/SF
NOI
$34.8K $9.13/SF
Area
Albuquerque, NM
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,700
Cap Rate 7%
$497,643
Cap Rate 9%
$387,056
Alternative Uses
Best Use
Multifamily LT 5
$497.6K
$435.4K – $580.6K
NOI $34,835 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$460.5K
$402.9K – $537.2K
NOI $32,233 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$923.2K
$807.8K – $1.08M
NOI $64,622 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
647
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property offered for sale in Albuquerque’s 87106 area.
Where is this quadplex located?
The property is located at 1928 Buena Vista Drive SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $528,895.
What are key features of this property?
This property features: 4‑bedroom home with 4 bathrooms; Built in 1985; Central heating
