Four-Unit Property with
For Sale
$415,000
205 General Stilwell St Ne, Albuquerque, NM 87123
Four residential units offer a mix of enclosed outdoor areas, off-street parking, updated windows, and newer stucco.
Property Size3,120 SF
Price / SF$133.01
Days on Market26
Property Features for 205 General Stilwell St Ne
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$48,300
Taxes and HOA fees
Annual Taxes
$525
Amenities
off-street parking
private enclosed courtyards
Listing Agency:
Trinity Apartment Company LLC
(505) 269-1824
Listed By:
Trey W. Whaley · License #20250899
(505) 269-1824
Source:
Exprealty
Added: Aug 4
Changed: Aug 26
Last Checked: Aug 29 at 11:20AM
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 Trinity Apartment Company LLC
Investment Insights
Based on property information with market context.
This four-unit residential property at 205 General Stilwell St NE includes three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The 3,120-square-foot building features private enclosed courtyards, off-street parking, newer windows, and newer stucco.
Located in Albuquerque, NM, the property provides a defined unit mix within a single multifamily asset. Its combination of four residences, outdoor spaces, parking, and recent exterior improvements supports continued residential rental use.
Located in Albuquerque, NM, the property provides a defined unit mix within a single multifamily asset. Its combination of four residences, outdoor spaces, parking, and recent exterior improvements supports continued residential rental use.
Key Highlights
- Four‑unit residential property totaling 3,120 square feet
- Unit mix includes three 2 bed/1 bath units and one 1 bed/1 bath unit
- Private enclosed courtyards for the units
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
$28,482
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
6.86%
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%
$569,640
$569.6K
Cap Rate 7%
$406,886
$406.9K
Cap Rate 9%
$316,467
$316.5K
Market Conditions
NOI Build-Up for 3,120 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
$43.1K $13.80/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$40.7K $13.04/SF
− OpEx
−$12.2K −$3.91/SF
NOI
$28.5K $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%
$569,640
Cap Rate 7%
$406,886
Cap Rate 9%
$316,467
Alternative Uses
Best Use
Multifamily LT 5
$406.9K
$356.0K – $474.7K
NOI $28,482 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$376.5K
$329.4K – $439.2K
NOI $26,354 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$754.8K
$660.4K – $880.6K
NOI $52,835 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a mix of enclosed outdoor areas, off-street parking, updated windows, and newer stucco.
Where is this quadplex located?
The property is located at 205 General Stilwell St Ne Albuquerque, NM.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four‑unit residential property totaling 3,120 square feet; Unit mix includes three 2 bed/1 bath units and one 1 bed/1 bath unit; Private enclosed courtyards for the units
