Updated 4-Unit
For Sale
$510,000
205 Stanford Drive SE, Albuquerque, NM 87106
ResidentialIncome, Albuquerque, NM
Property Size2,000 SF
Lot Size0.16 Acres
Price / SF$255
Days on Market52
Property Features for 205 Stanford Drive SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-ML*
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3
Appliances
FreeStandingGasRange, Refrigerator
Subdivision
University Hts Add
Directions
From Central & Stanford drive South to property.
Standard status
Active
APN
101605709921832111
Size
2,000 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
4860
Utilities
Heating system
Ductless (Heating)
Building Details
Year built
1940
Floors in Building
1
Number of units
4
Flooring type
Laminate
Building materials
Frame, Stucco
Listing Agency:
Realty One of New Mexico, LLC
(505) 717-9517
Listed By:
John Lucero · License #47657
(505) 507-9671
Added: Aug 25
Changed: Oct 14
Last Checked: Oct 15 at 4:06AM
MLS# 1110079
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 contains 2,000 square feet on a 0.16-acre lot. Built in 1940, it has updated units, frame and stucco construction, laminate flooring, and ductless heating. A freestanding gas range and refrigerator are among the listed appliances, and off-street parking is available.
The property is near UNM, CNM, Nob Hill, shopping, dining, and major transportation routes in Albuquerque.
The property is near UNM, CNM, Nob Hill, shopping, dining, and major transportation routes in Albuquerque.
Key Highlights
- Four‑unit configuration
- 2,000 square feet on a 0.16‑acre lot
- Updated units with laminate flooring and ductless heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,257
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,140
$365.1K
Cap Rate 7%
$260,814
$260.8K
Cap Rate 9%
$202,856
$202.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$27.6K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$26.1K $13.04/SF
− OpEx
−$7.8K −$3.91/SF
NOI
$18.3K $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 Rate 5%
$365,140
Cap Rate 7%
$260,814
Cap Rate 9%
$202,856
Alternative Uses
Best Use
Multifamily LT 5
$260.8K
$228.2K – $304.3K
NOI $18,257 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$241.3K
$211.2K – $281.6K
NOI $16,893 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$483.8K
$423.4K – $564.5K
NOI $33,869 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,411
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Off-street parking serves the four-unit property near UNM and CNM.
Where is this quadplex located?
The property is located at 205 Stanford Drive SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four‑unit configuration; 2,000 square feet on a 0.16‑acre lot; Updated units with laminate flooring and ductless heating
