4-Unit Multifamily
209 General Stilwell Street NE, Albuquerque, NM 87123
For Sale
$415,000
The rental mix includes one- and two-bedroom apartments.
Property Size3,120 SF
Price / SF$133.01
Days on Market99
Property Features for 209 General Stilwell Street NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
private enclosed courtyards
Building Details
Building Size
Year Built
Listing Agency:
Trinity Apartment Company LLC
Listed By:
Trey W. Whaley · License NM REC20250899
(505) 269-1824
Source:
Thelovelyhomecompany
Added: Aug 4
Changed: Nov 7
Last Checked: Nov 9 at 5:30PM
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
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Investment Insights
Based on property information with market context.
Located at 209 General Stilwell Street NE in Albuquerque, this 3,120-square-foot multifamily property was built in 1977 and contains four residences. The configuration comprises three two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit.
Property features include off-street parking, enclosed private courtyards, newer windows, and newer stucco.
Property features include off-street parking, enclosed private courtyards, newer windows, and newer stucco.
Key Highlights
- Four residences across 3,120 square feet
- Three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,482
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
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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
$236,400
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Albuquerque, NM
Properties on Market for Multifamily properties in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The rental mix includes one- and two-bedroom apartments.
Where is this multifamily property located?
The property is located at 209 General Stilwell Street 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 residences across 3,120 square feet; Three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; Off‑street parking
