Four-Unit
2100 High St SE, Albuquerque, NM 87102
For Sale
New
$735,000
Each residence spans two levels and includes three bedrooms and one-and-a-half bathrooms.
Property Size2,588 SF
Price / SF$284
Days on Market5
Property Features for 2100 High St SE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Building Details
Year Built
Listing Agency:
Trinity Apartment Company LLC
Listed By:
Trey W. Whaley · License #20250899
(505) 622-3240
Source:
Myabqhomesearch
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 8:54AM
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.
This 2,588-square-foot quadplex contains four two-story residences, each configured with three bedrooms and one-and-a-half bathrooms. Built in 1982, the property has undergone a comprehensive renovation. The reported cap rate is 6.57%.
Lobo Crossings, a 38-acre retail and dining development under construction, is a short walk away.
Lobo Crossings, a 38-acre retail and dining development under construction, is a short walk away.
Key Highlights
- Four residences, each with 3 bedrooms and 1.5 bathrooms
- Two‑story layout in each unit
- 2,588 square feet; built in 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,625
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,500
$472.5K
Cap Rate 7%
$337,500
$337.5K
Cap Rate 9%
$262,500
$262.5K
Market Conditions
NOI Build-Up for 2,588 SF
Gross rent
$35.7K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$33.8K $13.04/SF
− OpEx
−$10.1K −$3.91/SF
NOI
$23.6K $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%
$472,500
Cap Rate 7%
$337,500
Cap Rate 9%
$262,500
Alternative Uses
Best Use
Multifamily LT 5
$337.5K
$295.3K – $393.8K
NOI $23,625 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$312.3K
$273.3K – $364.3K
NOI $21,860 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$626.1K
$547.8K – $730.4K
NOI $43,826 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
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Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence spans two levels and includes three bedrooms and one-and-a-half bathrooms.
Where is this quadplex located?
The property is located at 2100 High St SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Four residences, each with 3 bedrooms and 1.5 bathrooms; Two‑story layout in each unit; 2,588 square feet; built in 1982
