Duplex with Detached
New
For Sale
$400,000
2121 Eton Avenue SE, Albuquerque, NM 87106
Two separate fenced yards, covered entrances, and individually metered gas and electricity serve the units.
Property Size1,496 SF
Price / SF$267.38
Days on Market4
Property Features for 2121 Eton Avenue SE
General Information
Standard status
Active
Size
1,496 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
hardwood floors
covered entrance
fenced yard
separately metered gas and electricity
detached 2-car garage
off-street parking
kitchen with abundant cabinetry, tile backsplash, gas range
Building Details
Year Built
1949
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Legacy
Listed By:
Jan Demay · License #jdemay
(505) 450-7635
Source:
Sandisells
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:01AM
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 Coldwell Banker Legacy
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story duplex contains 1,496 square feet and was built in 1949. Each residence has two bedrooms, one bathroom, hardwood flooring, a covered entrance, and a separate fenced yard. One kitchen includes extensive cabinetry, a tile backsplash, and a gas range. A detached two-car garage and off-street parking provide additional on-site features.
The property is in Albuquerque’s University area, minutes from UNM, CNM, University Stadium, The Pit, the UNM baseball stadium, restaurants, and shopping. Gas and electricity are separately metered for each unit.
The property is in Albuquerque’s University area, minutes from UNM, CNM, University Stadium, The Pit, the UNM baseball stadium, restaurants, and shopping. Gas and electricity are separately metered for each unit.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,496‑square‑foot single‑story duplex built in 1949
- Each unit has hardwood floors, a covered entrance, and a separate fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,657
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,140
$273.1K
Cap Rate 7%
$195,100
$195.1K
Cap Rate 9%
$151,744
$151.7K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$20.6K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.5K $13.04/SF
− OpEx
−$5.9K −$3.91/SF
NOI
$13.7K $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%
$273,140
Cap Rate 7%
$195,100
Cap Rate 9%
$151,744
Alternative Uses
Best Use
Multifamily LT 5
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$180.5K
$158.0K – $210.6K
NOI $12,636 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$361.9K
$316.7K – $422.2K
NOI $25,334 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,131
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate fenced yards, covered entrances, and individually metered gas and electricity serve the units.
Where is this duplex located?
The property is located at 2121 Eton Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,496‑square‑foot single‑story duplex built in 1949; Each unit has hardwood floors, a covered entrance, and a separate fenced yard
