Duplex with Detached
For Sale
$400,000
2121 Eton Avenue SE, Albuquerque, NM 87106
ResidentialIncome, Albuquerque, NM
Property Size1,496 SF
Lot Size0.17 Acres
Price / SF$267.38
Days on Market8
Property Features for 2121 Eton Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
SU-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1
Interior features
CeilingFans
Appliances
Dishwasher, FreeStandingGasRange
Directions
From Central Avenue, head south on Yale Boulevard for approximately 0.5 miles, just past Coal Ave. Turn right (west) onto Eton Avenue SE. Continue to 2121 Eton Avenue SE, which will be on your right-hand side of the street.
Subdivision
42 - UNM South
Standard status
Active
APN
101505749805040306
Size
1,496 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2828
Utilities
Cooling system
Ceiling Fan(s)
Building Details
Year built
1949
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Building materials
Stucco
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 293-3700
Listed By:
Jan L. DeMay · License #32495
(505) 450-7635
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 23 at 12:06AM
MLS# 1112744
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.
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Investment Insights
Based on property information with market context.
This single-story duplex contains two 2-bedroom, 1-bathroom units within 1,496 square feet. Each residence has a covered entrance and its own fenced yard. Wood and tile flooring are present, and gas and electricity are separately metered for each unit. A detached garage accommodates two cars, with additional off-street parking on the 0.17-acre parcel.
One unit includes a kitchen with abundant cabinetry, tile backsplash, and a freestanding gas range. The property was built in 1949 and has stucco exterior construction. Its Albuquerque setting is minutes from UNM, CNM, University Stadium, The Pit, the UNM baseball stadium, restaurants, and shopping.
One unit includes a kitchen with abundant cabinetry, tile backsplash, and a freestanding gas range. The property was built in 1949 and has stucco exterior construction. Its Albuquerque setting is minutes from UNM, CNM, University Stadium, The Pit, the UNM baseball stadium, restaurants, and shopping.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,496‑square‑foot, single‑story duplex on a 0.17‑acre lot
- Separate gas and electric meters for each residence
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.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences provide individual fenced outdoor space and covered entrances.
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 on a 0.17‑acre lot; Separate gas and electric meters for each residence
