Triplex with Additional
For Sale
$300,000
216 57th Street NW, Albuquerque, NM 87105
ResidentialIncome, Albuquerque, NM
Property Size2,276 SF
Lot Size0.09 Acres
Price / SF$131.81
Days on Market74
Property Features for 216 57th Street NW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
R-1B*
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Appliances
BuiltInGasRange, Dishwasher, Microwave, Refrigerator
Subdivision
C Lavaland Add
Directions
West on Central to 57th (before Coors) turn North to 214 57th Street. On East side of Street.
Standard status
Active
APN
101105726040121122
Size
2,276 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4093
Building Details
Year built
1946
Floors in Building
1
Number of units
3
Flooring type
Laminate
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
J&S Real Estate
(505) 688-4983
Added: Aug 11
Changed: Oct 20
Last Checked: Oct 23 at 12:06AM
MLS# 1112734
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 2,276-square-foot triplex in Albuquerque was built in 1946 and sits on a 0.09-acre lot. All three units are vacant. Unit C is unfinished following sewer-line replacement, and the property is being sold as is. A new sewer line has been installed. Laminate flooring and built-in gas range, dishwasher, microwave, and refrigerator are among the listed features.
Gas and electricity are metered separately by unit. A second lot, already owned and included in the sale, accompanies the property.
Gas and electricity are metered separately by unit. A second lot, already owned and included in the sale, accompanies the property.
Key Highlights
- Three vacant units in a 2,276‑square‑foot triplex
- Unit C is incomplete following sewer‑line replacement; property is offered as is
- New sewer line installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,630
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,600
$412.6K
Cap Rate 7%
$294,714
$294.7K
Cap Rate 9%
$229,222
$229.2K
Market Conditions
NOI Build-Up for 2,276 SF
Gross rent
$31.4K $13.80/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$29.5K $12.95/SF
− OpEx
−$8.8K −$3.88/SF
NOI
$20.6K $9.06/SF
Area
ZIP 87105
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,600
Cap Rate 7%
$294,714
Cap Rate 9%
$229,222
Alternative Uses
Best Use
Multifamily LT 5
$294.7K
$257.9K – $343.8K
NOI $20,630 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$270.9K
$237.0K – $316.0K
NOI $18,961 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$496.6K
$434.5K – $579.4K
NOI $34,763 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - All three units are vacant, and gas and electricity are separately metered for each unit.
Where is this triplex located?
The property is located at 216 57th Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three vacant units in a 2,276‑square‑foot triplex; Unit C is incomplete following sewer‑line replacement; property is offered as is; New sewer line installed
