Quadplex with
For Sale
$425,155
217 General Stilwell Street NE, Albuquerque, NM 87108
ResidentialIncome, Albuquerque, NM
Property Size3,200 SF
Lot Size0.17 Acres
Price / SF$132.86
Days on Market30
Property Features for 217 General Stilwell Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-MH*
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 1
Patio and Porch features
Patio
Exterior features
Patio
Appliances
FreeStandingGasRange, Refrigerator
Subdivision
Waggoman Denison Addition
Directions
From Wyoming And Lomas South To Copper. East To General Stillwell. South To Property. Do Not Disturb Tenants. No Sign On Property.
Standard status
Active
APN
102005711109231029
Size
3,200 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2932
Utilities
Heating system
Central
Building Details
Year built
1975
Floors in Building
1
Number of units
4
Flooring type
Carpet, Laminate
Building materials
Stucco
Listing Agency:
Maestas Real Estate Services
(505) 463-3565
Listed By:
Anita Maestas · License #16029
(505) 463-3565
Added: Aug 1
Changed: Aug 27
Last Checked: Aug 30 at 10:06AM
MLS# 1109537
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,200 square feet on a 0.17-acre lot and was built in 1975. The building includes four bathrooms and seven bedrooms, with stucco exterior construction, carpet and laminate flooring, central heating, and a patio. Each unit-style residence is supported by a free-standing gas range and refrigerator appliances.
The property is located at 217 General Stilwell Street NE in Albuquerque, within reach of Kirtland Air Force Base, Sandia National Laboratories, Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurants, and public transportation. The surrounding employment and transportation context places the property within an established Albuquerque rental corridor.
The property is located at 217 General Stilwell Street NE in Albuquerque, within reach of Kirtland Air Force Base, Sandia National Laboratories, Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurants, and public transportation. The surrounding employment and transportation context places the property within an established Albuquerque rental corridor.
Key Highlights
- Quadplex with 3,200 square feet of building area
- 0.17‑acre lot with a patio
- Four bathrooms and seven bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,240
$584.2K
Cap Rate 7%
$417,314
$417.3K
Cap Rate 9%
$324,578
$324.6K
Market Conditions
NOI Build-Up for 3,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.2K $13.80/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$41.7K $13.04/SF
− OpEx
−$12.5K −$3.91/SF
NOI
$29.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,240
Cap Rate 7%
$417,314
Cap Rate 9%
$324,578
Alternative Uses
Best Use
Multifamily LT 5
$417.3K
$365.2K – $486.9K
NOI $29,212 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$386.1K
$337.9K – $450.5K
NOI $27,029 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$774.1K
$677.4K – $903.2K
NOI $54,190 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with central heating, a gas range, and refrigerator appliances.
Where is this quadplex located?
The property is located at 217 General Stilwell Street NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $425,155.
What are key features of this property?
This property features: Quadplex with 3,200 square feet of building area; 0.17‑acre lot with a patio; Four bathrooms and seven bedrooms
