Triplex with Private
2215 Hooper Road SW, Albuquerque, NM 87105
For Sale
$335,000
Residential Income, Albuquerque, NM
Property Size2,483 SF
Lot Size0.16 Acres
Price / SF$134.92
Days on Market61
Property Features for 2215 Hooper Road SW
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Listing Agency:
The Sanchez Group Realty
(505) 384-3042
Listed By:
Brandon C Sanchez · License NM #20197
(505) 720-4332
Added: Sep 15
Changed: Nov 13
Last Checked: Nov 14 at 2:06AM
MLS# 1111408
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.
Built in 1946, this Albuquerque triplex contains three distinct residences, each with its own entrance. The units measure 515, 620, and 1,250 square feet, with floor plans that vary in size. The property is zoned R-1 and occupies a 0.16-acre lot at 2215 Hooper Road SW.
Key Highlights
- Three residential units measuring 515, 620, and 1,250 square feet
- Separate entrances for each unit
- 0.16‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,506
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,120
$450.1K
Cap Rate 7%
$321,514
$321.5K
Cap Rate 9%
$250,067
$250.1K
Market Conditions
NOI Build-Up for 2,483 SF
Gross rent
$34.3K $13.80/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$32.2K $12.95/SF
− OpEx
−$9.6K −$3.88/SF
NOI
$22.5K $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%
$450,120
Cap Rate 7%
$321,514
Cap Rate 9%
$250,067
Alternative Uses
Best Use
Multifamily LT 5
$321.5K
$281.3K – $375.1K
NOI $22,506 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$295.5K
$258.6K – $344.8K
NOI $20,686 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$541.8K
$474.1K – $632.1K
NOI $37,924 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
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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
$200,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Albuquerque, NM
Properties on Market for Triplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences with individual entrances and flexible floor plans are situated on a 0.16-acre parcel.
Where is this triplex located?
The property is located at 2215 Hooper Road SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Three residential units measuring 515, 620, and 1,250 square feet; Separate entrances for each unit; 0.16‑acre lot
