4-Unit
For Sale
$459,000
229 Hanosh Ct Unit 4, Albuquerque, NM 87123
All four apartments are occupied, each with two bedrooms and one bathroom.
Property Size2,540 SF
Price / SF$180.71
Days on Market36
Property Features for 229 Hanosh Ct Unit 4
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1977
Listing Agency:
Double Eagle Real Estate
Listed By:
Christie L Humphrey · License #14252
(505) 414-0146
Source:
Albuquerquehomefinders
Added: Sep 18
Changed: Oct 21
Last Checked: Oct 20 at 9:36PM
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 Double Eagle Real Estate
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 four-unit residential property contains 2,540 square feet across apartments measuring 635 square feet each. Every unit has two bedrooms and one bathroom. Tile flooring runs throughout, and the bathrooms have updated tile finishes. A newer TPO roof is also in place. The building dates to 1977.
Freeway access and shopping are available nearby. The property is located at 229 Hanosh Ct in Albuquerque, New Mexico.
Freeway access and shopping are available nearby. The property is located at 229 Hanosh Ct in Albuquerque, New Mexico.
Key Highlights
- Four apartments, each 635 square feet with 2 bedrooms and 1 bathroom
- All four units are occupied
- 2,540‑square‑foot property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,187
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,740
$463.7K
Cap Rate 7%
$331,243
$331.2K
Cap Rate 9%
$257,633
$257.6K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$35.1K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$33.1K $13.04/SF
− OpEx
−$9.9K −$3.91/SF
NOI
$23.2K $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 Rate 5%
$463,740
Cap Rate 7%
$331,243
Cap Rate 9%
$257,633
Alternative Uses
Best Use
Multifamily LT 5
$331.2K
$289.8K – $386.5K
NOI $23,187 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$306.5K
$268.2K – $357.6K
NOI $21,455 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$614.5K
$537.7K – $716.9K
NOI $43,013 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are occupied, each with two bedrooms and one bathroom.
Where is this quadplex located?
The property is located at 229 Hanosh Ct Unit 4 Albuquerque, NM.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Four apartments, each 635 square feet with 2 bedrooms and 1 bathroom; All four units are occupied; 2,540‑square‑foot property
