Residential Income Duplex with Outdoor
2404 Cunningham Avenue SE Albuquerque, NM 87106
New
For Sale
$495,000
MULTI_FAMILY - Albuquerque, NM
Property Size1,930 SF
Lot Size0.17 Acres
Price / SF$256.48
Days on Market2
Property Features for 2404 Cunningham Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
- Parking
- 2
- Interior features
- CeilingFans
- Exterior features
- Lighting
- Appliances
- Dryer, Dishwasher, FreeStandingGasRange, Disposal, RangeHood, Washer
- Standard status
- Active
- APN
- 101605113008531020
- Size
- 1,930 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6957
Utilities
- Heating system
- Forced Air, Central
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 2012
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Tile
- Building materials
- Frame, Stucco
Listing Agency:
Realty One of New Mexico
(505) 883-9400
Listed By:
Holly V Adams · License #39286
(505) 450-2981
Added: Jul 25
Last Checked: Jul 26 at 5:06PM
MLS# 1107955
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 duplex-style property has been used as an AirBNB. An owner’s unit is set up with everything except a kitchenette, and most of the furniture is described as available to convey with a new owner. Interior features include 9’ ceilings, recessed lighting, a grand 8x5 kitchen island with granite countertops, 42” birch cabinets, and stainless steel appliances. Refrigerated air is noted, along with an open kitchen and a separated primary suite that could be used as a separate unit.
The home is in Mesa Del Sol, with the community pool and a park described as “right down the street.” Outside, there is a generous, private outdoor area surrounded by a coyote fence. The property also includes a catio or bird sanctuary, along with landscaping and trees.
The home is located at 2404 Cunningham Avenue SE, Albuquerque, NM 87106.
The home is in Mesa Del Sol, with the community pool and a park described as “right down the street.” Outside, there is a generous, private outdoor area surrounded by a coyote fence. The property also includes a catio or bird sanctuary, along with landscaping and trees.
The home is located at 2404 Cunningham Avenue SE, Albuquerque, NM 87106.
Key Highlights
- Home built in 2012 with forced air heating and central cooling
- 9' ceilings with recessed lighting and ceiling fan cooling
- Kitchen features an 8x5 kitchen island with granite countertops, 42" birch cabinets, and stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $25.2k | $13.04 |
| − OpEx | −$7.6k | −$3.91 |
| NOI | $17.6k | $9.13 |
1,930 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$251.7K
$220.2K – $293.6K
NOI $17,618 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$232.9K
$203.8K – $271.7K
NOI $16,302 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$466.9K
$408.5K – $544.7K
NOI $32,683 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex-style home previously operated as an AirBNB, featuring a private outdoor area and a separated primary suite.
Where is this duplex located?
The property is located at 2404 Cunningham Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Home built in 2012 with forced air heating and central cooling; 9' ceilings with recessed lighting and ceiling fan cooling; Kitchen features an 8x5 kitchen island with granite countertops, 42" birch cabinets, and stainless steel appliances
