Residential Duplex with Private Outdoor
New
For Sale
$495,000
2404 Cunningham Avenue SE, Albuquerque, NM 87106
MULTI_FAMILY - Albuquerque, NM
Property Size1,930 SF
Lot Size0.17 Acres
Price / SF$256.48
Days on Market6
Property Features for 2404 Cunningham Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
PC
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking
2
Interior features
CeilingFans
Exterior features
Lighting
Appliances
Dryer, Dishwasher, FreeStandingGasRange, Disposal, RangeHood, Washer
Subdivision
Mesa Del Sol Neighborhood Montage
Directions
Take University South to Strand Loop SE, west (right) to first street, north (right) on Cunningham to address.
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
Central, Forced Air
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
Changed: Jul 29
Last Checked: Jul 30 at 1:06PM
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 has been used as an AirBNB, with an owner’s unit configuration that includes all but a kitchenette. The home features 9' ceilings, recessed lighting, and a kitchen with a grand 8x5 island with granite countertops, rich 42'' birch cabinetry, stainless steel appliances, and a tankless water heater. Refrigerated air is also included, along with an open kitchen layout and a separated primary suite that could be used as a separate unit.
The property includes a generous, private outdoor area surrounded by a coyote fence. The remarks also note a catio or bird sanctuary.
Located in Mesa Del Sol in Albuquerque, the home is described as right down the street from a community pool and a nearby park, offering convenient proximity to shared amenities and outdoor space.
The property includes a generous, private outdoor area surrounded by a coyote fence. The remarks also note a catio or bird sanctuary.
Located in Mesa Del Sol in Albuquerque, the home is described as right down the street from a community pool and a nearby park, offering convenient proximity to shared amenities and outdoor space.
Key Highlights
- Year built 2012 frame and stucco home with central forced‑air heating and cooling that includes ceiling fans
- Kitchen includes an 8x5 granite counter island and 42 in birch cabinets, plus stainless steel appliances
- Appliances included: dishwasher, free‑standing gas range, range hood, disposal, washer, and dryer
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9 ft
Clear height
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex used as an AirBNB, featuring refrigerated air, a separated primary suite, and a private outdoor area.
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: Year built 2012 frame and stucco home with central forced‑air heating and cooling that includes ceiling fans; Kitchen includes an 8x5 granite counter island and 42 in birch cabinets, plus stainless steel appliances; Appliances included: dishwasher, free‑standing gas range, range hood, disposal, washer, and dryer
