Eight-Unit Brick Apartment
For Sale
$1,250,000
2632 Dakota St NE, Albuquerque, NM 87110
Eight residences span two attached fourplexes, with private outdoor areas, individual carports, and dedicated storage.
Property Size7,780 SF
Price / SF$160.67
Days on Market10
Property Features for 2632 Dakota St NE
General Information
Standard status
Active
Size
7,780 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
8
Amenities
private patios
yards
carport
storage room
Building Details
Year Built
1960
Construction
brick
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 6:53PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 7,780-square-foot apartment property comprises two attached fourplexes on separate lots and is being offered as one property. The brick building has a pitched roof and was built in 1960. Most apartments measure 925 square feet and feature vaulted ceilings; one includes an approximately 1,200-square-foot family room with a fireplace. Private patios and yards, a carport for each residence, and a large storage room for each fourplex are among the on-site features. Several units have updated vinyl plank flooring and tile.
Key Highlights
- Two attached fourplexes on separate lots, offered together as one property
- 7,780 square feet; built in 1960
- Most apartments are 925 square feet; one has an approximately 1,200‑square‑foot family room with fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,715
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,300
$1.3M
Cap Rate 7%
$938,786
$938.8K
Cap Rate 9%
$730,167
$730.2K
Market Conditions
NOI Build-Up for 7,780 SF
Gross rent
$126.0K $16.20/SF
− Vacancy
−$6.6K −$0.84/SF
EGI
$119.5K $15.36/SF
− OpEx
−$53.8K −$6.91/SF
NOI
$65.7K $8.45/SF
Area
Albuquerque, NM
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,300
Cap Rate 7%
$938,786
Cap Rate 9%
$730,167
Alternative Uses
Best Use
Apartment 5plus
$938.8K
$821.4K – $1.10M
NOI $65,715 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,750 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
Explore this area
Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight residences span two attached fourplexes, with private outdoor areas, individual carports, and dedicated storage.
Where is this apartment building located?
The property is located at 2632 Dakota St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two attached fourplexes on separate lots, offered together as one property; 7,780 square feet; built in 1960; Most apartments are 925 square feet; one has an approximately 1,200‑square‑foot family room with fireplace
