Modernized Fourplex with Private
For Sale
$522,500
2810 Vail Ave Se, Albuquerque, NM 87106
Four two-bedroom apartments offer separate utility metering, laundry hookups, and updated interiors near major institutional and transportation hubs.
Property Size3,100 SF
Price / SF$168.55
Days on Market76
Property Features for 2810 Vail Ave Se
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,643
Amenities
private patio/balcony
washer/dryer hookups
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Source:
Exprealty
Added: Jul 30
Changed: Oct 9
Last Checked: Oct 12 at 11:21PM
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 NM Apartment Advisors, Inc.
Investment Insights
Based on property information with market context.
Located at 2810 Vail Ave SE in Albuquerque, this fourplex contains four two-bedroom, one-bath apartments totaling 3,100 square feet. The residences have received ongoing updates, including contemporary lighting, solid-surface flooring, mechanical improvements, large kitchens with flexible bar areas, and private patios or balconies. Washer and dryer hookups are provided in each unit, while gas and electric service are separately metered.
The property is across from Puerta del Sol Golf Course, with mountain views extending over the course. Its South UNM Campus and Sunport-area setting places the building near UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, Albuquerque International Sunport, and I-25. Building improvements include a newer TPO roof with a transferable warranty and updated evaporative coolers.
Two additional properties at 1809 and 1815 Girard Blvd. SE are also offered for sale and are located next door.
The property is across from Puerta del Sol Golf Course, with mountain views extending over the course. Its South UNM Campus and Sunport-area setting places the building near UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, Albuquerque International Sunport, and I-25. Building improvements include a newer TPO roof with a transferable warranty and updated evaporative coolers.
Two additional properties at 1809 and 1815 Girard Blvd. SE are also offered for sale and are located next door.
Key Highlights
- Four 2‑bedroom, 1‑bath apartments totaling 3,100 square feet
- Gas and electric utilities are separately metered for each apartment
- Private patio or balcony space and washer/dryer hookups in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,299
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,980
$566.0K
Cap Rate 7%
$404,271
$404.3K
Cap Rate 9%
$314,433
$314.4K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$42.8K $13.80/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$40.4K $13.04/SF
− OpEx
−$12.1K −$3.91/SF
NOI
$28.3K $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%
$565,980
Cap Rate 7%
$404,271
Cap Rate 9%
$314,433
Alternative Uses
Best Use
Multifamily LT 5
$404.3K
$353.7K – $471.7K
NOI $28,299 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$374.1K
$327.3K – $436.4K
NOI $26,185 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$750.0K
$656.2K – $875.0K
NOI $52,497 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
625
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
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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?
Quadplex - Four two-bedroom apartments offer separate utility metering, laundry hookups, and updated interiors near major institutional and transportation hubs.
Where is this quadplex located?
The property is located at 2810 Vail Ave Se Albuquerque, NM.
What is the asking price?
The asking price for this property is $522,500.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath apartments totaling 3,100 square feet; Gas and electric utilities are separately metered for each apartment; Private patio or balcony space and washer/dryer hookups in every unit
