4-Unit Apartment
2810 Vail Avenue SE, Albuquerque, NM 87106
For Sale
$522,500
Residential Income, Albuquerque, NM
Property Size3,100 SF
Lot Size0.17 Acres
Price / SF$168.55
Days on Market108
Property Features for 2810 Vail Avenue SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
mountain views
private patio/balcony
washer/dryer hookups
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License NM #13711
(505) 440-8633
Added: Jul 30
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 1108204
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.
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Investment Insights
Based on property information with market context.
This 3,100-square-foot, four-unit apartment property was built in 1984 on a 0.17-acre lot. Each residence has two bedrooms and one bathroom, with a private patio or balcony and washer and dryer hookups. Gas and electric service are separately metered by unit. Interior updates include contemporary lighting, solid-surface flooring, refreshed mechanical systems and large kitchens with bar seating. The property also has a newer TPO roof with a transferable warranty and updated evaporative coolers.
The property is across from Puerta del Sol Golf Course, with mountain views over the course. Nearby destinations named for the area include UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the Sunport and I-25. The zoning designation is R-ML*.
The property is across from Puerta del Sol Golf Course, with mountain views over the course. Nearby destinations named for the area include UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the Sunport and I-25. The zoning designation is R-ML*.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,100 square feet on a 0.17‑acre lot; built in 1984
- Separate gas and electric meters for each apartment
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
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
$332,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered homes offer private outdoor areas and in-unit laundry hookups.
Where is this quadplex located?
The property is located at 2810 Vail Avenue 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 apartments, each with 2 bedrooms and 1 bathroom; 3,100 square feet on a 0.17‑acre lot; built in 1984; Separate gas and electric meters for each apartment
