Updated Fourplex Near
For Sale
$522,500
2810 Vail Avenue SE, Albuquerque, NM 87106
ResidentialIncome, Albuquerque, NM
Property Size3,100 SF
Lot Size0.17 Acres
Price / SF$168.55
Days on Market70
Property Features for 2810 Vail Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-ML*
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 6
Parking
6
Exterior features
Landscaping
Appliances
Refrigerator
Subdivision
Land Contrend Ltd
Directions
From I-25 and Gibson - west to Girard, north to Vail/Girard, west to property.
Standard status
Active
APN
101605624910530204
Size
3,100 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Tr A-2-A Of Summary Plat Of A Portion Of Tr A-2 Of Land Of C Ontrends Ltd.
Tax Annual Amount
5643
Legal Description
Tr A-2-A Of Summary Plat Of A Portion Of Tr A-2 Of Land Of C Ontrends Ltd.
Utilities
Heating system
Forced Air, Central
Amenities
private patio/balcony
washer/dryer hookups
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Frame, Stucco
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Added: Jul 30
Changed: Sep 27
Last Checked: Oct 7 at 8:06AM
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.
Investment Insights
Based on property information with market context.
Built in 1984, this four-unit residential property contains 3,100 square feet across four two-bedroom, one-bath apartments. Each unit includes a private patio or balcony, washer and dryer hookups, separately metered gas and electric service, large kitchens with bar seating, contemporary lighting, solid-surface flooring, and updated mechanical components. Refrigerator appliances are included. The building has frame and stucco construction, landscaping, a newer TPO roof with transferable warranty, and updated evaporative coolers.
The property is positioned across from Puerta del Sol Golf Course, with mountain views over the course. It is near UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the ABQ Sunport, and I-25. The 0.17-acre site is located at 2810 Vail Avenue SE in Albuquerque, New Mexico.
The property is positioned across from Puerta del Sol Golf Course, with mountain views over the course. It is near UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the ABQ Sunport, and I-25. The 0.17-acre site is located at 2810 Vail Avenue SE in Albuquerque, New Mexico.
Key Highlights
- Four‑unit property with 3,100 square feet
- Each apartment has 2 bedrooms and 1 bathroom
- Separate gas and electric metering for 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.
Property Analytics
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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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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 private outdoor space, laundry hookups, and separate gas and electric metering.
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‑unit property with 3,100 square feet; Each apartment has 2 bedrooms and 1 bathroom; Separate gas and electric metering for every unit
