Triplex with Owner’s
For Sale
$584,900
Pending
2832 Palo Verde Dr NE, Albuquerque, NM 87112
Three spacious residences include fireplaces, while the primary unit adds a garage and expanded bedroom and bath count.
Property Size3,288 SF
Days on Market49
Property Features for 2832 Palo Verde Dr NE
General Information
Standard status
Pending
Size
3,288 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Amenities
fireplace
Building Details
Year Built
1980
Listing Agency:
Double Eagle Real Estate
(505) 883-1414
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 20 at 8:26PM
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 Double Eagle Real Estate
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Investment Insights
Based on property information with market context.
Built in 1980, this 3,288-square-foot triplex contains three residences with spacious rooms, living areas, kitchens, and fireplaces. The owner’s residence includes three bedrooms, two bathrooms, and a two-car garage. Neutral interior colors are featured throughout, and the property has a TPO roof dated 2026.
Located at 2832 Palo Verde Dr NE in Albuquerque, the property offers city and mountain views. The three-unit configuration supports occupancy of the entire building or use of one residence with the others rented, as described in the property information.
Located at 2832 Palo Verde Dr NE in Albuquerque, the property offers city and mountain views. The three-unit configuration supports occupancy of the entire building or use of one residence with the others rented, as described in the property information.
Key Highlights
- Three‑unit triplex totaling 3,288 square feet
- Owner’s unit includes 3 bedrooms, 2 baths, and a 2‑car garage
- Each unit features a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,015
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,300
$600.3K
Cap Rate 7%
$428,786
$428.8K
Cap Rate 9%
$333,500
$333.5K
Market Conditions
NOI Build-Up for 3,288 SF
Gross rent
$45.4K $13.80/SF
− Vacancy
−$2.5K −$0.76/SF
EGI
$42.9K $13.04/SF
− OpEx
−$12.9K −$3.91/SF
NOI
$30.0K $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%
$600,300
Cap Rate 7%
$428,786
Cap Rate 9%
$333,500
Alternative Uses
Best Use
Multifamily LT 5
$428.8K
$375.2K – $500.3K
NOI $30,015 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$396.8K
$347.2K – $462.9K
NOI $27,773 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$795.4K
$696.0K – $928.0K
NOI $55,680 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
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Business Placement
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three spacious residences include fireplaces, while the primary unit adds a garage and expanded bedroom and bath count.
Where is this triplex located?
The property is located at 2832 Palo Verde Dr NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $584,900.
What are key features of this property?
This property features: Three‑unit triplex totaling 3,288 square feet; Owner’s unit includes 3 bedrooms, 2 baths, and a 2‑car garage; Each unit features a fireplace
