Leased Quadplex
For Sale
Contact for pricing
Pending
308 Virginia St NE, Albuquerque, NM 87108
Four separately metered, 2-bedroom units are fully leased, with recent roof replacement and partial unit upgrades.
Property SizeContact for details
Days on Market297
Property Features for 308 Virginia St NE
General Information
Standard status
Pending
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
R-ML
Occupancy
100%
Additional Details
Fenced Yard
Yes
Multifamily Units
4
Building Details
Year Built
1979
Year Renovated
2020
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
The VillaRealty Group
Listed By:
Leslie Villareal · License #20240101
Source:
Crexi
Added: Oct 20, 2025
Changed: Aug 8
Last Checked: Jul 24 at 3:42PM
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 The VillaRealty Group
Investment Insights
Based on property information with market context.
This quadplex contains four separately metered units, each configured as a 2-bedroom, 1-bath layout. The property is fully fenced and gated, and includes two parking spaces per unit. Recent improvements include a roof replacement in 2020, and upgrades to two units in 2022 featuring vinyl plank flooring and new bathroom amenities.
All four units are currently leased. The public information notes that three units rent at $1,206 and one unit rents at $825. For additional photos and details, the listing provides a FlexMLS link.
This is a straightforward income property setup with consistent unit design across all four units and independent metering for each unit.
All four units are currently leased. The public information notes that three units rent at $1,206 and one unit rents at $825. For additional photos and details, the listing provides a FlexMLS link.
This is a straightforward income property setup with consistent unit design across all four units and independent metering for each unit.
Key Highlights
- 1979‑built 4‑unit property with all units currently leased (3 at $1,206 and 1 at $825)
- Roof replaced in 2020
- 2 units upgraded in 2022 with vinyl plank flooring and new bathroom amenities
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered, 2-bedroom units are fully leased, with recent roof replacement and partial unit upgrades.
Where is this quadplex located?
The property is located at 308 Virginia St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1979‑built 4‑unit property with all units currently leased (3 at $1,206 and 1 at $825); Roof replaced in 2020; 2 units upgraded in 2022 with vinyl plank flooring and new bathroom amenities
