Triplex with Main
For Sale
Contact for pricing
311 Princeton Dr SE, Albuquerque, NM 87106
Three-unit property includes a main house and basement, with access to university, transit, retail, and surrounding urban amenities.
Property SizeContact for details
Days on Market143
Property Features for 311 Princeton Dr SE
General Information
Standard status
Active
Property subtype
Multifamily
Financials
Asking Price
$459,974
Cap Rate
5.87%
Gross Rent Multiplier
11.27
Average Monthly Rent
$1,133
Additional Details
Public Transit
Yes
Multifamily Units
3
Listing Agency:
N.M. Apartments, Inc.
(505) 440-8633
Listed By:
Todd Clarke · License #13711
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 10:17PM
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 N.M. Apartments, Inc.
Investment Insights
Based on property information with market context.
This three-unit residential income property includes a main house and basement, offering a configuration suited to an owner-occupant or investor. A virtual tour is available for the main house and basement. The source information also identifies furnished units as a potential operating configuration.
The property is located 3 blocks from the University of New Mexico’s main campus and has immediate access to an ART stop. Downtown, Nob Hill, and a Smith’s grocery store are also identified as nearby destinations. Walk Score is 77, Bike Score is 85, and Transit Score is 43, providing measurable context for the surrounding urban setting.
The property is located 3 blocks from the University of New Mexico’s main campus and has immediate access to an ART stop. Downtown, Nob Hill, and a Smith’s grocery store are also identified as nearby destinations. Walk Score is 77, Bike Score is 85, and Transit Score is 43, providing measurable context for the surrounding urban setting.
Key Highlights
- Triplex located 3 blocks from the University of New Mexico’s main campus
- Immediate access to an ART stop
- Includes a main house and basement
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,543
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property includes a main house and basement, with access to university, transit, retail, and surrounding urban amenities.
Where is this triplex located?
The property is located at 311 Princeton Dr SE Albuquerque, NM.
What are key features of this property?
This property features: Triplex located 3 blocks from the University of New Mexico’s main campus; Immediate access to an ART stop; Includes a main house and basement
