Triplex Residential Income
313 McKnight - Main A & B Avenue NE Albuquerque, NM 87102
313 McKnight - Main A & B Avenue NE, Albuquerque, NM, 87102
$474,900
For Sale
$474,900
MULTI_FAMILY - Albuquerque, NM
Property Size2,733 SF
Lot Size0.35 Acres
Price / SF$173.77
Days on Market184
Property Features for 313 McKnight - Main A & B Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 1
- Appliances
- Dishwasher, FreeStandingElectricRange, Disposal, Refrigerator
- Standard status
- Active
- APN
- 101405951105541404
- Size
- 2,733 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Description
- E'ly 45Ft Of Lt 17 Blk 9 Replat Of Franciscan Acres
- Tax Annual Amount
- 2363
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1945
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Tile, Vinyl, Carpet
- Building materials
- Frame, Stucco
Listing agency
NM Apartment Advisors, Inc.
(505) 440-8633
Listed by
Todd D Clarke · License #13711
(505) 440-8633
Added: Jan 20 Updated: Jul 22 at 8:13PM Checked: Jul 23 at 3:06AM
MLS# 1097072
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.
This triplex residential income property is offered for sale in Albuquerque, New Mexico. The property size is 2,733 square feet, situated on a 0.35-acre lot.
The address is 313 McKnight – Main, A & B Avenue NE, Albuquerque, NM 87102, in Bernalillo County.
The address is 313 McKnight – Main, A & B Avenue NE, Albuquerque, NM 87102, in Bernalillo County.
Key Highlights
- Built in 1945
- Appliances included: dishwasher, refrigerator, disposal, and free‑standing electric range
- Heating: forced air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.7k | $13.80 |
| − Vacancy | −$2.1k | −$0.76 |
| EGI | $35.6k | $13.04 |
| − OpEx | −$10.7k | −$3.91 |
| NOI | $24.9k | $9.13 |
2,733 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.4K
$311.9K – $415.8K
NOI $24,949 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$329.8K
$288.6K – $384.8K
NOI $23,085 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$661.2K
$578.5K – $771.4K
NOI $46,282 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - For-sale triplex in Albuquerque, NM on a 0.35-acre lot.
Where is this triplex located?
The property is located at 313 McKnight - Main A & B Avenue NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Built in 1945; Appliances included: dishwasher, refrigerator, disposal, and free‑standing electric range; Heating: forced air
