Three-Unit Residential Income
For Sale
$535,150
313 McKnight - Main A & B Avenue NE, Albuquerque, NM 87102
MULTI_FAMILY - Albuquerque, NM
Property Size2,733 SF
Lot Size0.35 Acres
Price / SF$195.81
Days on Market191
Property Features for 313 McKnight - Main A & B Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
MX-L*
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Appliances
Dishwasher, FreeStandingElectricRange, Disposal, Refrigerator
Subdivision
Franciscan Acres
Directions
From Starbucks at Broadway and Lomas - north on Broadway to McKnight, east to property, white fence and sign.
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
Legal Description
E'ly 45Ft Of Lt 17 Blk 9 Replat Of Franciscan Acres
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
Changed: Jul 28
Last Checked: Jul 30 at 11:06PM
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/family compound includes three residences on one large, long lot. The newer house is Unit B, built in 2009. The rear portion of the property (north side) includes a vacant unit available for immediate occupancy by an owner occupant.
The property is located at 313 McKnight - Main, A & B Avenue NE in Albuquerque, NM 87102. Public remarks note close proximity to multiple parks, including a rail trail under construction and a newly completed park expansion, as well as nearby town park and ball fields.
In addition, the seller also owns Unit C next door and is offering that house for sale separately. The remarks also state that if the two properties sell together, the seller will discount the combined pricing for all four units.
The property is located at 313 McKnight - Main, A & B Avenue NE in Albuquerque, NM 87102. Public remarks note close proximity to multiple parks, including a rail trail under construction and a newly completed park expansion, as well as nearby town park and ball fields.
In addition, the seller also owns Unit C next door and is offering that house for sale separately. The remarks also state that if the two properties sell together, the seller will discount the combined pricing for all four units.
Key Highlights
- Family compound with three residences on one large, long lot, including a newer house built in 2009 (Unit B)
- Rear (north) portion is vacant and available for immediate occupancy by an owner occupant
- Unit includes appliances: dishwasher, free‑standing electric range, disposal, and refrigerator
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 4.66%
Second Best
Apartment 5plus
$329.8K
$288.6K – $384.8K
NOI $23,085 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$661.2K
$578.5K – $771.4K
NOI $46,282 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
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 residences on one lot, including a 2009-built Unit B and a rear vacant unit available for immediate owner-occupant occupancy.
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 $535,150.
What are key features of this property?
This property features: Family compound with three residences on one large, long lot, including a newer house built in 2009 (Unit B); Rear (north) portion is vacant and available for immediate occupancy by an owner occupant; Unit includes appliances: dishwasher, free‑standing electric range, disposal, and refrigerator
