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Three-Unit Pueblo-Style Triplex
For Sale
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316 Grove St SE, Albuquerque, NM 87108

Three rental units span two buildings and include appliances, security features, and two storage sheds.

Property SizeContact for details
Days on Market145

Property Features for 316 Grove St SE

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 2 x 2BR/1BA, 1 x Studio/Efficiency
Multifamily Units 3

Amenities

refrigerator
stove
security bars
storage sheds

Building Details

Buildings 2
Construction Pueblo style
Listing Agency: R1 Commercial
Listed By: Tim Lopez · License #CA 02044550
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 2:48PM

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 R1 Commercial

Investment Insights

Based on property information with market context.

This triplex includes three rental units distributed across two buildings. The front structure contains two apartments, each with two bedrooms and one bathroom, while a separate rear building provides a studio or efficiency unit. Every unit includes a refrigerator and stove. Window security bars with quick-release hardware are also installed throughout the property.

Two storage sheds add on-site storage capacity. The property is located at 316 Grove St SE in Albuquerque, New Mexico.

Key Highlights

  • Three rental units in two buildings
  • Front building includes two 2‑bedroom, 1‑bath units
  • Separate rear studio/efficiency unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Nail Salon Skin Care Clinic Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

828
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three rental units span two buildings and include appliances, security features, and two storage sheds.
Where is this triplex located?
The property is located at 316 Grove St SE Albuquerque, NM.
What are key features of this property?
This property features: Three rental units in two buildings; Front building includes two 2‑bedroom, 1‑bath units; Separate rear studio/efficiency unit
More about this property
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