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4-Unit Quadplex with Private Yards

318 Louisiana Boulevard NE, Albuquerque, NM 87108

For Sale
$180,000
Pending

Residential Income, Albuquerque, NM

Property Size2,304 SF
Lot Size0.16 Acres
Days on Market13

Property Features for 318 Louisiana Boulevard NE

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning MX-T*
Bedrooms 6
Full bathrooms 6
Rooms Bedroom 6, Bedroom 5, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 3
Subdivision La Mesa Extension
Directions Louisiana Blvd between Central and Lomas.
Standard status Pending
APN 101905701129320121
Size 2,304 SF
Lot size 0.16 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities gas, electric

Taxes and HOA fees

Tax Description 020 012La Mesa Extension
Tax Annual Amount 1334
Legal Description 020 012La Mesa Extension

Amenities

private yards
off street parking

Building Details

Year built 1978
Number of units 4
Listing Agency: Maddox & Co/REALTORS
Listed By: Liska Maddox · License NM #47587
Added: Oct 29 Changed: Nov 9 Last Checked: Nov 10 at 3:06AM
MLS# 1113435

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.

Rey
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Investment Insights

Based on property information with market context.

This 2,304-square-foot quadplex contains four one-bedroom, one-bath residences, each with a private yard. Two units are occupied, while the remaining two need renovation. The property is being sold in its current condition and includes off-street parking, with individual gas and electric service for each unit.

Built in 1978, the property occupies a 0.16-acre lot at 318 Louisiana Boulevard NE in Albuquerque. Its zoning designation is MX-T*.

Key Highlights

  • Four one‑bedroom, one‑bath units
  • 2,304 square feet on a 0.16‑acre lot
  • Two units occupied; two require renovation

Property Analytics

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Open Analytics

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,012
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Quadplexes in Albuquerque, NM

$166 Jul
$175 Aug
$175 Sep
$168 Oct

Properties on Market for Quadplexes in Albuquerque

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four one-bedroom units have separate gas and electric service; two are occupied and two require renovation.
Where is this quadplex located?
The property is located at 318 Louisiana Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath units; 2,304 square feet on a 0.16‑acre lot; Two units occupied; two require renovation
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