Three-Unit Detached
320 Rosemont Ave, Albuquerque, NM 87102
For Sale
$250,000
Separate gas and electric meters support tenant-paid utilities across the shared property.
Property Size1,527 SF
Price / SF$163.72
Days on Market113
Property Features for 320 Rosemont Ave
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Utilities to Site
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Q Realty
Listed By:
Sutter Sugar · License NM #20090
(505) 850-9977
Source:
Albuquerquehomefinders
Added: Jul 25
Changed: Nov 1
Last Checked: Nov 10 at 12:57PM
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 Q Realty
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Investment Insights
Based on property information with market context.
This triplex comprises three detached residential units arranged on one shared property. The units are separately metered for gas and electric service, with tenants responsible for those utilities. All three units are currently rented, providing an occupied configuration for a buyer seeking a multifamily property.
The property is zoned MX-M and is situated between the University of New Mexico and downtown Albuquerque. Its three-unit layout, detached construction, separate utility metering, and existing occupancy define the current operating profile.
The property is zoned MX-M and is situated between the University of New Mexico and downtown Albuquerque. Its three-unit layout, detached construction, separate utility metering, and existing occupancy define the current operating profile.
Key Highlights
- Three detached residential units on one shared property
- All three units are currently rented
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,940
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,800
$278.8K
Cap Rate 7%
$199,143
$199.1K
Cap Rate 9%
$154,889
$154.9K
Market Conditions
NOI Build-Up for 1,527 SF
Gross rent
$21.1K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$19.9K $13.04/SF
− OpEx
−$6.0K −$3.91/SF
NOI
$13.9K $9.13/SF
Area
Albuquerque, NM
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,800
Cap Rate 7%
$199,143
Cap Rate 9%
$154,889
Alternative Uses
Best Use
Multifamily LT 5
$199.1K
$174.3K – $232.3K
NOI $13,940 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$184.3K
$161.2K – $215.0K
NOI $12,898 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$369.4K
$323.2K – $431.0K
NOI $25,859 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,609
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
$174,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Albuquerque, NM
Properties on Market for Triplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Separate gas and electric meters support tenant-paid utilities across the shared property.
Where is this triplex located?
The property is located at 320 Rosemont Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three detached residential units on one shared property; All three units are currently rented; Separate gas and electric meters for each unit
