4-Unit Multifamily
For Sale
$559,000
325 San Andres Ave, Albuquerque, NM 87107
Each residence includes an in-unit washer and dryer, with covered parking serving the property.
Property Size3,632 SF
Price / SF$153.91
Days on Market237
Property Features for 325 San Andres Ave
General Information
Standard status
Active
Size
3,632 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Amenities
in-unit washer and dryer
covered parking
Building Details
Year Built
1957
Listing Agency:
EXP Realty LLC
Listed By:
Alex Cordova · License #50012
(505) 730-0397
Source:
Albuquerquehomefinders
Added: Feb 20
Changed: Oct 11
Last Checked: Oct 14 at 11:45PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,632 square feet and was built in 1957. Each unit has its own washer and dryer, and the property provides covered parking.
The property is located at 325 San Andres Ave in Albuquerque, New Mexico.
The property is located at 325 San Andres Ave in Albuquerque, New Mexico.
Key Highlights
- Four residential units
- 3,632 square feet
- In‑unit washer and dryer in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,155
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,100
$663.1K
Cap Rate 7%
$473,643
$473.6K
Cap Rate 9%
$368,389
$368.4K
Market Conditions
NOI Build-Up for 3,632 SF
Gross rent
$50.1K $13.80/SF
− Vacancy
−$2.8K −$0.76/SF
EGI
$47.4K $13.04/SF
− OpEx
−$14.2K −$3.91/SF
NOI
$33.2K $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%
$663,100
Cap Rate 7%
$473,643
Cap Rate 9%
$368,389
Alternative Uses
Best Use
Multifamily LT 5
$473.6K
$414.4K – $552.6K
NOI $33,155 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$438.3K
$383.5K – $511.3K
NOI $30,678 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$878.7K
$768.8K – $1.03M
NOI $61,506 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes an in-unit washer and dryer, with covered parking serving the property.
Where is this quadplex located?
The property is located at 325 San Andres Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Four residential units; 3,632 square feet; In‑unit washer and dryer in each residence
