Triplex with Private
325 Tennessee St NE, Albuquerque, NM 87108
For Sale
$299,900
Tenant-occupied triplex with three furnished kitchens, dedicated parking, and individual outdoor areas.
Property Size2,304 SF
Price / SF$130.16
Days on Market54
Property Features for 325 Tennessee St NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
private yard space
range and refrigerator
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Keller Williams Realty
Listed By:
Jonathan P Tenorio · License NM #50026
(505) 410-8568
Source:
Thesouthwestlife
Added: Sep 22
Changed: Nov 12
Last Checked: Nov 12 at 2:08PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1959, this triplex contains three single-story residences totaling 2,304 square feet. Each unit is approximately 750 square feet and includes two bedrooms, one bathroom, a range, a refrigerator, and private yard space. Dedicated parking serves the property, and all three units are tenant occupied.
The building is located at 325 Tennessee St NE in Albuquerque, New Mexico. Its three-unit configuration and existing occupancy provide a straightforward multifamily layout with established residential use.
The building is located at 325 Tennessee St NE in Albuquerque, New Mexico. Its three-unit configuration and existing occupancy provide a straightforward multifamily layout with established residential use.
Key Highlights
- Three single‑story units, each approximately 750 sq ft
- Each residence includes 2 bedrooms and 1 bath
- Private yard space provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,033
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,660
$420.7K
Cap Rate 7%
$300,471
$300.5K
Cap Rate 9%
$233,700
$233.7K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$31.8K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$30.0K $13.04/SF
− OpEx
−$9.0K −$3.91/SF
NOI
$21.0K $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%
$420,660
Cap Rate 7%
$300,471
Cap Rate 9%
$233,700
Alternative Uses
Best Use
Multifamily LT 5
$300.5K
$262.9K – $350.6K
NOI $21,033 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$278.0K
$243.3K – $324.4K
NOI $19,461 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$557.4K
$487.7K – $650.3K
NOI $39,017 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
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Business Placement
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
$227,600
Median Home Value
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Market
Average Price Trend$/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 - Tenant-occupied triplex with three furnished kitchens, dedicated parking, and individual outdoor areas.
Where is this triplex located?
The property is located at 325 Tennessee St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three single‑story units, each approximately 750 sq ft; Each residence includes 2 bedrooms and 1 bath; Private yard space provided for each unit
