Triplex with Private Yard
325 Tennessee Street NE Albuquerque, NM 87108
325 Tennessee Street NE, Albuquerque, NM, 87108
$299,900
For Sale
$299,900
MULTI_FAMILY - Albuquerque, NM
Property Size2,304 SF
Lot Size0.16 Acres
Price / SF$130.16
Days on Market339
Property Features for 325 Tennessee Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 5
- Interior features
- CeilingFans
- Appliances
- FreeStandingElectricRange, Refrigerator
- Standard status
- Active
- APN
- 101905733923941819
- Size
- 2,304 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2413
Utilities
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Vinyl, Tile, Carpet
- Building materials
- Stucco
Listing Agency
Keller Williams Realty
(505) 897-1100
6240 Riverside Plaza NW #100, Albuquerque, NM
Listed by
Jonathan P Tenorio · License #50026
(505) 410-8568
Added: Aug 12, 2025 Checked: Jul 16 at 7:06 pm
MLS# 1102852
Listing URL
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.
Investment Insights
Based on property information with market context.
This tri-plex consists of three single-story units, each approximately 750 square feet. Each unit features a 2-bedroom, 1-bath layout with a functional kitchen including a range and refrigerator. Tenants also have private yard space, along with dedicated parking for added convenience. The total property size is listed at 2,304 square feet.
The property is located at 325 Tennessee Street NE in Albuquerque, New Mexico (87108). The units are tenant occupied, providing an income-producing setup with room to increase returns over time.
The property is located at 325 Tennessee Street NE in Albuquerque, New Mexico (87108). The units are tenant occupied, providing an income-producing setup with room to increase returns over time.
Key Highlights
- Tri‑plex with three single‑story units, each approx 750 SF
- Each unit features 2 bedrooms, 1 bathroom, and private yard space
- Tenant‑occupied property for immediate cash flow
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $13.80 |
| − Vacancy | −$1.7k | −$0.76 |
| EGI | $30.0k | $13.04 |
| − OpEx | −$9.0k | −$3.91 |
| NOI | $21.0k | $9.13 |
2,304 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ECDEC
Association Or Organization
Day Care Vigit
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three single-story units offer 2 bed, 1 bath layouts, private yard space, and dedicated parking.
Where is this triplex located?
The property is located at 325 Tennessee Street 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: Tri‑plex with three single‑story units, each approx 750 SF; Each unit features 2 bedrooms, 1 bathroom, and private yard space; Tenant‑occupied property for immediate cash flow
