Four-Unit
336 Pennsylvania Street NE, Albuquerque, NM 87108
For Sale
$350,000
Pending
All four residences are occupied, with shopping, healthcare and entertainment nearby.
Property Size2,574 SF
Days on Market56
Property Features for 336 Pennsylvania Street NE
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
ABQ Properties LLC
(505) 717-3002
Listed By:
Frederick Reed · License NM #18963
(505) 730-8934
Source:
Chrislucasabq
Added: Sep 16
Changed: Nov 10
Last Checked: Nov 9 at 1:33PM
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 ABQ Properties LLC
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Investment Insights
Based on property information with market context.
Built in 1960, this 2,574-square-foot quadplex contains four residential units, all currently occupied. The property is positioned between Central Avenue and Lomas Boulevard in Albuquerque, with shopping, healthcare and entertainment in the surrounding area.
Key Highlights
- Four residential units, all occupied
- 2,574 square feet
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,497
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,940
$469.9K
Cap Rate 7%
$335,671
$335.7K
Cap Rate 9%
$261,078
$261.1K
Market Conditions
NOI Build-Up for 2,574 SF
Gross rent
$35.5K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$33.6K $13.04/SF
− OpEx
−$10.1K −$3.91/SF
NOI
$23.5K $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%
$469,940
Cap Rate 7%
$335,671
Cap Rate 9%
$261,078
Alternative Uses
Best Use
Multifamily LT 5
$335.7K
$293.7K – $391.6K
NOI $23,497 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$310.6K
$271.8K – $362.4K
NOI $21,742 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,589 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Explore this area
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 Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with shopping, healthcare and entertainment nearby.
Where is this quadplex located?
The property is located at 336 Pennsylvania Street NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four residential units, all occupied; 2,574 square feet; Built in 1960
