Triplex Requiring Extensive
For Sale
$255,000
336 Rhode Island Street NE, Albuquerque, NM 87108
ResidentialIncome, Albuquerque, NM
Property Size2,375 SF
Lot Size0.16 Acres
Price / SF$107.37
Days on Market60
Property Features for 336 Rhode Island Street NE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
R-ML*
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Subdivision
Mesa Verde Addition
Directions
From Lomas and Wyoming, South on Wyoming to Copper, West on Copper to Rhode Island, South on Rhode Island to triplex.
Special listing conditions
In Foreclosure
Standard status
Active
APN
101905732625541826
Size
2,375 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
2541
Building Details
Year built
1957
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Listing Agency:
Berkshire Hathaway NM Prop · Berkshire Hathaway HomeServices
(505) 798-6300
Listed By:
Melinda M Baisa · License #35593
(505) 453-6264
Added: Aug 17
Changed: Sep 12
Last Checked: Oct 15 at 1:06AM
MLS# 1109419
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 triplex property contains 2,375 square feet on a 0.16-acre lot and was built in 1957. The interior includes vinyl flooring, bedrooms, and bathrooms, while the overall condition requires extensive renovation. Reported repair needs include the roof, plumbing, flooring, paint, and remediation of water damage.
The city has cited the property as substandard, and the structure is not considered safe to enter. It is offered as-is, with no repairs to be completed by the seller. The property is located at 336 Rhode Island Street NE in Albuquerque, New Mexico 87108.
The city has cited the property as substandard, and the structure is not considered safe to enter. It is offered as-is, with no repairs to be completed by the seller. The property is located at 336 Rhode Island Street NE in Albuquerque, New Mexico 87108.
Key Highlights
- Triplex property with 2,375 square feet of building area
- Situated on a 0.16‑acre lot
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,681
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,620
$433.6K
Cap Rate 7%
$309,729
$309.7K
Cap Rate 9%
$240,900
$240.9K
Market Conditions
NOI Build-Up for 2,375 SF
Gross rent
$32.8K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$31.0K $13.04/SF
− OpEx
−$9.3K −$3.91/SF
NOI
$21.7K $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%
$433,620
Cap Rate 7%
$309,729
Cap Rate 9%
$240,900
Alternative Uses
Best Use
Multifamily LT 5
$309.7K
$271.0K – $361.4K
NOI $21,681 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$286.6K
$250.8K – $334.4K
NOI $20,061 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$574.6K
$502.7K – $670.3K
NOI $40,219 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
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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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?
Triplex - As-is triplex property requiring substantial renovation and remediation before it is move-in ready.
Where is this triplex located?
The property is located at 336 Rhode Island Street NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Triplex property with 2,375 square feet of building area; Situated on a 0.16‑acre lot; Built in 1957
