Courtyard-Style
3403 Anderson Avenue SE, Albuquerque, NM 87106
For Sale
$431,071
Pending
Residential Income, Albuquerque, NM
Property Size2,789 SF
Lot Size0.12 Acres
Days on Market89
Property Features for 3403 Anderson Avenue SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Buildings
Listing Agency:
Deacon Property Services
Listed By:
Kyle E Deacon · License NM #15579
(505) 878-0100
Added: Aug 14
Changed: Nov 9
Last Checked: Nov 10 at 5:06AM
MLS# 1110863
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.
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Investment Insights
Based on property information with market context.
This three-unit property has a total building area of 2,789 square feet on a 0.12-acre lot. Built in 1978, it is arranged as single-story courtyard-style residences, each with two bedrooms and one bathroom. Interior features include kitchens, dining areas, living rooms, and storage; private backyard or patio areas extend each unit’s layout.
The property is approximately 100 feet from Puerta del Sol golf course, with golf course views and open space noted nearby. Zoning is R-MH*.
The property is approximately 100 feet from Puerta del Sol golf course, with golf course views and open space noted nearby. Zoning is R-MH*.
Key Highlights
- Three units, each configured with two bedrooms and one bathroom
- 2,789‑square‑foot building on a 0.12‑acre lot
- Single‑story courtyard‑style layout with private backyard or patio areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,460
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,200
$509.2K
Cap Rate 7%
$363,714
$363.7K
Cap Rate 9%
$282,889
$282.9K
Market Conditions
NOI Build-Up for 2,789 SF
Gross rent
$38.5K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$36.4K $13.04/SF
− OpEx
−$10.9K −$3.91/SF
NOI
$25.5K $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%
$509,200
Cap Rate 7%
$363,714
Cap Rate 9%
$282,889
Alternative Uses
Best Use
Multifamily LT 5
$363.7K
$318.3K – $424.3K
NOI $25,460 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$336.5K
$294.5K – $392.6K
NOI $23,558 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$674.7K
$590.4K – $787.2K
NOI $47,230 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
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Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
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Market
Average Price Trend$/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 - Three single-story residences feature two-bedroom, one-bathroom layouts and private patio areas.
Where is this triplex located?
The property is located at 3403 Anderson Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $431,071.
What are key features of this property?
This property features: Three units, each configured with two bedrooms and one bathroom; 2,789‑square‑foot building on a 0.12‑acre lot; Single‑story courtyard‑style layout with private backyard or patio areas
