8-Unit Apartment Building with
For Sale
$1,069,900
3434-3438 Thaxton Avenue SE, Albuquerque, NM 87106
ResidentialIncome, Albuquerque, NM
Property Size6,120 SF
Lot Size0.16 Acres
Price / SF$174.82
Days on Market10
Property Features for 3434-3438 Thaxton Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-MH*
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Parking
12
Patio and Porch features
Patio
Exterior features
Lighting, Patio
Appliances
Dryer, FreeStandingGasRange, Refrigerator, RangeHood, Washer
Subdivision
Knob Heights Add
Directions
From Carlisle and Coal SE: South on Carlisle to Thaxton. West on Thaxton 3 blocks. Buildings are just off the SW corner of Amherst and Thaxton.
Standard status
Active
APN
101605645015841010
Size
6,120 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
3740
Building Details
Year built
1963
Floors in Building
1
Number of units
8
Flooring type
Vinyl, Tile
Building materials
Brick, Frame, Stucco
Listing Agency:
Deacon Property Services
(505) 878-0100
Listed By:
Kyle E Deacon · License #15579
(505) 803-3775
Added: Sep 28
Changed: Sep 29
Last Checked: Oct 7 at 10:06AM
MLS# 1111673
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 8-unit apartment property contains 6,120 square feet on a 0.16-acre site and was built in 1963. All homes have two bedrooms and one bathroom, along with private patios or yard areas and individual detached storage closets. End units add a walk-in pantry and interior storage. Recent work includes refreshed fixtures and finishes, new flooring, security improvements, and interior and exterior paint. Stacked washer-dryers are provided in each apartment.
The property sits beside the Knob Heights community garden and is one block from Puerta Del Sol Golf Course, a swimming pool, Source-One Community Center, and parks in the Hyder Park, Edge Crest, and Ridge Crest areas.
The property sits beside the Knob Heights community garden and is one block from Puerta Del Sol Golf Course, a swimming pool, Source-One Community Center, and parks in the Hyder Park, Edge Crest, and Ridge Crest areas.
Key Highlights
- 8 apartments, each with a two‑bedroom, one‑bathroom layout
- 6,120 square feet on a 0.16‑acre parcel; built in 1963
- Private patios or yard areas and detached storage closets for all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,694
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,880
$1.0M
Cap Rate 7%
$738,486
$738.5K
Cap Rate 9%
$574,378
$574.4K
Market Conditions
NOI Build-Up for 6,120 SF
Gross rent
$99.1K $16.20/SF
− Vacancy
−$5.2K −$0.84/SF
EGI
$94.0K $15.36/SF
− OpEx
−$42.3K −$6.91/SF
NOI
$51.7K $8.45/SF
Area
Albuquerque, NM
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,880
Cap Rate 7%
$738,486
Cap Rate 9%
$574,378
Alternative Uses
Best Use
Apartment 5plus
$738.5K
$646.2K – $861.6K
NOI $51,694 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,639 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
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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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?
Apartment building - Each residence offers a two-bedroom, one-bathroom plan, in-unit laundry, and private outdoor space.
Where is this apartment building located?
The property is located at 3434-3438 Thaxton Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,069,900.
What are key features of this property?
This property features: 8 apartments, each with a two‑bedroom, one‑bathroom layout; 6,120 square feet on a 0.16‑acre parcel; built in 1963; Private patios or yard areas and detached storage closets for all units
