Fourplex with Two-Bedroom
3608 Bryn Mawr Dr NE, Albuquerque, NM 87107
For Sale
$450,000
All four residences have two bedrooms and one bathroom, with the property fully occupied.
Property Size2,903 SF
Price / SF$155.01
Days on Market12
Property Features for 3608 Bryn Mawr Dr NE
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Gross Income
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Realty One of New Mexico
Listed By:
Alex Liu · License #17991
(505) 750-8095
Source:
Albuquerquehomefinders
Added: Oct 27
Changed: Nov 3
Last Checked: Nov 6 at 9:12AM
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 Realty One of New Mexico
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Investment Insights
Based on property information with market context.
This 2,903-square-foot fourplex contains four units, each configured with two bedrooms and one bathroom. Built in 1978, the property has a TPO roof and stucco exterior that are approximately 6 years old. The building is reported to be in good overall condition.
The property is fully occupied and located in Albuquerque’s Uptown area.
The property is fully occupied and located in Albuquerque’s Uptown area.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 100% occupied
- 2,903 square feet; built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,501
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,020
$530.0K
Cap Rate 7%
$378,586
$378.6K
Cap Rate 9%
$294,456
$294.5K
Market Conditions
NOI Build-Up for 2,903 SF
Gross rent
$40.1K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$37.9K $13.04/SF
− OpEx
−$11.4K −$3.91/SF
NOI
$26.5K $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%
$530,020
Cap Rate 7%
$378,586
Cap Rate 9%
$294,456
Alternative Uses
Best Use
Multifamily LT 5
$378.6K
$331.3K – $441.7K
NOI $26,501 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$350.3K
$306.5K – $408.7K
NOI $24,521 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$702.3K
$614.5K – $819.4K
NOI $49,161 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,564
Businesses Nearby
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Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
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Market
Average Price Trend$/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 have two bedrooms and one bathroom, with the property fully occupied.
Where is this quadplex located?
The property is located at 3608 Bryn Mawr Dr NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 100% occupied; 2,903 square feet; built in 1978
