Four-Unit Residential Income
3608 Tyson Place NE, Albuquerque, NM 87107
For Sale
New
$450,000
Residential Income, Albuquerque, NM
Property Size2,500 SF
Lot Size0.12 Acres
Price / SF$180
Days on Market6
Property Features for 3608 Tyson Place NE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
washer/dryer hook ups
Building Details
Year built
Number of units
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Faithe Real Estate Group
(505) 401-0721
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 10 at 3:06AM
MLS# 1113622
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 2,500-square-foot quadplex, built in 1984, contains four single-story apartments, each configured with one bedroom and one bathroom. All units have washer and dryer hookups, and each wall furnace was replaced in 2026. The property occupies a 0.12-acre lot and is zoned R-ML*.
Three units are occupied. The fourth, Unit B, is vacant and has been updated with custom cabinets, new counters, plank flooring, updated light fixtures, and fresh paint.
Three units are occupied. The fourth, Unit B, is vacant and has been updated with custom cabinets, new counters, plank flooring, updated light fixtures, and fresh paint.
Key Highlights
- Four units, each with 1 bedroom and 1 bathroom
- 2,500 square feet on a 0.12‑acre lot
- Three units occupied; Unit B is vacant and updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,822
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,440
$456.4K
Cap Rate 7%
$326,029
$326.0K
Cap Rate 9%
$253,578
$253.6K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$34.5K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$32.6K $13.04/SF
− OpEx
−$9.8K −$3.91/SF
NOI
$22.8K $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%
$456,440
Cap Rate 7%
$326,029
Cap Rate 9%
$253,578
Alternative Uses
Best Use
Multifamily LT 5
$326.0K
$285.3K – $380.4K
NOI $22,822 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$301.7K
$264.0K – $352.0K
NOI $21,117 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$604.8K
$529.2K – $705.6K
NOI $42,336 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,162
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 - Three apartments are occupied, while an updated unit is available for a new resident.
Where is this quadplex located?
The property is located at 3608 Tyson Place 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 1 bedroom and 1 bathroom; 2,500 square feet on a 0.12‑acre lot; Three units occupied; Unit B is vacant and updated
