Four-Unit Quadplex with Updated
New
For Sale
$459,000
4-229 Hanosh Ct Se, Albuquerque, NM 87123
Fully leased residential property with tiled interiors and a newer TPO roof.
Property Size2,540 SF
Price / SF$180.71
Days on Market5
Property Features for 4-229 Hanosh Ct Se
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,635
Listing Agency:
Double Eagle Real Estate
(505) 883-1414
Listed By:
Christie L Humphrey · License #14252
(505) 414-0146
Source:
Exprealty
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:26AM
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 Double Eagle Real Estate
Investment Insights
Based on property information with market context.
This four-unit quadplex contains four 2-bedroom, 1-bath apartments, each measuring 635 square feet. Tile flooring runs throughout the units, and the bathrooms have updated tile finishes. The building also has a newer TPO roof. The property totals 2,540 square feet.
The property is in Albuquerque, with freeway access and shopping nearby. All four units are currently rented.
The property is in Albuquerque, with freeway access and shopping nearby. All four units are currently rented.
Key Highlights
- Four apartments, each with 2 bedrooms, 1 bathroom, and 635 square feet
- 2,540‑square‑foot quadplex
- Fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,187
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,740
$463.7K
Cap Rate 7%
$331,243
$331.2K
Cap Rate 9%
$257,633
$257.6K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$35.1K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$33.1K $13.04/SF
− OpEx
−$9.9K −$3.91/SF
NOI
$23.2K $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%
$463,740
Cap Rate 7%
$331,243
Cap Rate 9%
$257,633
Alternative Uses
Best Use
Multifamily LT 5
$331.2K
$289.8K – $386.5K
NOI $23,187 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$306.5K
$268.2K – $357.6K
NOI $21,455 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$614.5K
$537.7K – $716.9K
NOI $43,013 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased residential property with tiled interiors and a newer TPO roof.
Where is this quadplex located?
The property is located at 4-229 Hanosh Ct Se Albuquerque, NM.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms, 1 bathroom, and 635 square feet; 2,540‑square‑foot quadplex; Fully rented
