Two-Unit Duplex with System
For Sale
$295,000
400 63rd St, Albuquerque, NM 87105
Both residences have two bedrooms and one bathroom, with separate heating and cooling equipment.
Property Size1,956 SF
Price / SF$150.82
Days on Market39
Property Features for 400 63rd St
General Information
Standard status
Active
Size
1,956 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$27,600
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Coldwell Banker Legacy
Listed By:
Evangeline Erika Pena · License #54316
(575) 313-7428
Source:
Albuquerquehomefinders
Added: Sep 6
Changed: Oct 11
Last Checked: Oct 12 at 7:49PM
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 Coldwell Banker Legacy
Investment Insights
Based on property information with market context.
Built in 1950, this duplex contains two separate residences, each with two bedrooms and one bathroom. The property has a TPO roof, updated air conditioning units, electrical improvements, new water heaters, and replaced sewer lines.
Both units are rented, with combined monthly income of $2,300. The property is located at 400 63rd St in Albuquerque, New Mexico.
Both units are rented, with combined monthly income of $2,300. The property is located at 400 63rd St in Albuquerque, New Mexico.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Both residences are currently rented
- TPO roof, updated AC units, and electrical upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,729
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,580
$354.6K
Cap Rate 7%
$253,271
$253.3K
Cap Rate 9%
$196,989
$197.0K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$27.0K $13.80/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$25.3K $12.95/SF
− OpEx
−$7.6K −$3.88/SF
NOI
$17.7K $9.06/SF
Area
ZIP 87105
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,580
Cap Rate 7%
$253,271
Cap Rate 9%
$196,989
Alternative Uses
Best Use
Multifamily LT 5
$253.3K
$221.6K – $295.5K
NOI $17,729 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$232.8K
$203.7K – $271.6K
NOI $16,295 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$426.8K
$373.4K – $497.9K
NOI $29,875 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
Check the figures for this property
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?
Duplex - Both residences have two bedrooms and one bathroom, with separate heating and cooling equipment.
Where is this duplex located?
The property is located at 400 63rd St Albuquerque, NM.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Both residences are currently rented; TPO roof, updated AC units, and electrical upgrades
