Two-Unit
400 63rd Street NW, Albuquerque, NM 87105
For Sale
$295,000
Residential Income, Albuquerque, NM
Property Size1,956 SF
Lot Size0.22 Acres
Price / SF$150.82
Days on Market51
Property Features for 400 63rd Street NW
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 898-2700
Listed By:
Evangeline Erika Pena · License NM #54316
(575) 313-7428
Added: Sep 21
Changed: Nov 9
Last Checked: Nov 10 at 6:06PM
MLS# 1111403
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 400 63rd Street NW in Albuquerque, this 1950-built duplex contains two separate residences. Each unit has two bedrooms and one bathroom, with approximately 980 square feet of living area. The property totals 1,956 square feet on a 0.22-acre lot and is zoned R-1B*.
Updates include a TPO roof, updated air conditioning units, electrical improvements, new water heaters, and replaced sewer lines. Both units are currently rented.
Updates include a TPO roof, updated air conditioning units, electrical improvements, new water heaters, and replaced sewer lines. Both units are currently rented.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Approximately 980 square feet of living space per unit
- TPO roof, updated AC units, electrical upgrades, new water heaters, and replaced sewer lines
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
609
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
$200,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Albuquerque, NM
Properties on Market for Duplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are currently rented, with two bedrooms and one bathroom in each unit.
Where is this duplex located?
The property is located at 400 63rd Street NW 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; Approximately 980 square feet of living space per unit; TPO roof, updated AC units, electrical upgrades, new water heaters, and replaced sewer lines
