Duplex with System
For Sale
$295,000
400 63rd Street NW, Albuquerque, NM 87105
ResidentialIncome, Albuquerque, NM
Property Size1,956 SF
Lot Size0.22 Acres
Price / SF$150.82
Days on Market17
Property Features for 400 63rd Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-1B*
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2
Parking
2
Appliances
Refrigerator
Subdivision
S Lavaland Add
Directions
From Coors and Bluewater. East on Bluewater and North on 63rd st. Property is on the East side of the street.
Standard status
Active
APN
101105702250822501
Size
1,956 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
2927
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 898-2700
Listed By:
Evangeline Erika Pena · License #54316
(575) 313-7428
Added: Sep 21
Changed: Sep 23
Last Checked: Oct 7 at 7:06AM
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.
Investment Insights
Based on property information with market context.
Built in 1950, this block-construction duplex contains 1,956 square feet across two separate residences. Each unit provides 2 bedrooms, 1 bathroom, and approximately 980 square feet of living area. Tile flooring and refrigerator appliances are included, while both units are currently rented.
Recent property improvements include a newer TPO roof, updated AC units, electrical work, new water heaters, and replaced sewer lines. The property occupies a 0.22-acre lot at 400 63rd Street NW in Albuquerque, within Bernalillo County and ZIP Code 87105.
Recent property improvements include a newer TPO roof, updated AC units, electrical work, new water heaters, and replaced sewer lines. The property occupies a 0.22-acre lot at 400 63rd Street NW in Albuquerque, within Bernalillo County and ZIP Code 87105.
Key Highlights
- Two‑unit duplex with 1,956 square feet of total property size
- Each residence includes 2 bedrooms, 1 bathroom, and approximately 980 sq ft
- 0.22‑acre lot at 400 63rd Street NW
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.
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
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
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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 - Two separately occupied units offer a practical residential income configuration with refreshed mechanical and utility systems.
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‑unit duplex with 1,956 square feet of total property size; Each residence includes 2 bedrooms, 1 bathroom, and approximately 980 sq ft; 0.22‑acre lot at 400 63rd Street NW
