Triplex with Private
401 Aliso Drive NE, Albuquerque, NM 87108
For Sale
$675,000
Pending
Residential Income, Albuquerque, NM
Property Size2,537 SF
Lot Size0.16 Acres
Days on Market48
Property Features for 401 Aliso Drive NE
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
Amenities
in-unit washer/dryer
front porch
private patio
Building Details
Year built
Number of units
Listing Agency:
RE/MAX SELECT · RE/MAX International
(505) 265-5111
Listed By:
Lisa Parker · License NM #30211
(505) 220-7068
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 1110232
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 Albuquerque triplex contains three two-bedroom, one-bathroom units within 2,537 square feet. Interior features include hardwood floors and open kitchens. Each residence has a washer and dryer, while private patios provide individual outdoor space. The property also has a front porch, two garages, and off-street parking.
Built in 1940, the building sits on a 0.16-acre lot and has a TPO roof. The units are occupied by long-term tenants on month-to-month leases. Zoning is R-1B*.
Built in 1940, the building sits on a 0.16-acre lot and has a TPO roof. The units are occupied by long-term tenants on month-to-month leases. Zoning is R-1B*.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- 2,537 square feet of building area on a 0.16‑acre lot
- Two garages and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,160
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,200
$463.2K
Cap Rate 7%
$330,857
$330.9K
Cap Rate 9%
$257,333
$257.3K
Market Conditions
NOI Build-Up for 2,537 SF
Gross rent
$35.0K $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%
$463,200
Cap Rate 7%
$330,857
Cap Rate 9%
$257,333
Alternative Uses
Best Use
Multifamily LT 5
$330.9K
$289.5K – $386.0K
NOI $23,160 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$306.1K
$267.9K – $357.2K
NOI $21,429 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$613.8K
$537.0K – $716.1K
NOI $42,963 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
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Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Albuquerque, NM
Properties on Market for Triplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences include updated open kitchens, in-unit laundry, and separate outdoor areas.
Where is this triplex located?
The property is located at 401 Aliso Drive NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; 2,537 square feet of building area on a 0.16‑acre lot; Two garages and off‑street parking
