Three-Unit Residential
4013 Thaxton Ave, Albuquerque, NM 87108
For Sale
$525,000
Triplex with two two-bedroom homes and one one-bedroom residence, each equipped with an in-unit washer and dryer.
Property Size2,734 SF
Price / SF$192.03
Days on Market168
Property Features for 4013 Thaxton Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Amenities
in-unit washer and dryer
dishwasher
fireplace
Building Details
Year Built
Listing Agency:
Berger Briggs RE & Prop Mgmt
Listed By:
Harrison Alley · License NM #48822
(505) 247-0447
Source:
Albuquerquehomefinders
Added: May 31
Changed: Nov 1
Last Checked: Nov 10 at 12:52PM
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 Berger Briggs RE & Prop Mgmt
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Investment Insights
Based on property information with market context.
This residential income property contains three units: two two-bedroom, one-bath residences and one one-bedroom, one-bath residence. The homes feature practical layouts with large kitchens and private laundry equipment in each unit.
The one-bedroom residence also includes a dishwasher and fireplace, adding features not identified for the other units. The property is located on Thaxton Avenue SE in Albuquerque, New Mexico.
The one-bedroom residence also includes a dishwasher and fireplace, adding features not identified for the other units. The property is located on Thaxton Avenue SE in Albuquerque, New Mexico.
Key Highlights
- Triplex configuration with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Each residence includes a large kitchen
- In‑unit washer and dryer provided in all three residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,958
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,160
$499.2K
Cap Rate 7%
$356,543
$356.5K
Cap Rate 9%
$277,311
$277.3K
Market Conditions
NOI Build-Up for 2,734 SF
Gross rent
$37.7K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$35.7K $13.04/SF
− OpEx
−$10.7K −$3.91/SF
NOI
$25.0K $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%
$499,160
Cap Rate 7%
$356,543
Cap Rate 9%
$277,311
Alternative Uses
Best Use
Multifamily LT 5
$356.5K
$312.0K – $416.0K
NOI $24,958 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$329.9K
$288.7K – $384.9K
NOI $23,093 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$661.4K
$578.7K – $771.7K
NOI $46,299 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
400
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 - Triplex with two two-bedroom homes and one one-bedroom residence, each equipped with an in-unit washer and dryer.
Where is this triplex located?
The property is located at 4013 Thaxton Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Triplex configuration with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Each residence includes a large kitchen; In‑unit washer and dryer provided in all three residences
