Three-Unit Residential Income
4017 Thaxton Avenue SE, Albuquerque, NM 87108
For Sale
$399,000
A mix of one- and two-bedroom units includes individual laundry hookups and separate gas and electric meters.
Property Size2,264 SF
Price / SF$176.24
Days on Market283
Property Features for 4017 Thaxton Avenue SE
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
1 Percent Lists NM Realty
(505) 250-6513
Listed By:
John C Foster · License NM REC20250543
(505) 440-8473
Source:
1stclassrealtyofsantafe
Added: Jan 31
Changed: Nov 9
Last Checked: Nov 9 at 2:28PM
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 1 Percent Lists NM Realty
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Investment Insights
Based on property information with market context.
Built in 1965, this triplex contains 2,264 square feet across three apartments: one two-bedroom, one-bath unit with a one-car garage and two one-bedroom, one-bath units. Each apartment has laundry hookups, and gas and electric service is separately metered. Building systems include evaporative cooling and gas central forced air. On-site and street parking are available.
The property is near Kirtland AFB, UNM, and Nob Hill. A neighboring triplex at 4021 Thaxton SE is also offered for sale.
The property is near Kirtland AFB, UNM, and Nob Hill. A neighboring triplex at 4021 Thaxton SE is also offered for sale.
Key Highlights
- Three apartments: one 2/1 and two 1/1 units
- 2,264 square feet; built in 1965
- One 2/1 apartment includes a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,667
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,340
$413.3K
Cap Rate 7%
$295,243
$295.2K
Cap Rate 9%
$229,633
$229.6K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$31.2K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$29.5K $13.04/SF
− OpEx
−$8.9K −$3.91/SF
NOI
$20.7K $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%
$413,340
Cap Rate 7%
$295,243
Cap Rate 9%
$229,633
Alternative Uses
Best Use
Multifamily LT 5
$295.2K
$258.3K – $344.5K
NOI $20,667 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$273.2K
$239.0K – $318.7K
NOI $19,123 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$547.7K
$479.2K – $639.0K
NOI $38,339 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
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
$227,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A mix of one- and two-bedroom units includes individual laundry hookups and separate gas and electric meters.
Where is this triplex located?
The property is located at 4017 Thaxton Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three apartments: one 2/1 and two 1/1 units; 2,264 square feet; built in 1965; One 2/1 apartment includes a 1‑car garage
