3-Unit Residential
For Sale
$475,000
4021 Thaxton Avenue Se, Albuquerque, NM 87108
Three separate homes offer two bedrooms, private patios, and detached storage.
Property Size2,499 SF
Price / SF$190.08
Days on Market15
Property Features for 4021 Thaxton Avenue Se
General Information
Standard status
Active
Size
2,499 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R-ML*
Site & Location
Neighborhood
Pkh
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
gas, electric
Taxes and HOA fees
Annual Taxes
$2,572
Amenities
back patio
detached storage
Vinyl,Wood
true
3
6
Washer Hookup,Dryer Hookup,In Unit
Appraiser
0.17
Public Records
2499
1
Building Details
Building Size
2,499 SF
Year Built
1959
Stories
1
Listing Agency:
1 Percent Lists NM Realty
(505) 405-4957
Listed By:
Brendon Baca
Source:
Homeauthority
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 31 at 3:01AM
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.
This 1959 triplex contains three units, each with two bedrooms, a full bathroom, a large kitchen, a living room, and a rear patio. Detached storage buildings provide space for belongings, and each residence has separate gas and electric meters. The property is zoned R-ML* and measures 2,499 square feet on a 0.17-acre parcel.
Residents have one on-site parking space, with additional street parking available. The property is near KAFB, the VA Hospital, Nob Hill, and UNM/UNMH. The owner covers water, sewer, and trash service.
Residents have one on-site parking space, with additional street parking available. The property is near KAFB, the VA Hospital, Nob Hill, and UNM/UNMH. The owner covers water, sewer, and trash service.
Key Highlights
- Three units, each with two bedrooms and one full bathroom
- 2,499‑square‑foot property on a 0.17‑acre parcel
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,813
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,260
$456.3K
Cap Rate 7%
$325,900
$325.9K
Cap Rate 9%
$253,478
$253.5K
Market Conditions
NOI Build-Up for 2,499 SF
Gross rent
$34.5K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$32.6K $13.04/SF
− OpEx
−$9.8K −$3.91/SF
NOI
$22.8K $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%
$456,260
Cap Rate 7%
$325,900
Cap Rate 9%
$253,478
Alternative Uses
Best Use
Multifamily LT 5
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$301.5K
$263.9K – $351.8K
NOI $21,108 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$604.6K
$529.0K – $705.3K
NOI $42,319 @ 7.0% cap · market cap 8.91%
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
3
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate homes offer two bedrooms, private patios, and detached storage.
Where is this triplex located?
The property is located at 4021 Thaxton Avenue Se Albuquerque, NM.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three units, each with two bedrooms and one full bathroom; 2,499‑square‑foot property on a 0.17‑acre parcel; Separate gas and electric meters for each unit
