Three-Unit Mixed-Use
For Sale
Contact for pricing
Pending
403 San Felipe St NW, Albuquerque, NM 87104
Adobe residence, duplex apartments, and a detached garage provide flexible residential and commercial configurations.
Property SizeContact for details
Days on Market145
Property Features for 403 San Felipe St NW
General Information
Standard status
Pending
Total Parking Spaces
9
Property subtype
Mixed Use
Amenities
off-street parking
detached garage
Building Details
Buildings
2
Construction
adobe
Tenancy
Multi
Listing Agency:
KW Commercial Albuquerque
Listed By:
Christopher Newman · License #REC2024-0776
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 1 at 7:33AM
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 KW Commercial Albuquerque
Investment Insights
Based on property information with market context.
This three-unit mixed-use property combines an adobe residence, a separate duplex, and a detached garage. The primary building includes two bedrooms and two living areas, with the living areas also suited to retail or office use. The duplex adds a studio and a one-bedroom apartment, creating a varied residential layout. The detached garage offers additional parking or commercial-use potential.
Recent improvements include a new roof, upgraded plumbing, sewer, and electrical systems, a concrete slab foundation in one unit, framing and sheetrock repairs, flooring work, and new air conditioning systems. Off-street parking accommodates up to 9 vehicles. The property is located at 403 San Felipe St NW in Albuquerque’s Old Town, an area identified in the source information for adobe architecture, museums, galleries, shops, and cultural events. The stated capitalization rate is 5.71% at full optimization.
Recent improvements include a new roof, upgraded plumbing, sewer, and electrical systems, a concrete slab foundation in one unit, framing and sheetrock repairs, flooring work, and new air conditioning systems. Off-street parking accommodates up to 9 vehicles. The property is located at 403 San Felipe St NW in Albuquerque’s Old Town, an area identified in the source information for adobe architecture, museums, galleries, shops, and cultural events. The stated capitalization rate is 5.71% at full optimization.
Key Highlights
- Three‑unit configuration with an adobe residence and separate duplex
- Primary building includes 2 bedrooms and 2 living areas adaptable to retail or office use
- Duplex includes a studio and 1 bedroom apartment
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
Explore this area
Business Placement
Demographics for 87104, NM
12,537
Population
6,628
Households
1.9
Avg Household Size
43
Median Age
48%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
2,985
Density / Sq Mi
$67,714
Median Household Income
$55,156
Median Earnings
$1,022
Median Rent
$300,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adobe residence, duplex apartments, and a detached garage provide flexible residential and commercial configurations.
Where is this mixed-use property located?
The property is located at 403 San Felipe St NW Albuquerque, NM.
What are key features of this property?
This property features: Three‑unit configuration with an adobe residence and separate duplex; Primary building includes 2 bedrooms and 2 living areas adaptable to retail or office use; Duplex includes a studio and 1 bedroom apartment
