Renovated
For Sale
Contact for pricing
405 Dorado Ct SE, Albuquerque, NM 87123
Four-unit residential income property with updated appliances, LVP flooring, countertops, and varied unit renovations.
Property SizeContact for details
Days on Market142
Property Features for 405 Dorado Ct SE
General Information
Standard status
Active
Property subtype
Multifamily
Financials
Asking Price
$469,509
Cap Rate
5.96%
Gross Rent Multiplier
9.68
Average Monthly Rent
$1,010
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Listing Agency:
N.M. Apartments, Inc.
(505) 440-8633
Listed By:
Todd Clarke · License #13711
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 1:39AM
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 N.M. Apartments, Inc.
Investment Insights
Based on property information with market context.
This four-unit residential income property includes recent improvements across all four residences. Units A, B, C, and D received mostly renovated updates in September 2023, May 2022, November 2021, and March 2023, respectively. Each unit has new appliances, LVP flooring, and updated countertops. Additional work includes a roof replacement in November 2020 with an eight-year transferable warranty, a Unit C furnace replacement, and selected plumbing, flooring, and fixture upgrades. Unit A is vacant and ready for an owner occupant.
The property is located at 405 Dorado Ct SE in Albuquerque, within the Singing Arrow Neighborhood. Grocery stores, shopping, and a movie theater are nearby, with freeway access, public transportation, and bike path connections serving the area. The Singing Arrow Community Center is within a short walk and offers before- and after-school programs.
The property is located at 405 Dorado Ct SE in Albuquerque, within the Singing Arrow Neighborhood. Grocery stores, shopping, and a movie theater are nearby, with freeway access, public transportation, and bike path connections serving the area. The Singing Arrow Community Center is within a short walk and offers before- and after-school programs.
Key Highlights
- Four‑unit property at 405 Dorado Ct SE, Albuquerque, NM 87123
- Mostly renovated Unit A in September 2023, Unit B in May 2022, Unit C in November 2021, and Unit D in March 2023
- Roof replaced in November 2020 with an eight‑year transferable warranty
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with updated appliances, LVP flooring, countertops, and varied unit renovations.
Where is this quadplex located?
The property is located at 405 Dorado Ct SE Albuquerque, NM.
What are key features of this property?
This property features: Four‑unit property at 405 Dorado Ct SE, Albuquerque, NM 87123; Mostly renovated Unit A in September 2023, Unit B in May 2022, Unit C in November 2021, and Unit D in March 2023; Roof replaced in November 2020 with an eight‑year transferable warranty
