Duplex with Detached
For Sale
$300,000
412 Harvard Drive SE, Albuquerque, NM 87106
ResidentialIncome, Albuquerque, NM
Property Size1,460 SF
Lot Size0.16 Acres
Price / SF$205.48
Days on Market199
Property Features for 412 Harvard Drive SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-1C*
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Interior features
CeilingFans
Appliances
Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, RangeHood, Washer
Subdivision
University Hts Add
Directions
From Cross Streets of Central and Harvard. Go South and home is on the East side of the street.
Standard status
Active
APN
101605704706930618
Size
1,460 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
2985
Utilities
Heating system
Forced Air, Central
Cooling system
Ceiling Fan(s)
Building Details
Year built
1941
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Listing Agency:
Realty One of New Mexico
(505) 883-9400
Listed By:
Premier Realty Partners
(505) 550-8331
Added: Mar 30
Changed: Oct 4
Last Checked: Oct 14 at 3:06AM
MLS# 1100765
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,460-square-foot duplex property on a 0.16-acre lot includes a 3-bedroom, 2-bath main house and a detached 1-bedroom, 1-bath casita. The casita has a tenant in place, while the overall layout provides two distinct living areas. The property is fully fenced, and the casita has its own separate fenced section. Built in 1941, the property features central forced-air heating, ceiling fans, vinyl, carpet, and tile flooring, plus a kitchen equipped with a dishwasher, gas range, refrigerator, range hood, washer, and dryer.
The property is located in Albuquerque near UNM Hospital and the UNM main campus, with the source information describing travel times of less than 10 minutes to the hospital and 3 minutes to the campus. The configuration supports owner occupancy of the main house with continued use of the detached unit as a tenant-occupied residence.
The property is located in Albuquerque near UNM Hospital and the UNM main campus, with the source information describing travel times of less than 10 minutes to the hospital and 3 minutes to the campus. The configuration supports owner occupancy of the main house with continued use of the detached unit as a tenant-occupied residence.
Key Highlights
- 3‑bedroom, 2‑bath main house paired with a detached 1‑bedroom, 1‑bath casita
- Detached casita has a tenant in place
- 1,460 square feet on a 0.16‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,328
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,560
$266.6K
Cap Rate 7%
$190,400
$190.4K
Cap Rate 9%
$148,089
$148.1K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$20.1K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.0K $13.04/SF
− OpEx
−$5.7K −$3.91/SF
NOI
$13.3K $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%
$266,560
Cap Rate 7%
$190,400
Cap Rate 9%
$148,089
Alternative Uses
Best Use
Multifamily LT 5
$190.4K
$166.6K – $222.1K
NOI $13,328 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$176.2K
$154.2K – $205.5K
NOI $12,332 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$353.2K
$309.1K – $412.1K
NOI $24,724 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately fenced living areas include a primary residence and an occupied detached casita.
Where is this duplex located?
The property is located at 412 Harvard Drive SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath main house paired with a detached 1‑bedroom, 1‑bath casita; Detached casita has a tenant in place; 1,460 square feet on a 0.16‑acre lot
