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Two-Building Quadplex Property
New
For Sale
$850,000

414 Pine Street SE, Albuquerque, NM 87106

ResidentialIncome, Albuquerque, NM

Property SizeContact for details
Lot Size0.15 Acres
Days on Market3

Property Features for 414 Pine Street SE

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description SU-2
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 7, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 8, Bathroom 6, Bathroom 2
Fireplace 1
Appliances Refrigerator
Subdivision Terrace Addition
Directions University & Lead, Go West One Block, Turn South On Pine To Address.
Standard status Active
APN 101505733617541401
Lot size 0.15 Acres

Taxes and HOA fees

Tax Annual Amount 4633

Building Details

Year built 1948
Floors in Building 2
Number of units 8
Flooring type Wood, Laminate, Vinyl
Listing Agency: Keller Williams Realty
Listed By: Faithe Real Estate Group
Added: Sep 25 Changed: Sep 27 Last Checked: Sep 27 at 2:06PM
MLS# 1111607

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 multifamily property consists of two four-unit buildings on a 0.15-acre lot. The eight apartments include two 1BR/1BA units, one 2BR/1BA unit, and five studios. Built in 1948, the property has wood, laminate, and vinyl flooring, fireplaces, refrigerators, and off-street parking.

The property is near the University of New Mexico, CNM, and hospitals in Albuquerque. Its two-building configuration and varied unit mix are key features of the asset.

Key Highlights

  • Eight units across two four‑unit buildings on one lot
  • Unit mix includes two 1BR/1BA, one 2BR/1BA, and five studios
  • 0.15‑acre lot

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Building Supply Furniture & Home Goods Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

2,258
Businesses Nearby

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
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Eight apartments occupy two separate buildings on a single parcel.
Where is this quadplex located?
The property is located at 414 Pine Street SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Eight units across two four‑unit buildings on one lot; Unit mix includes two 1BR/1BA, one 2BR/1BA, and five studios; 0.15‑acre lot
More about this property
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