Three-Unit Apartment
For Sale
$315,000
415 Virginia Street Se, Albuquerque, NM 87108
Three two-bedroom apartments offer a consistent residential income configuration in a 1960-built property.
Property Size2,153 SF
Price / SF$146.31
Days on Market59
Property Features for 415 Virginia Street Se
General Information
Standard status
Active
Size
2,153 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Tva
Taxes and HOA fees
Annual Taxes
$4,707
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Tyler M Pete · License #53270
(505) 264-3082
Source:
Exprealty
Added: Sep 5
Changed: Oct 25
Last Checked: Nov 1 at 7:45AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This triplex contains three residential units, each configured with two bedrooms and one bathroom. The property was built in 1960 and has a reported property size of 2,153 square feet.
The unit mix provides a consistent layout across all three apartments, creating a straightforward multifamily configuration for an owner or investor evaluating a small residential income property.
The unit mix provides a consistent layout across all three apartments, creating a straightforward multifamily configuration for an owner or investor evaluating a small residential income property.
Key Highlights
- Three‑unit triplex configuration
- Each unit includes 2 bedrooms and 1 bathroom
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,654
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,080
$393.1K
Cap Rate 7%
$280,771
$280.8K
Cap Rate 9%
$218,378
$218.4K
Market Conditions
NOI Build-Up for 2,153 SF
Gross rent
$29.7K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$28.1K $13.04/SF
− OpEx
−$8.4K −$3.91/SF
NOI
$19.7K $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%
$393,080
Cap Rate 7%
$280,771
Cap Rate 9%
$218,378
Alternative Uses
Best Use
Multifamily LT 5
$280.8K
$245.7K – $327.6K
NOI $19,654 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$259.8K
$227.3K – $303.1K
NOI $18,186 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$520.9K
$455.8K – $607.7K
NOI $36,460 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments offer a consistent residential income configuration in a 1960-built property.
Where is this triplex located?
The property is located at 415 Virginia Street Se Albuquerque, NM.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; Each unit includes 2 bedrooms and 1 bathroom; Built in 1960
