Duplex with Private
For Sale
$248,000
416 Kentucky St SE, Albuquerque, NM 87108
Residential income property with two-bedroom, one-bath layouts and dedicated outdoor patio space for each unit.
Property Size1,584 SF
Price / SF$156.57
Days on Market71
Property Features for 416 Kentucky St SE
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private patios
Building Details
Year Built
1960
Listing Agency:
Bright House Real Estate LLC
Listed By:
Beatriz Hernandez
(505) 440-4137
Source:
Thesouthwestlife
Added: Aug 7
Changed: Oct 1
Last Checked: Oct 16 at 11:32AM
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 Bright House Real Estate LLC
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Investment Insights
Based on property information with market context.
Located at 416 Kentucky St SE in Albuquerque, this 1,584-square-foot duplex contains two residential units. Each unit is configured with two bedrooms and one bathroom, providing a consistent layout across the property. Private patios add dedicated outdoor space to both residences. Built in 1960, the property presents an established duplex configuration at a single Albuquerque address. The unit count, matching bedroom and bathroom arrangement, and separate patio areas define the primary physical characteristics of the offering.
Key Highlights
- Two‑unit duplex at 416 Kentucky St SE, Albuquerque, NM 87108
- Each unit includes 2 bedrooms and 1 bathroom
- Private patio provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,460
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,200
$289.2K
Cap Rate 7%
$206,571
$206.6K
Cap Rate 9%
$160,667
$160.7K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$21.9K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$20.7K $13.04/SF
− OpEx
−$6.2K −$3.91/SF
NOI
$14.5K $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%
$289,200
Cap Rate 7%
$206,571
Cap Rate 9%
$160,667
Alternative Uses
Best Use
Multifamily LT 5
$206.6K
$180.8K – $241.0K
NOI $14,460 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$191.1K
$167.3K – $223.0K
NOI $13,380 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$383.2K
$335.3K – $447.1K
NOI $26,824 @ 7.0% cap · market cap 10.82%
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
945
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with two-bedroom, one-bath layouts and dedicated outdoor patio space for each unit.
Where is this duplex located?
The property is located at 416 Kentucky St SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Two‑unit duplex at 416 Kentucky St SE, Albuquerque, NM 87108; Each unit includes 2 bedrooms and 1 bathroom; Private patio provided for each unit
