Duplex with Private
For Sale
$249,900
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$157.77
Days on Market26
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
(505) 440-4137
Listed By:
Beatriz Hernandez
Source:
Thesouthwestlife
Added: Aug 7
Changed: Aug 30
Last Checked: Aug 30 at 8:33PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,460
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.79%
Second Best
Apartment 5plus
$191.1K
$167.3K – $223.0K
NOI $13,380 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$383.2K
$335.3K – $447.1K
NOI $26,824 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 $249,900.
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
