Two-Unit Duplex with Tile
For Sale
$265,999
425 Grove St, Albuquerque, NM 87108
Both residences offer two bedrooms, one bathroom, and tile flooring throughout.
Property Size1,386 SF
Price / SF$191.92
Days on Market111
Property Features for 425 Grove St
General Information
Standard status
Active
Size
1,386 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1960
Listing Agency:
Keller Williams Realty
Listed By:
Medina Real Estate Inc
(505) 375-2062
Source:
Findalbuquerqueproperties
Added: Jun 26
Changed: Oct 1
Last Checked: Oct 12 at 8:03PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Located at 425 Grove St in Albuquerque, NM, this duplex contains two residential units with matching layouts. Each unit includes two bedrooms, one bathroom, and tile flooring throughout the living areas.
The property is suited to residential income use, with both units offering the same bedroom and bathroom configuration. The existing layout also supports an owner-occupant arrangement with a separate residence on the property.
The property is suited to residential income use, with both units offering the same bedroom and bathroom configuration. The existing layout also supports an owner-occupant arrangement with a separate residence on the property.
Key Highlights
- Two‑unit duplex at 425 Grove St, Albuquerque, NM
- Each unit includes 2 bedrooms and 1 bathroom
- Tile flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,652
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,040
$253.0K
Cap Rate 7%
$180,743
$180.7K
Cap Rate 9%
$140,578
$140.6K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$19.1K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.1K $13.04/SF
− OpEx
−$5.4K −$3.91/SF
NOI
$12.7K $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%
$253,040
Cap Rate 7%
$180,743
Cap Rate 9%
$140,578
Alternative Uses
Best Use
Multifamily LT 5
$180.7K
$158.2K – $210.9K
NOI $12,652 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$167.2K
$146.3K – $195.1K
NOI $11,707 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$335.3K
$293.4K – $391.2K
NOI $23,471 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
792
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
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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 - Both residences offer two bedrooms, one bathroom, and tile flooring throughout.
Where is this duplex located?
The property is located at 425 Grove St Albuquerque, NM.
What is the asking price?
The asking price for this property is $265,999.
What are key features of this property?
This property features: Two‑unit duplex at 425 Grove St, Albuquerque, NM; Each unit includes 2 bedrooms and 1 bathroom; Tile flooring throughout both units
