Turnkey 6-Plex in
426 Towner Avenue NW Albuquerque, NM 87102
426 Towner Avenue NW, Albuquerque, NM, 87102
$565,000
For Sale
$565,000
MULTI_FAMILY - Albuquerque, NM
Property Size3,191 SF
Lot Size0.24 Acres
Price / SF$177.06
Days on Market227
Property Features for 426 Towner Avenue NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 5, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 6, Bedroom 5
- Parking
- 6
- Appliances
- FreeStandingGasRange, RangeHood
- Standard status
- Active
- APN
- 101405927228422138
- Size
- 3,191 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2181
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Number of units
- 6
- Flooring type
- Vinyl, Tile, Carpet
- Building materials
- Block, Frame
Listing Agency
Weichert, Realtors Image
(505) 365-6721
6705 Academy Rd NE Suite A, Albuquerque, NM
Listed by
Peter A Cochran · License #20811
(505) 314-6181
Added: Dec 2, 2025 Checked: Jul 17 at 6:06 am
MLS# 1095527
Listing URL
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 turnkey 6-plex is located in Albuquerque's Near North Valley. The property consists of three separate structures, each containing two units. The property is professionally managed, fully stabilized, and occupied. The residences are clean and well-kept, featuring private entries and practical layouts. Each unit is separately metered for gas and electric. The location is close to employment, transit, and amenities, supporting steady demand and market-rate rent growth. The property size is 3191 square feet, situated on a lot of 0.24 acres. The property has a history of low vacancy rate and high demand. It is ideal for investors seeking reliable cash flow with low day-to-day involvement.
Key Highlights
- Turnkey 6‑plex in Albuquerque’s Near North Valley with three separate structures (two units per structure).
- Professional management and currently fully stabilized and occupied with a history of low vacancy and high demand.
- Each unit has separate gas and electric metering.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.7k | $16.20 |
| − Vacancy | −$2.7k | −$0.84 |
| EGI | $49.0k | $15.36 |
| − OpEx | −$22.1k | −$6.91 |
| NOI | $27.0k | $8.45 |
3,191 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$385.0K
$336.9K – $449.2K
NOI $26,953 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$772.0K
$675.5K – $900.6K
NOI $54,038 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied 6-plex with low vacancy and high demand.
Where is this apartment building located?
The property is located at 426 Towner Avenue NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Turnkey 6‑plex in Albuquerque’s Near North Valley with three separate structures (two units per structure).; Professional management and currently fully stabilized and occupied with a history of low vacancy and high demand.; Each unit has separate gas and electric metering.
