Duplex with Multiple Living
427 Odelia Road NE, Albuquerque, NM 87102
For Sale
$279,900
The property includes off-street parking and requires updates.
Property Size1,424 SF
Price / SF$196.56
Days on Market82
Property Features for 427 Odelia Road NE
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Listing Agency:
MORE Realty, Inc
(505) 333-9522
Listed By:
Chris J Cantrell · License NM #42943
(505) 235-2831
Source:
Chrislucasabq
Added: Aug 20
Changed: Nov 9
Last Checked: Nov 8 at 8:20PM
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 MORE Realty, Inc
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Investment Insights
Based on property information with market context.
This 1,424-square-foot duplex, built in 1916, has multiple living areas and off-street parking. The structure is ready for updates, according to the property details.
Located at 427 Odelia Road NE in Albuquerque, the property has access to UNM, downtown, and I-25.
Located at 427 Odelia Road NE in Albuquerque, the property has access to UNM, downtown, and I-25.
Key Highlights
- 1,424‑square‑foot duplex built in 1916
- Multiple living areas
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,999
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,980
$260.0K
Cap Rate 7%
$185,700
$185.7K
Cap Rate 9%
$144,433
$144.4K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$19.7K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.6K $13.04/SF
− OpEx
−$5.6K −$3.91/SF
NOI
$13.0K $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%
$259,980
Cap Rate 7%
$185,700
Cap Rate 9%
$144,433
Alternative Uses
Best Use
Multifamily LT 5
$185.7K
$162.5K – $216.7K
NOI $12,999 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$171.8K
$150.4K – $200.5K
NOI $12,028 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$344.5K
$301.4K – $401.9K
NOI $24,115 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Albuquerque, NM
Properties on Market for Duplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes off-street parking and requires updates.
Where is this duplex located?
The property is located at 427 Odelia Road NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,424‑square‑foot duplex built in 1916; Multiple living areas; Off‑street parking
