Three-Unit Triplex with
For Sale
$499,000
4609 Douglas MacArthur Rd NE, Albuquerque, NM 87110
Three residential units include two-bedroom layouts, laundry features, and a one-car garage serving one residence.
Property Size2,438 SF
Price / SF$204.68
Days on Market165
Property Features for 4609 Douglas MacArthur Rd NE
General Information
Standard status
Active
Size
2,438 SF
Property subtype
Multifamily
Zoning
R-ML
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Amenities
washer/dryer
garage
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1960
Listing Agency:
Double Eagle Real Estate
(505) 933-1300
Listed By:
Scott Clark · License #8946
(505) 933-1300
Source:
Carnm.resimplifi
Added: Mar 20
Changed: Aug 29
Last Checked: Aug 30 at 1:18PM
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 Double Eagle Real Estate
Investment Insights
Based on property information with market context.
This triplex contains three residential units with a combined 2,438 square feet. Units A and B each provide 691 square feet with two bedrooms and one bathroom, while Unit C offers 1,056 square feet with two bedrooms and two bathrooms. The property was built in 1960 and is zoned R-ML.
Laundry amenities vary by unit: Units A and B include stackable washer-dryer sets, and Unit C has a standalone washer and dryer in its garage. Unit C also includes a one-car garage. The property is located at 4609 Douglas MacArthur Rd NE in Albuquerque, New Mexico.
Laundry amenities vary by unit: Units A and B include stackable washer-dryer sets, and Unit C has a standalone washer and dryer in its garage. Unit C also includes a one-car garage. The property is located at 4609 Douglas MacArthur Rd NE in Albuquerque, New Mexico.
Key Highlights
- Three‑unit triplex with 2,438 total square feet
- Units A and B: 691 square feet, two bedrooms, and one bathroom each
- Unit C: 1,056 square feet, two bedrooms, and two bathrooms
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
$22,256
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
4.46%
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%
$445,120
$445.1K
Cap Rate 7%
$317,943
$317.9K
Cap Rate 9%
$247,289
$247.3K
Market Conditions
NOI Build-Up for 2,438 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
$33.6K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$31.8K $13.04/SF
− OpEx
−$9.5K −$3.91/SF
NOI
$22.3K $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%
$445,120
Cap Rate 7%
$317,943
Cap Rate 9%
$247,289
Alternative Uses
Best Use
Multifamily LT 5
$317.9K
$278.2K – $370.9K
NOI $22,256 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,286 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,780
Businesses Nearby
Explore this area
Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include two-bedroom layouts, laundry features, and a one-car garage serving one residence.
Where is this triplex located?
The property is located at 4609 Douglas MacArthur Rd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three‑unit triplex with 2,438 total square feet; Units A and B: 691 square feet, two bedrooms, and one bathroom each; Unit C: 1,056 square feet, two bedrooms, and two bathrooms
