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 Market212
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
Listed By:
Scott Clark · License #8946
(505) 933-1300
Source:
Carnm.resimplifi
Added: Mar 20
Changed: Oct 13
Last Checked: Oct 16 at 5:44AM
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
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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 / Yr
$22,256
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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
