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8-Unit Multifamily Property
For Sale
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500/504 Indiana Street SE, Albuquerque, NM 87108

Well-sized eight-unit multifamily building offered for sale as a residential income property.

Property SizeContact for details
Days on Market125

Property Features for 500/504 Indiana Street SE

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: SVN | Walt Arnold Commercial Brokerage, Inc.
Listed By: Tim Luten · License #NM 2469
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 11:44PM

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 SVN | Walt Arnold Commercial Brokerage, Inc.

Investment Insights

Based on property information with market context.

This multifamily property consists of eight units and is being offered for sale. It falls under residential income property and other apartment building classifications, providing a straightforward small-bay apartment configuration.

The property is located at 500/504 Indiana Street SE in Albuquerque, New Mexico. The offering is presented as “Multifamily | 8 Units,” with pricing shown at $52,500 per unit in the public remarks.

Key Highlights

  • 8‑unit multifamily building
  • $52,500 per unit listed price

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Carpet & Flooring Store Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

945
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-sized eight-unit multifamily building offered for sale as a residential income property.
Where is this apartment building located?
The property is located at 500/504 Indiana Street SE Albuquerque, NM.
What are key features of this property?
This property features: 8‑unit multifamily building; $52,500 per unit listed price
(505) 620-2259 Call to check price and availability
More about this property
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