16-Unit Quadplex
5116 Eastern & 5120 and 1309-1315 M Avenue SE, Albuquerque, NM 87108
For Sale
$1,880,814
Residential Income, Albuquerque, NM
Property Size13,940 SF
Lot Size0.79 Acres
Price / SF$134.92
Days on Market8
Property Features for 5116 Eastern & 5120 and 1309-1315 M Avenue SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
secured courtyard entries
private outdoor spaces
full-size washers and dryers
updated kitchens
dishwashers
vaulted ceilings
custom finishes
oversized private yards
Building Details
Year built
Number of units
Buildings
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License NM #13711
(505) 440-8633
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 10 at 5:06AM
MLS# 1113493
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.
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Investment Insights
Based on property information with market context.
This 16-unit residential property consists of four fourplex buildings on four parcels, totaling 13,940 square feet. Built in 1979, the community includes mostly two-bedroom, one-bath residences with full-size washers and dryers, updated kitchens, and dishwashers. Two homes have three bedrooms and two bathrooms, vaulted ceilings, custom finishes, and larger private yards. Secured courtyard entries and private outdoor spaces distinguish the layout. The property is zoned MX-L*.
The four parcels are located in Albuquerque, near Kirtland Air Force Base, Sandia National Laboratories, neighborhood retailers and restaurants, and the MAX-Q development.
The four parcels are located in Albuquerque, near Kirtland Air Force Base, Sandia National Laboratories, neighborhood retailers and restaurants, and the MAX-Q development.
Key Highlights
- 16 units across four fourplex buildings and four parcels
- 13,940 square feet on 0.79 acres
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,254
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,545,080
$2.5M
Cap Rate 7%
$1,817,914
$1.8M
Cap Rate 9%
$1,413,933
$1.4M
Market Conditions
NOI Build-Up for 13,940 SF
Gross rent
$192.4K $13.80/SF
− Vacancy
−$10.6K −$0.76/SF
EGI
$181.8K $13.04/SF
− OpEx
−$54.5K −$3.91/SF
NOI
$127.3K $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%
$2,545,080
Cap Rate 7%
$1,817,914
Cap Rate 9%
$1,413,933
Alternative Uses
Best Use
Multifamily LT 5
$1.82M
$1.59M – $2.12M
NOI $127,254 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,747 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $236,066 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Explore this area
Business Placement
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
$227,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate buildings offer secured courtyard entries and private outdoor areas across a 0.79-acre property.
Where is this quadplex located?
The property is located at 5116 Eastern & 5120 and 1309-1315 M Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,880,814.
What are key features of this property?
This property features: 16 units across four fourplex buildings and four parcels; 13,940 square feet on 0.79 acres; Built in 1979
