Updated Quadplex with
For Sale
$389,160
Pending
512 Mesilla St, Albuquerque, NM 87108
Four two-bedroom units offer one bathroom each, secured courtyard entry, and updated interiors.
Property Size2,700 SF
Days on Market70
Property Features for 512 Mesilla St
General Information
Standard status
Pending
Size
2,700 SF
Property subtype
Residential Income
Building Details
Year Built
1960
Listing Agency:
Deacon Property Services
Listed By:
Kyle E Deacon · License #15579
(505) 878-0100
Source:
Findalbuquerqueproperties
Added: Aug 7
Changed: Oct 1
Last Checked: Oct 14 at 11:25PM
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 Deacon Property Services
Investment Insights
Based on property information with market context.
This 2,700-square-foot quadplex contains four two-bedroom, one-bathroom units arranged around a secured courtyard entry. Interior and building improvements include hard-surface flooring, new lighting, updated vanities and toilets, washer/dryers, new windows, synthetic stucco, and new evaporative coolers. Electrical service has also been updated, along with selected mechanical systems. Wrought iron security fencing adds controlled access to the courtyard. The property is located at 512 Mesilla St in Albuquerque, New Mexico. Its four-unit configuration and individually described residential layouts provide a clear multifamily format within a compact building.
Key Highlights
- Four‑unit quadplex with 2,700 square feet
- Each unit has two bedrooms and one bathroom
- Secured courtyard entry with wrought iron security fencing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,647
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,940
$492.9K
Cap Rate 7%
$352,100
$352.1K
Cap Rate 9%
$273,856
$273.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$37.3K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$35.2K $13.04/SF
− OpEx
−$10.6K −$3.91/SF
NOI
$24.6K $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%
$492,940
Cap Rate 7%
$352,100
Cap Rate 9%
$273,856
Alternative Uses
Best Use
Multifamily LT 5
$352.1K
$308.1K – $410.8K
NOI $24,647 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$325.8K
$285.1K – $380.1K
NOI $22,806 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$653.2K
$571.5K – $762.1K
NOI $45,723 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
715
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units offer one bathroom each, secured courtyard entry, and updated interiors.
Where is this quadplex located?
The property is located at 512 Mesilla St Albuquerque, NM.
What is the asking price?
The asking price for this property is $389,160.
What are key features of this property?
This property features: Four‑unit quadplex with 2,700 square feet; Each unit has two bedrooms and one bathroom; Secured courtyard entry with wrought iron security fencing
