Two-Unit Duplex with Off-Street
For Sale
$205,000
513 Utah St, Albuquerque, NM 87108
Two residential units feature tile flooring, laundry hookups, separately metered utilities, and convenient off-street parking.
Property Size1,536 SF
Price / SF$133.46
Days on Market98
Property Features for 513 Utah St
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Residential Income
Building Details
Year Built
1959
Listing Agency:
Keller Williams Realty
Listed By:
Faithe Real Estate Group
(505) 401-0721
Source:
Myabqhomesearch
Added: Jul 12
Changed: Oct 13
Last Checked: Oct 16 at 8:54AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex at 513 Utah St in Albuquerque includes two residential units, each configured with 2 bedrooms and 1 full bathroom. Both units have durable tile flooring throughout, in-unit laundry hookups, and off-street parking for up to two vehicles. Gas and electric utilities are separately metered for each unit. Built in 1959, the property offers a straightforward two-unit configuration for an owner-occupant or income-property buyer.
The property is positioned near shopping, restaurants, schools, parks, and major commuter routes, providing access to everyday services and transportation connections. Its unit-level utility metering and laundry hookups add practical functionality for both ownership and occupancy.
The property is positioned near shopping, restaurants, schools, parks, and major commuter routes, providing access to everyday services and transportation connections. Its unit-level utility metering and laundry hookups add practical functionality for both ownership and occupancy.
Key Highlights
- Two‑unit duplex with 1,536 square feet
- Each unit has 2 bedrooms and 1 full bathroom
- Off‑street parking for up to two vehicles per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,022
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,440
$280.4K
Cap Rate 7%
$200,314
$200.3K
Cap Rate 9%
$155,800
$155.8K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$21.2K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$20.0K $13.04/SF
− OpEx
−$6.0K −$3.91/SF
NOI
$14.0K $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%
$280,440
Cap Rate 7%
$200,314
Cap Rate 9%
$155,800
Alternative Uses
Best Use
Multifamily LT 5
$200.3K
$175.3K – $233.7K
NOI $14,022 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$185.3K
$162.2K – $216.2K
NOI $12,974 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$371.6K
$325.1K – $433.5K
NOI $26,011 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
669
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature tile flooring, laundry hookups, separately metered utilities, and convenient off-street parking.
Where is this duplex located?
The property is located at 513 Utah St Albuquerque, NM.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 square feet; Each unit has 2 bedrooms and 1 full bathroom; Off‑street parking for up to two vehicles per unit
