513 Utah Street SE Albuquerque, NM 87108
MULTI_FAMILY - Albuquerque, NM
Property Features for 513 Utah Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1
- Appliances
- FreeStandingGasRange
- Standard status
- Active
- APN
- 101905639837610808
- Size
- 1,536 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2093
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Frame
Listing agent Faithe Real Estate Group (505) 401-0721
Listing office Keller Williams Realty 6703 Academy Road NE, ALBUQUERQUE, NM (505) 271-8200
Listing date Jul 6, 2026
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.
Investment Insights
Based on property information with market context.
The property uses separately metered gas and electric utilities, supporting more streamlined operating expense management for an owner. The duplex is described as being conveniently located near shopping, restaurants, schools, parks, and major commuter routes.
Designed for straightforward, low-maintenance ownership, the layout and utility setup make the building a practical fit for either income-focused ownership or an owner-occupant plan.
Key Highlights
- Duplex built in 1959 with 2 units, each offering 2 bedrooms and 1 full bathroom
- Off‑street parking included for up to two vehicles per unit
- Separately metered gas and electric utilities for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.2k | $13.80 |
| − Vacancy | −$1.2k | −$0.76 |
| EGI | $20.0k | $13.04 |
| − OpEx | −$6.0k | −$3.91 |
| NOI | $14.0k | $9.13 |
