Two-Unit Duplex with In-Unit
513 Utah Street SE, Albuquerque, NM 87108
For Sale
$205,000
Residential Income, Albuquerque, NM
Property Size1,536 SF
Lot Size0.16 Acres
Price / SF$133.46
Days on Market129
Property Features for 513 Utah Street SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
in-unit laundry hookups
Building Details
Year built
Number of units
Buildings
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Faithe Real Estate Group
(505) 401-0721
Added: Jul 6
Changed: Nov 11
Last Checked: Nov 11 at 9:06AM
MLS# 1107191
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.
Built in 1959, this 1,536-square-foot duplex contains two residences, each arranged with two bedrooms and one full bathroom. Tile flooring runs throughout both units, and each has in-unit laundry hookups. Gas and electric service is metered separately for each residence. The 0.16-acre property is zoned R-ML* and provides off-street parking for as many as two vehicles per unit.
The property is at 513 Utah Street SE in Albuquerque, near shopping, restaurants, schools, parks, and major commuter routes.
The property is at 513 Utah Street SE in Albuquerque, near shopping, restaurants, schools, parks, and major commuter routes.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 1,536 square feet on a 0.16‑acre lot
- Off‑street parking for up to two vehicles at each 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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
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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
$227,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Albuquerque, NM
Properties on Market for Duplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate gas and electric meters, tile floors, and hookups for laundry appliances.
Where is this duplex located?
The property is located at 513 Utah Street SE 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 units, each with 2 bedrooms and 1 full bathroom; 1,536 square feet on a 0.16‑acre lot; Off‑street parking for up to two vehicles at each unit
