Duplex with Two 2-Bed
513 Utah Street SE Albuquerque, NM 87108
513 Utah Street SE, Albuquerque, NM, 87108
$225,000
For Sale
$225,000
MULTI_FAMILY - Albuquerque, NM
Property Size1,536 SF
Lot Size0.16 Acres
Price / SF$146.48
Days on Market17
Property Features for 513 Utah Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 2, Bedroom 1, 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 agency
Keller Williams Realty
(505) 271-8200
Listed by
Faithe Real Estate Group
(505) 401-0721
Added: Jul 6 Updated: Jul 21 at 10:06PM Checked: Jul 22 at 10:06PM
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.
Investment Insights
Based on property information with market context.
This duplex at 513 Utah Street SE provides two separate residential units, each configured with 2 bedrooms and 1 full bathroom. Both units include tile flooring and offer in-unit laundry hookups for tenant convenience. Off-street parking is available for up to two vehicles per unit.
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.
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
- 1959‑built duplex with two 2‑bedroom, 1 full‑bath units
- Off‑street parking available for up to two vehicles per unit
- Tile flooring throughout 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 |
1,536 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$200.3K
$175.3K – $233.7K
NOI $14,022 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$185.3K
$162.2K – $216.2K
NOI $12,974 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$371.6K
$325.1K – $433.5K
NOI $26,011 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate 2BR/1BA units with tile floors, separately metered utilities, and off-street parking.
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 $225,000.
What are key features of this property?
This property features: 1959‑built duplex with two 2‑bedroom, 1 full‑bath units; Off‑street parking available for up to two vehicles per unit; Tile flooring throughout each unit
