Duplex with In-Unit
For Sale
$205,000
513 Utah Street SE, Albuquerque, NM 87108
ResidentialIncome, Albuquerque, NM
Property Size1,536 SF
Lot Size0.16 Acres
Price / SF$133.46
Days on Market102
Property Features for 513 Utah Street SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-ML*
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2
Appliances
FreeStandingGasRange
Subdivision
Terrace Sub
Directions
From I-40 Go South on Wyoming Blvd to Trumbull, Go West on Trumbull, Turn South on Utah, duplex will be on the West side.
Standard status
Active
APN
101905639837610808
Size
1,536 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
2093
Amenities
in-unit laundry hookups
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
Changed: Oct 11
Last Checked: Oct 15 at 8:06AM
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.
Investment Insights
Based on property information with market context.
Built in 1959, this 1,536-square-foot duplex contains two separate residences, each arranged with two bedrooms and one full bathroom. Tile flooring runs throughout the units, while in-unit laundry hookups add functional convenience. The frame construction includes gas ranges, and gas and electric utilities are separately metered for each residence.
Located at 513 Utah Street SE in Albuquerque, the property sits near shopping, restaurants, schools, parks, and major commuter routes. Each unit includes off-street parking for up to two vehicles. The 0.16-acre property combines a two-unit layout with practical features suited to rental operation or owner occupancy.
Located at 513 Utah Street SE in Albuquerque, the property sits near shopping, restaurants, schools, parks, and major commuter routes. Each unit includes off-street parking for up to two vehicles. The 0.16-acre property combines a two-unit layout with practical features suited to rental operation or owner occupancy.
Key Highlights
- Two‑unit duplex with 1,536 square feet of building area
- Each unit includes 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
Lease Details
2
Residential units
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide tile flooring, separate utility meters, and dedicated 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 $205,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 square feet of building area; Each unit includes 2 bedrooms and 1 full bathroom; Off‑street parking for up to two vehicles per unit
