Duplex with Attached
New
For Sale
$269,900
520 Kentucky Street Se, Albuquerque, NM 87108
Both residences are occupied, with tenants on month-to-month leases.
Property Size1,980 SF
Price / SF$136.31
Days on Market5
Property Features for 520 Kentucky Street Se
General Information
Standard status
Active
Size
1,980 SF
Property subtype
ResidentialIncome
Zoning
R-ML*
Occupancy
100%
Site & Location
Neighborhood
Ssp
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,120
Amenities
attached storage unit
Tile
true
2
4
CeilingFans
0.14
PublicRecords
1980
1
Building Details
Building Size
1,980 SF
Year Built
1959
Stories
1
Listing Agency:
Bonita Ulibarri Realty LLC
(505) 405-4957
Listed By:
John Sabourin
Source:
Homeauthority
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:13PM
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 Bonita Ulibarri Realty LLC
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Investment Insights
Based on property information with market context.
This 1,980-square-foot duplex contains two spacious residences, each with tile flooring. An attached storage area and off-street parking serve the property. The building dates to 1959 and carries an R-ML* zoning designation.
Both units are occupied, and the tenant agreements are month to month.
Both units are occupied, and the tenant agreements are month to month.
Key Highlights
- Two‑unit duplex with 1,980 square feet
- Attached storage area
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,075
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,500
$361.5K
Cap Rate 7%
$258,214
$258.2K
Cap Rate 9%
$200,833
$200.8K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$27.3K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$25.8K $13.04/SF
− OpEx
−$7.7K −$3.91/SF
NOI
$18.1K $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%
$361,500
Cap Rate 7%
$258,214
Cap Rate 9%
$200,833
Alternative Uses
Best Use
Multifamily LT 5
$258.2K
$225.9K – $301.3K
NOI $18,075 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$238.9K
$209.1K – $278.7K
NOI $16,724 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$479.0K
$419.1K – $558.8K
NOI $33,530 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
929
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 - Both residences are occupied, with tenants on month-to-month leases.
Where is this duplex located?
The property is located at 520 Kentucky Street Se Albuquerque, NM.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,980 square feet; Attached storage area; Off‑street parking
